Truist slashes price target on Howmet Aerospace Inc. [HWM] – find out why.

Howmet Aerospace Inc. [NYSE: HWM] surged by $0.67 during the normal trading session on Thursday and reaching a high of $39.49 during the day while it closed the day at $39.39. The company report on November 17, 2022 that Howmet Aerospace Board Approves Preferred Stock Dividend.


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The Board of Directors of Howmet Aerospace (NYSE:HWM) today declared a dividend of 93.75 cents per share on the outstanding $3.75 Cumulative Preferred Stock (“Class A Stock”) of the Company, to be paid on January 1, 2023 to the holders of record of the Class A Stock at the close of business on December 9, 2022.

Howmet Aerospace Inc. stock has also gained 0.87% of its value over the past 7 days. However, HWM stock has inclined by 27.31% in the 3 months of the year. Over the past six months meanwhile, it has gained 25.25% and gained 23.75% year-on date.

The market cap for HWM stock reached $16.08 billion, with 415.00 million shares outstanding and 410.92 million shares in the current float. Compared to the average trading volume of 3.05M shares, HWM reached a trading volume of 2210266 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 $42.46 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.

Truist have made an estimate for Howmet Aerospace Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on October 12, 2022. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Outperform. The new note on the price target was released on October 11, 2022, representing the official price target for Howmet Aerospace Inc. stock. Previously, the target price had yet another raise to $40, while BofA Securities analysts kept a Buy rating on HWM stock.

The Average True Range (ATR) for Howmet Aerospace Inc. is set at 0.88, with the Price to Sales ratio for HWM stock in the period of the last 12 months amounting to 2.96. The Price to Book ratio for the last quarter was 5.08, with the Price to Cash per share for the same quarter was set at 1.11. Price to Free Cash Flow for HWM in the course of the last twelve months was 47.71 with Quick ratio for the last quarter at 0.90.

HWM stock trade performance evaluation

Howmet Aerospace Inc. [HWM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.87. With this latest performance, HWM shares gained by 5.83% in over the last four-week period, additionally plugging by 25.25% over the last 6 months – not to mention a rise of 24.53% 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 58.66, with the RSI for the last a single of trading hit 59.55, and the three-weeks RSI is set at 58.06 for Howmet Aerospace Inc. [HWM]. The present Moving Average for the last 50 days of trading for this stock 37.25, while it was recorded at 39.02 for the last single week of trading, and 35.31 for the last 200 days.

Howmet Aerospace Inc. [HWM]: An insightful look at the core fundamentals

Howmet Aerospace Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 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 $15,054 million, or 93.60% of HWM stock, in the hands of institutional investors. The top three institutional holders of HWM stocks are: VANGUARD GROUP INC with ownership of 41,896,484, which is approximately 1.084% of the company’s market cap and around 0.68% of the total institutional ownership; BLACKROCK INC., holding 40,279,247 shares of the stock with an approximate value of $1.59 billion in HWM stocks shares; and ELLIOTT INVESTMENT MANAGEMENT L.P., currently with $1.42 billion in HWM stock with ownership of nearly -11.966% of the company’s market capitalization.

Positions in Howmet Aerospace Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 243 institutional holders increased their position in Howmet Aerospace Inc. [NYSE:HWM] by around 32,408,448 shares. Additionally, 211 investors decreased positions by around 28,240,062 shares, while 115 investors held positions by with 321,518,663 shares. The mentioned changes placed institutional holdings at 382,167,173 shares, according to the latest SEC report filing. HWM stock had 71 new institutional investments in for a total of 7,560,192 shares, while 45 institutional investors sold positions of 807,159 shares during the same period.

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