Howmet Aerospace Inc. [NYSE: HWM] closed the trading session at $35.32 on 09/14/22. The day’s price range saw the stock hit a low of $34.24, while the highest price level was $35.72. The company report on August 4, 2022 that Howmet Aerospace Reports Second Quarter 2022 Results.
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Commercial Aerospace Revenue Up 34% YoY, EPS Exceeded Guidance, Positive Cash Generation.
The stocks have a year to date performance of 10.96 percent and weekly performance of -0.11 percent. The stock has been moved at 3.58 percent over the last six months. The stock has performed -8.78 percent around the most recent 30 days and changed 9.69 percent over the most recent 3-months.
If compared to the average trading volume of 2.81M shares, HWM reached to a volume of 3022284 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $42.83 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 1.90. 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.
The Benchmark Company have made an estimate for Howmet Aerospace Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 08, 2022. While these analysts kept the previous recommendation, Truist raised their target price to Buy. The new note on the price target was released on July 06, 2022, representing the official price target for Howmet Aerospace Inc. stock. Previously, the target price had yet another raise to $40, while Morgan Stanley analysts kept a Overweight rating on HWM stock.
The Average True Range (ATR) for Howmet Aerospace Inc. is set at 0.96, with the Price to Sales ratio for HWM stock in the period of the last 12 months amounting to 2.73. The Price to Book ratio for the last quarter was 4.38, with the Price to Cash per share for the same quarter was set at 1.31. Price to Free Cash Flow for HWM in the course of the last twelve months was 42.07 with Quick ratio for the last quarter at 1.00.
HWM stock trade performance evaluation
Howmet Aerospace Inc. [HWM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.11. With this latest performance, HWM shares dropped by -8.78% in over the last four-week period, additionally plugging by 3.58% over the last 6 months – not to mention a rise of 11.81% 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 44.11, with the RSI for the last a single of trading hit 41.92, and the three-weeks RSI is set at 46.51 for Howmet Aerospace Inc. [HWM]. The present Moving Average for the last 50 days of trading for this stock 35.85, while it was recorded at 35.96 for the last single week of trading, and 34.10 for the last 200 days.
Howmet Aerospace Inc. [HWM]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Howmet Aerospace Inc. [HWM] shares currently have an operating margin of +17.42 and a Gross Margin at +22.81. Howmet Aerospace Inc.’s Net Margin is presently recorded at +5.19.
Return on Equity for this stock inclined to 7.28, with Return on Assets sitting at 2.38.
Howmet Aerospace Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 2.10.
Earnings per share (EPS) analysis for Howmet Aerospace Inc. [HWM] stock
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 28.40%.
Howmet Aerospace Inc. [HWM]: Insider Ownership positions
There are presently around $13,509 million, or 92.80% of HWM stock, in the hands of institutional investors. The top three institutional holders of HWM stocks are: VANGUARD GROUP INC with ownership of 41,447,236, which is approximately 1.299% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 41,092,377 shares of the stock with an approximate value of $1.45 billion in HWM stocks shares; and ELLIOTT INVESTMENT MANAGEMENT L.P., currently with $1.45 billion in HWM stock with ownership of nearly 0% of the company’s market capitalization.
Positions in Howmet Aerospace Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 243 institutional holders increased their position in Howmet Aerospace Inc. [NYSE:HWM] by around 21,174,455 shares. Additionally, 221 investors decreased positions by around 18,098,691 shares, while 111 investors held positions by with 343,212,275 shares. The mentioned changes placed institutional holdings at 382,485,421 shares, according to the latest SEC report filing. HWM stock had 61 new institutional investments in for a total of 4,899,410 shares, while 71 institutional investors sold positions of 3,580,990 shares during the same period.