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NYSE:HWM

Howmet Aerospace (HWM) Stock Price, News & Analysis

Howmet Aerospace logo
$100.03
+0.31 (+0.31%)
(As of 11/1/2024 ET)

About Howmet Aerospace Stock (NYSE:HWM)

Key Stats

Today's Range
$99.80
$101.00
50-Day Range
$91.47
$106.33
52-Week Range
$47.72
$106.93
Volume
1.52 million shs
Average Volume
2.95 million shs
Market Capitalization
$40.83 billion
P/E Ratio
44.26
Dividend Yield
0.32%
Price Target
$101.50
Consensus Rating
Moderate Buy

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.

Howmet Aerospace Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
88th Percentile Overall Score

HWM MarketRank™: 

Howmet Aerospace scored higher than 88% of companies evaluated by MarketBeat, and ranked 8th out of 50 stocks in the aerospace sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Howmet Aerospace has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 13 buy ratings, 2 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Howmet Aerospace has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Howmet Aerospace's stock forecast and price target.
  • Earnings Growth

    Earnings for Howmet Aerospace are expected to grow by 20.08% in the coming year, from $2.59 to $3.11 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Howmet Aerospace is 44.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.86.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Howmet Aerospace is 44.26, which means that it is trading at a more expensive P/E ratio than the Aerospace sector average P/E ratio of about 25.53.

  • Price to Earnings Growth Ratio

    Howmet Aerospace has a PEG Ratio of 1.47. 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 10.34. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Howmet Aerospace's valuation and earnings.
  • Percentage of Shares Shorted

    1.96% 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 3.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Howmet Aerospace has recently decreased by 4.93%, indicating that investor sentiment is improving.
  • Dividend Yield

    Howmet Aerospace has a dividend yield of 0.32%, 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 14.16%. 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 10.29% next year. This indicates that Howmet Aerospace will be able to sustain or increase its dividend.

  • Read more about Howmet Aerospace's dividend.
  • Percentage of Shares Shorted

    1.96% 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 3.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Howmet Aerospace has recently decreased by 4.93%, indicating that investor sentiment is improving.
  • News Sentiment

    Howmet Aerospace has a news sentiment score of 0.85. 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 0.45 average news sentiment score of Aerospace companies.
  • News Coverage This Week

    MarketBeat has tracked 17 news articles for Howmet Aerospace this week, compared to 8 articles on an average week.
  • Search Interest

    60 people have searched for HWM on MarketBeat in the last 30 days. This is an increase of 400% compared to the previous 30 days.
  • MarketBeat Follows

    25 people have added Howmet Aerospace to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Howmet Aerospace insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $21,808,662.00 in 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.

  • Read more about Howmet Aerospace's insider trading history.
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HWM Stock News Headlines

Howmet Aerospace (HWM) Scheduled to Post Earnings on Wednesday
625,000% Gain
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Brokers Issue Forecasts for HWM FY2025 Earnings
Keybanc Downgrades Howmet Aerospace (HWM)
See More Headlines

HWM Stock Analysis - Frequently Asked Questions

Howmet Aerospace's stock was trading at $54.12 at the start of the year. Since then, HWM shares have increased by 84.8% and is now trading at $100.03.
View the best growth stocks for 2024 here
.

Howmet Aerospace Inc. (NYSE:HWM) posted its quarterly earnings results on Tuesday, July, 30th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.60 by $0.07. Howmet Aerospace's revenue was up 14.1% compared to the same quarter last year.
Read the conference call transcript
.

Top institutional shareholders of Howmet Aerospace include Congress Asset Management Co. (0.31%), Hardman Johnston Global Advisors LLC (0.25%), National Pension Service (0.15%) and Assenagon Asset Management S.A. (0.14%). Insiders that own company stock include Ken Giacobbe, Neil Edward Marchuk and Barbara Lou Shultz.
View institutional ownership trends
.

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.

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 8/26 Dividend
8/09/2024
Dividend Payable
8/26/2024
Today
11/01/2024
Next Earnings (Confirmed)
11/06/2024
Ex-Dividend for 11/25 Dividend
11/08/2024
Dividend Payable
11/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Aerospace
Industry
Rolling, drawing, & extruding of nonferrous metals
Sub-Industry
Steel Works
CIK
4281
Employees
23,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$101.50
High Stock Price Target
$127.00
Low Stock Price Target
$66.00
Potential Upside/Downside
+1.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
16 Analysts

Profitability

Net Income
$765 million
Pretax Margin
16.20%

Debt

Sales & Book Value

Annual Sales
$6.64 billion
Cash Flow
$2.49 per share
Book Value
$9.67 per share

Miscellaneous

Free Float
403,576,000
Market Cap
$40.83 billion
Optionable
Optionable
Beta
1.46
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This page (NYSE:HWM) was last updated on 11/2/2024 by MarketBeat.com Staff
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