Howmet Aerospace Inc. [NYSE: HWM] stock went on an upward path that rose over 2.71% on Tuesday, amounting to a one-week price decrease of less than -0.56%. The company report on February 14, 2023 that Howmet Aerospace Reports Fourth Quarter and Full Year 2022 Results.
Full Year 2022 Commercial Aerospace Revenue Up 28% year over year, Strong Profit and Cash Generation.
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Full Year 2022 $400 Million Share Repurchases, Doubled Common Stock Dividend in Fourth Quarter 2022.
Over the last 12 months, HWM stock rose by 13.49%. The one-year Howmet Aerospace Inc. stock forecast points to a potential upside of 13.08. The average equity rating for HWM stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $17.25 billion, with 413.00 million shares outstanding and 410.92 million shares in the current float. Compared to the average trading volume of 2.95M shares, HWM stock reached a trading volume of 5557684 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $46.65 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.
The Benchmark Company have made an estimate for Howmet Aerospace Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on February 15, 2023. The new note on the price target was released on October 12, 2022, representing the official price target for Howmet Aerospace Inc. stock. Previously, the target price had yet another raise to $44, while Wolfe Research analysts kept a Outperform rating on HWM stock.
The Average True Range (ATR) for Howmet Aerospace Inc. is set at 1.27, with the Price to Sales ratio for HWM stock in the period of the last 12 months amounting to 3.05. The Price to Book ratio for the last quarter was 4.72, with the Price to Cash per share for the same quarter was set at 1.86. Price to Free Cash Flow for HWM in the course of the last twelve months was 34.77 with Quick ratio for the last quarter at 1.00.
HWM Stock Performance Analysis:
Howmet Aerospace Inc. [HWM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.56. With this latest performance, HWM shares dropped by -5.74% in over the last four-week period, additionally plugging by 18.50% over the last 6 months – not to mention a rise of 13.49% 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 46.58, with the RSI for the last a single of trading hit 46.23, and the three-weeks RSI is set at 48.01 for Howmet Aerospace Inc. [HWM]. The present Moving Average for the last 50 days of trading for this stock 41.06, while it was recorded at 39.81 for the last single week of trading, and 36.91 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 +18.26 and a Gross Margin at +23.91. Howmet Aerospace Inc.’s Net Margin is presently recorded at +8.28.
Return on Total Capital for HWM is now 13.15, given the latest momentum, and Return on Invested Capital for the company is 5.99. Return on Equity for this stock inclined to 13.19, with Return on Assets sitting at 4.58. When it comes to the capital structure of this company, Howmet Aerospace Inc. [HWM] has a Total Debt to Total Equity ratio set at 118.77. Additionally, HWM Total Debt to Total Capital is recorded at 54.29, with Total Debt to Total Assets ending up at 41.71. Long-Term Debt to Equity for the company is recorded at 119.71, with the Long-Term Debt to Total Capital now at 53.88.
Reflecting on the efficiency of the workforce at the company, Howmet Aerospace Inc. [HWM] managed to generate an average of $21,916 per employee. Receivables Turnover for the company is 11.83 with a Total Asset Turnover recorded at a value of 0.55.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.
HWM Stock EPS
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 16.90%.
Howmet Aerospace Inc. [HWM] Insider Position Details
There are presently around $15,416 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 42,507,281, which is approximately 1.458% of the company’s market cap and around 0.68% of the total institutional ownership; BLACKROCK INC., holding 41,702,217 shares of the stock with an approximate value of $1.69 billion in HWM stocks shares; and ELLIOTT INVESTMENT MANAGEMENT L.P., currently with $1.41 billion in HWM stock with ownership of nearly -4.032% of the company’s market capitalization.
Positions in Howmet Aerospace Inc. stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 262 institutional holders increased their position in Howmet Aerospace Inc. [NYSE:HWM] by around 31,137,785 shares. Additionally, 238 investors decreased positions by around 31,628,430 shares, while 107 investors held positions by with 317,411,182 shares. The mentioned changes placed institutional holdings at 380,177,397 shares, according to the latest SEC report filing. HWM stock had 91 new institutional investments in for a total of 5,782,022 shares, while 62 institutional investors sold positions of 4,634,163 shares during the same period.