Howmet Aerospace Inc [HWM] Is Currently 0.50 below its 200 Period Moving Avg: What Does This Mean?

Howmet Aerospace Inc [NYSE: HWM] price surged by 0.50 percent to reach at $0.28. The company report on January 25, 2024 at 7:15 AM that Howmet Aerospace Board Approves Common and Preferred Stock Dividends.

The Board of Directors of Howmet Aerospace (NYSE:HWM) declared (a) a dividend of 5 cents per share on the outstanding Common Stock of the Company, to be paid on February 26, 2024, to the holders of record of the Common Stock at the close of business on February 9, 2024; and (b) 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 April 1, 2024 to the holders of record of the Class A Stock at the close of business on March 15, 2024.

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The one-year HWM stock forecast points to a potential upside of 9.18. The average equity rating for HWM stock is currently 1.55, 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 $61.95 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 1.55. 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 Buy, with their previous recommendation back on January 10, 2024.

The Average True Range (ATR) for Howmet Aerospace Inc is set at 0.95, with the Price to Sales ratio for HWM stock in the period of the last 12 months amounting to 3.61. The Price to Book ratio for the last quarter was 6.07, with the Price to Cash per share for the same quarter was set at 1.03. Price to Free Cash Flow for HWM in the course of the last twelve months was 33.62 with Quick ratio for the last quarter at 0.94.

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 -0.14. With this latest performance, HWM shares gained by 3.95% in over the last four-week period, additionally plugging by 14.84% over the last 6 months – not to mention a rise of 39.99% 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 61.83, with the RSI for the last a single of trading hit 62.78, and the three-weeks RSI is set at 61.65 for Howmet Aerospace Inc [HWM]. The present Moving Average for the last 50 days of trading for this stock 53.76, while it was recorded at 55.74 for the last single week of trading, and 48.54 for the last 200 days.

Insight into Howmet Aerospace Inc Fundamentals:

Howmet Aerospace Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.94 and a Current Ratio set at 2.14.

HWM Stock EPS

With the latest financial reports released by the company, Howmet Aerospace Inc posted 0.38/share EPS, while the average EPS was predicted by analysts to be reported at 0.38/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 21.39%.

Howmet Aerospace Inc [HWM] Institutonal Ownership Details

The top three institutional holders of HWM stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in HWM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in HWM stock with ownership which is approximately 5.8325%.