Howmet Aerospace Inc. [NYSE: HWM] price surged by 0.50 percent to reach at $0.16. The company report on May 4, 2021 that Howmet Aerospace Completes Early Redemption of 5.87% Notes Due 2022.
Howmet Aerospace Inc. (NYSE:HWM) announced that it has completed the early redemption of all of its outstanding 5.87% Notes due 2022 (the “2022 Notes”) in the aggregate principal amount of $476.2 million. The 2022 Notes were redeemed with cash on hand at an aggregate redemption price of approximately $503.3 million, including accrued interest. Following the redemption of the 2022 Notes, the Company’s next debt maturity is in October 2024.
About Howmet AerospaceHowmet Aerospace Inc., headquartered in Pittsburgh, Pennsylvania, is a leading global provider of advanced engineered solutions for the aerospace and transportation industries. The Company’s primary businesses focus on jet engine components, aerospace fastening systems, and titanium structural parts necessary for mission-critical performance and efficiency in aerospace and defense applications, as well as forged wheels for commercial transportation. With nearly 1,150 granted and pending patents, the Company’s differentiated technologies enable lighter, more fuel-efficient aircraft to operate with a lower carbon footprint. For more information, visit www.howmet.com. For more information, visit www.howmet.com. Follow: LinkedIn, Twitter, Instagram, Facebook, and YouTube.
A sum of 3786146 shares traded at recent session while its average daily volume was at 3.00M shares. Howmet Aerospace Inc. shares reached a high of $32.77 and dropped to a low of $32.205 until finishing in the latest session at $32.35.
The one-year HWM stock forecast points to a potential upside of 13.57. The average equity rating for HWM stock is currently 2.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $37.43 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.
KeyBanc Capital Markets have made an estimate for Howmet Aerospace Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on February 17, 2021. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on December 14, 2020, representing the official price target for Howmet Aerospace Inc. stock. Previously, the target price had yet another raise to $34, while Vertical Research analysts kept a Buy rating on HWM stock.
The Average True Range (ATR) for Howmet Aerospace Inc. is set at 0.77, with the Price to Sales ratio for HWM stock in the period of the last 12 months amounting to 2.69. The Price to Book ratio for the last quarter was 3.97, with the Price to Cash per share for the same quarter was set at 3.69.
HWM Stock Performance Analysis:
Howmet Aerospace Inc. [HWM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.72. With this latest performance, HWM shares gained by 3.03% in over the last four-week period, additionally plugging by 81.23% over the last 6 months – not to mention a rise of 164.95% 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 55.91, with the RSI for the last a single of trading hit 56.99, and the three-weeks RSI is set at 56.11 for Howmet Aerospace Inc. [HWM]. The present Moving Average for the last 50 days of trading for this stock 31.36, while it was recorded at 32.13 for the last single week of trading, and 24.07 for the last 200 days.
Insight into Howmet Aerospace Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Howmet Aerospace Inc. [HWM] shares currently have an operating margin of +16.14 and a Gross Margin at +21.73. Howmet Aerospace Inc.’s Net Margin is presently recorded at +4.01.
Return on Total Capital for HWM is now 8.66, given the latest momentum, and Return on Invested Capital for the company is 2.33. Return on Equity for this stock inclined to 5.16, with Return on Assets sitting at 1.45. When it comes to the capital structure of this company, Howmet Aerospace Inc. [HWM] has a Total Debt to Total Equity ratio set at 145.74. Additionally, HWM Total Debt to Total Capital is recorded at 59.31, with Total Debt to Total Assets ending up at 45.56. Long-Term Debt to Equity for the company is recorded at 136.26, with the Long-Term Debt to Total Capital now at 54.60.
Reflecting on the efficiency of the workforce at the company, Howmet Aerospace Inc. [HWM] managed to generate an average of $10,711 per employee. Receivables Turnover for the company is 5.82 with a Total Asset Turnover recorded at a value of 0.36.Howmet Aerospace Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 2.20.
HWM Stock EPS
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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Howmet Aerospace Inc. go to 27.53%.
Howmet Aerospace Inc. [HWM] Insider Position Details
There are presently around $12,276 million, or 89.90% 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 0.40% of the total institutional ownership; VANGUARD GROUP INC, holding 40,233,423 shares of the stock with an approximate value of $1.3 billion in HWM stocks shares; and BLACKROCK INC., currently with $1.16 billion in HWM stock with ownership of nearly -3.701% of the company’s market capitalization.
Positions in Howmet Aerospace Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 199 institutional holders increased their position in Howmet Aerospace Inc. [NYSE:HWM] by around 41,060,898 shares. Additionally, 205 investors decreased positions by around 39,570,571 shares, while 85 investors held positions by with 300,724,379 shares. The mentioned changes placed institutional holdings at 381,355,848 shares, according to the latest SEC report filing. HWM stock had 79 new institutional investments in for a total of 16,035,472 shares, while 45 institutional investors sold positions of 5,798,110 shares during the same period.