Howmet Aerospace (HWM) Stock Price, News & Analysis

Company Overview

Howmet Aerospace Inc. provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels. The Engine Products segment offers airfoils and seamless rolled rings primarily for aircraft engines and industrial gas turbines; and rotating and structural parts. The Fastening Systems segment produces aerospace fastening systems, as well as commercial transportation, industrial, and other fasteners; and latches, bearings, fluid fittings, and installation tools. The Engineered Structures segment provides titanium ingots and mill products, aluminum and nickel forgings, and machined components and assemblies for aerospace and defense applications; and titanium forgings, extrusions, and forming and machining services for airframe, wing, aero-engine, and landing gear components. The Forged Wheels segment offers forged aluminum wheels and related products for heavy-duty trucks and commercial transportation markets. The company was formerly known as Arconic Inc. Howmet Aerospace Inc. was founded in 1888 and is based in Pittsburgh, Pennsylvania.

Key Stats

• Today's Range: $110.22 to $112.52
• 50-Day Range: $99.72 to $120.12
• 52-Week Range: $52.56 to $120.71
• Volume: 578,084 shs
• Average Volume: 2.87 million shs
• Market Capitalization: $45.17 billion
• P/E Ratio: 42.44
• Dividend Yield: 0.29%
• Price Target: $115.59
• Consensus Rating: Moderate Buy

Howmet Aerospace Stock Analysis - MarketRank™

Howmet Aerospace scored higher than 79% of companies evaluated by MarketBeat, and ranked 18th out of 53 stocks in the aerospace sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Howmet Aerospace has received a consensus rating of Moderate Buy. The company's average rating score is 2.76, and is based on 14 buy ratings, 2 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Howmet Aerospace has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 18.80%

Earnings Growth

Earnings for Howmet Aerospace are expected to grow by 18.80% in the coming year, from $2.66 to $3.16 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Howmet Aerospace is 42.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.54.

Price to Earnings Ratio vs. Sector

The P/E ratio of Howmet Aerospace is 42.20, which means that it is trading at a more expensive P/E ratio than the Aerospace sector average P/E ratio of about 36.65.

Price to Earnings Growth Ratio

Howmet Aerospace has a PEG Ratio of 1.56. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Howmet Aerospace has a P/B Ratio of 11.43. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.11% of the float of Howmet Aerospace has been sold short.

Short Interest Ratio / Days to Cover

Howmet Aerospace has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Howmet Aerospace has recently increased by 4.18%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Howmet Aerospace has a dividend yield of 0.29%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Howmet Aerospace does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Howmet Aerospace is 12.21%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Howmet Aerospace will have a dividend payout ratio of 10.13% next year. This indicates that Howmet Aerospace will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -3.80

Percentage of Shares Shorted

2.11% of the float of Howmet Aerospace has been sold short.

Short Interest Ratio / Days to Cover

Howmet Aerospace has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Howmet Aerospace has recently increased by 4.18%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.76

News Sentiment

Howmet Aerospace has a news sentiment score of 0.76. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Aerospace companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Howmet Aerospace this week, compared to 10 articles on an average week.

Search Interest

Only 34 people have searched for HWM on MarketBeat in the last 30 days. This is a decrease of -36% compared to the previous 30 days.

MarketBeat Follows

27 people have added Howmet Aerospace to their MarketBeat watchlist in the last 30 days. This is an increase of 4% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Howmet Aerospace insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.12% of the stock of Howmet Aerospace is held by insiders.

Percentage Held by Institutions

90.46% of the stock of Howmet Aerospace is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HWM Stock Analysis - Frequently Asked Questions

How have HWM shares performed this year?

Howmet Aerospace's stock was trading at $54.12 at the start of the year. Since then, HWM stock has increased by 104.3% and is now trading at $110.56.
View the best growth stocks for 2024 here.

How were Howmet Aerospace's earnings last quarter?

Howmet Aerospace Inc. (NYSE:HWM) issued its quarterly earnings results on Tuesday, July, 30th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.07. The company's revenue was up 14.1% on a year-over-year basis.
Read the conference call transcript.

Who are Howmet Aerospace's major shareholders?

Howmet Aerospace's top institutional investors include Massachusetts Financial Services Co. MA (4.60%), JPMorgan Chase & Co. (4.36%), State Street Corp (4.29%) and FMR LLC (4.01%). Insiders that own company stock include Ken Giacobbe, Neil Edward Marchuk and Barbara Lou Shultz.
View institutional ownership trends.

How do I buy shares of Howmet Aerospace?

Shares of HWM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Howmet Aerospace own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Howmet Aerospace investors own include Humana (HUM), American Water Works (AWK), NVIDIA (NVDA), Voyager Therapeutics (VYGR), Waste Connections (WCN), TotalEnergies (TTE) and The RMR Group (RMR).

Company Calendar

• Last Earnings: 7/30/2024
• Ex-Dividend for 11/25 Dividend: 11/08/2024
• Dividend Payable: 11/25/2024
• Today: 12/27/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Aerospace
• Industry: Rolling, drawing, & extruding of nonferrous metals
• Sub-Industry: Steel Works
• Current Symbol: NYSE:HWM
• CUSIP: N/A
• CIK: 4281
• Web: www.howmet.com
• Phone: (412) 553-4545
• Fax: 412-553-4498
• Employees: 23,200
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $115.59
• High Stock Price Target: $144.00
• Low Stock Price Target: $70.00
• Potential Upside/Downside: +4.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.76
• Research Coverage: 17 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.62
• Trailing P/E Ratio: 42.20
• Forward P/E Ratio: 41.56
• P/E Growth: 1.56
• Net Income: $765 million
• Net Margins: 14.81%
• Pretax Margin: 17.34%
• Return on Equity: 24.50%
• Return on Assets: 9.72%

Debt

• Debt-to-Equity Ratio: 0.76
• Current Ratio: 2.24
• Quick Ratio: 0.98

Sales & Book Value

• Annual Sales: $7.27 billion
• Price / Sales: 6.18
• Cash Flow: $2.40 per share
• Price / Cash Flow: 46.05
• Book Value: $9.67 per share
• Price / Book: 11.43

Miscellaneous

• Outstanding Shares: 406,261,000
• Free Float: 401,711,000
• Market Cap: $44.92 billion
• Optionable: Optionable
• Beta: 1.48