Sunday, February 28, 2021

Howmet Aerospace Inc. [HWM] moved up 1.79: Why It’s Important

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Howmet Aerospace Inc. [NYSE: HWM] traded at a high on 02/04/21, posting a 1.79 gain after which it closed the day’ session at $27.34. The company report on February 4, 2021 that Howmet Aerospace to Present at Barclays Industrial Select Conference.

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Howmet Aerospace Inc. (NYSE: HWM) announced that John C. Plant, Chairman and Co-Chief Executive Officer, Tolga Oal, Co-Chief Executive Officer, and Ken Giacobbe, Executive Vice President and Chief Financial Officer, will speak at the Barclays Industrial Select Conference on Tuesday, February 16, 2021 at 8:10 AM ET.


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A real-time audio webcast of the event will be available on the “Investors/Events and Presentations” section of www.howmet.com, where a webcast replay will be available for 30 days following the presentation.

The results of the trading session contributed to over 5251055 shares changing hands. Over the past one week, the price volatility of Howmet Aerospace Inc. stands at 5.34% while the volatility over the past one month is 3.87%.

The market cap for HWM stock reached $11.94 billion, with 436.00 million shares outstanding and 431.28 million shares in the current float. Compared to the average trading volume of 4.08M shares, HWM reached a trading volume of 5251055 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Howmet Aerospace Inc. [HWM]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HWM shares is $32.29 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HWM stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for Howmet Aerospace Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 14, 2020. While these analysts kept the previous recommendation, Vertical Research raised their target price to Buy. The new note on the price target was released on December 01, 2020, representing the official price target for Howmet Aerospace Inc. stock. Previously, the target price had yet another raise to $30, while Argus analysts kept a Buy rating on HWM stock. On November 11, 2020, analysts increased their price target for HWM shares from 21 to 30.

The Average True Range (ATR) for Howmet Aerospace Inc. is set at 1.13, with the Price to Sales ratio for HWM stock in the period of the last 12 months amounting to 1.61. The Price to Book ratio for the last quarter was 3.46, with the Price to Cash per share for the same quarter was set at 3.13.

How has HWM stock performed recently?

Howmet Aerospace Inc. [HWM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.42. With this latest performance, HWM shares dropped by -2.04% in over the last four-week period, additionally plugging by 70.02% over the last 6 months – not to mention a rise of 14.10% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HWM stock in for the last two-week period is set at 56.05, with the RSI for the last a single of trading hit 59.67, and the three-weeks RSI is set at 55.70 for Howmet Aerospace Inc. [HWM]. The present Moving Average for the last 50 days of trading for this stock 26.47, while it was recorded at 25.99 for the last single week of trading, and 18.84 for the last 200 days.

Howmet Aerospace Inc. [HWM]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Howmet Aerospace Inc. [HWM] shares currently have an operating margin of +11.64 and a Gross Margin at +17.09. Howmet Aerospace Inc.’s Net Margin is presently recorded at +3.31.

Return on Total Capital for HWM is now 14.52, given the latest momentum, and Return on Invested Capital for the company is 4.44. Return on Equity for this stock inclined to 9.23, with Return on Assets sitting at 2.59. When it comes to the capital structure of this company, Howmet Aerospace Inc. [HWM] has a Total Debt to Total Equity ratio set at 134.69. Additionally, HWM Total Debt to Total Capital is recorded at 57.39, with Total Debt to Total Assets ending up at 35.30. Long-Term Debt to Equity for the company is recorded at 112.04, with the Long-Term Debt to Total Capital now at 47.17.

Reflecting on the efficiency of the workforce at the company, Howmet Aerospace Inc. [HWM] managed to generate an average of $11,271 per employee. Receivables Turnover for the company is 9.62 with a Total Asset Turnover recorded at a value of 0.78.Howmet Aerospace Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 2.30.

Earnings analysis for Howmet Aerospace Inc. [HWM]

With the latest financial reports released by the company, Howmet Aerospace Inc. posted 0.44/share EPS, while the average EPS was predicted by analysts to be reported at 0.44/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HWM.

Insider trade positions for Howmet Aerospace Inc. [HWM]

There are presently around $10,360 million, or 90.50% of HWM stock, in the hands of institutional investors. The top three institutional holders of HWM stocks are: ELLIOTT INVESTMENT MANAGEMENT L.P. with ownership of 41,565,658, which is approximately 0% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 40,581,453 shares of the stock with an approximate value of $1.11 billion in HWM stocks shares; and BLACKROCK INC., currently with $1.03 billion in HWM stock with ownership of nearly -0.157% of the company’s market capitalization.

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Positions in Howmet Aerospace Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 165 institutional holders increased their position in Howmet Aerospace Inc. [NYSE:HWM] by around 33,387,014 shares. Additionally, 219 investors decreased positions by around 44,675,267 shares, while 73 investors held positions by with 300,855,669 shares. The mentioned changes placed institutional holdings at 378,917,950 shares, according to the latest SEC report filing. HWM stock had 60 new institutional investments in for a total of 10,183,135 shares, while 48 institutional investors sold positions of 6,736,513 shares during the same period.

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