Currently, there are 409.91M common shares owned by the public and among those 406.82M shares have been available to trade.
Insiders at the company have transacted a total of 39 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 27 of these insider trades were purchases, accounting for 3,100,719 shares. Insider sales of the common stock occurred on 12 occasions, with total insider shares sold totaling 1,566,096 shares.
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The company’s stock has a 5-day price change of 6.08% and 25.09% over the past three months. HWM shares are trading 14.52% year to date (YTD), with the 12-month market performance up to 52.96% higher. It has a 12-month low price of $38.17 and touched a high of $59.42 over the same period. HWM has an average intraday trading volume of 2.32 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.43%, 13.13%, and 26.09% respectively.
Institutional ownership of Howmet Aerospace Inc (NYSE: HWM) shares accounts for 90.68% of the company’s 409.91M shares outstanding.
It has a market capitalization of $25.52B and a beta (3y monthly) value of 1.41. The stock’s trailing 12-month PE ratio is 33.77, while the earnings-per-share (ttm) stands at $1.84. The company has a PEG of 1.58 and a Quick Ratio of 0.87 with the debt-to-equity ratio at 0.92. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.09% over the week and 1.85% over the month.
Analysts forecast that Howmet Aerospace Inc (HWM) will achieve an EPS of $iShares Russell 2000 ETF for the current quarter, $194.61 for the next quarter and $ETF for Type. The lowest estimate earnings-per-share for the quarter is $Humana Inc. while analysts give the company a high EPS estimate of $Howmet Aerospace Inc.. Comparatively, EPS for the current quarter was $Hudbay Minerals Inc. a year ago. Earnings per share for the fiscal year are expected to increase by 18.42%, and 21.52% over the next financial year. EPS should grow at an annualized rate of 21.39% over the next five years, compared to 7.17% over the past 5-year period.
Looking at the support for the HWM, a number of firms have released research notes about the stock. Truist stated their Buy rating for the stock in a research note on January 10, 2024, with the firm’s price target at $47-$74.
