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: $97.23 to $98.97
• 50-Day Range: $77.86 to $98.63
• 52-Week Range: $42.94 to $98.97
• Volume: 2.08 million shs
• Average Volume: 3.10 million shs
• Market Capitalization: $40.26 billion
• P/E Ratio: 47.65
• Dividend Yield: 0.32%
• Price Target: $90.67
• Consensus Rating: Moderate Buy

Howmet Aerospace Stock Analysis - MarketRank™

Howmet Aerospace scored higher than 83% of companies evaluated by MarketBeat, and ranked 26th out of 98 stocks in the construction 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 2.80, and is based on 13 buy ratings, 1 hold rating, and 1 sell rating.

Amount of Analyst Coverage

Howmet Aerospace has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 22.01%

Earnings Growth

Earnings for Howmet Aerospace are expected to grow by 22.01% in the coming year, from $2.59 to $3.16 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Howmet Aerospace is 47.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.21.

Price to Earnings Ratio vs. Sector

The P/E ratio of Howmet Aerospace is 47.65, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 25.17.

Price to Earnings Growth Ratio

Howmet Aerospace has a PEG Ratio of 1.41. 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 10.20. 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 2.9, 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 6.52%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Howmet Aerospace has a dividend yield of 0.33%, 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 15.46%. 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 2.9, 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 6.52%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.14

News Sentiment

Howmet Aerospace has a news sentiment score of 1.14. 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 0.61 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Howmet Aerospace this week, compared to 7 articles on an average week.

Search Interest

Only 20 people have searched for HWM on MarketBeat in the last 30 days. This is a decrease of -39% compared to the previous 30 days.

MarketBeat Follows

Only 11 people have added Howmet Aerospace to their MarketBeat watchlist in the last 30 days. This is a decrease of -21% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

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.

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 82.2% and is now trading at $98.63.
View the best growth stocks for 2024 here.

How were Howmet Aerospace's earnings last quarter?

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

Who are Howmet Aerospace's major shareholders?

Howmet Aerospace's top institutional shareholders include Massachusetts Financial Services Co. MA (4.86%), Bank of New York Mellon Corp (1.50%), Lone Pine Capital LLC (0.90%) and TD Asset Management Inc (0.77%). 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 Arconic (ARNC), AT&T (T), Alcoa (AA), General Electric (GE), Intel (INTC), Boeing (BA) and Bank of America (BAC).

Company Calendar

• Last Earnings: 7/30/2024
• Ex-Dividend for 8/26 Dividend: 8/09/2024
• Dividend Payable: 8/26/2024
• Today: 9/23/2024
• Next Earnings (Estimated): 11/07/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Construction
• 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: $90.67
• High Stock Price Target: $115.00
• Low Stock Price Target: $59.00
• Potential Upside/Downside: -8.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.80
• Research Coverage: 15 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.07
• Trailing P/E Ratio: 47.65
• Forward P/E Ratio: 38.08
• P/E Growth: 1.41
• Net Income: $765 million
• Net Margins: 13.15%
• Pretax Margin: 16.20%
• Return on Equity: 23.02%
• Return on Assets: 8.87%

Debt

• Debt-to-Equity Ratio: 0.68
• Current Ratio: 1.53
• Quick Ratio: 0.74

Sales & Book Value

• Annual Sales: $7.09 billion
• Price / Sales: 5.68
• Cash Flow: $2.64 per share
• Price / Cash Flow: 37.32
• Book Value: $9.67 per share
• Price / Book: 10.20

Miscellaneous

• Outstanding Shares: 408,183,000
• Free Float: 403,611,000
• Market Cap: $40.26 billion
• Optionable: Optionable
• Beta: 1.46