Currently, there are 409.91M common shares owned by the public and among those 403.38M shares have been available to trade.
The company’s stock has a 5-day price change of -2.25% and 16.09% over the past three months. HWM shares are trading 44.49% year to date (YTD), with the 12-month market performance up to 68.72% higher. It has a 12-month low price of $42.94 and touched a high of $85.52 over the same period. HWM has an average intraday trading volume of 3.02 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.33%, 1.23%, and 29.26% respectively.
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Institutional ownership of Howmet Aerospace Inc (NYSE: HWM) shares accounts for 92.48% of the company’s 409.91M shares outstanding.
It has a market capitalization of $31.92B and a beta (3y monthly) value of 1.47. The stock’s trailing 12-month PE ratio is 37.76, while the earnings-per-share (ttm) stands at $2.07. The company has a PEG of 1.66 and a Quick Ratio of 0.92 with the debt-to-equity ratio at 0.94. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.28% over the week and 2.22% over the month.
Earnings per share for the fiscal year are expected to increase by 29.52%, and 20.71% over the next financial year. EPS should grow at an annualized rate of 22.75% over the next five years, compared to 7.22% over the past 5-year period.
Looking at the support for the HWM, a number of firms have released research notes about the stock. RBC Capital Mkts stated their Outperform rating for the stock in a research note on March 18, 2024, with the firm’s price target at $75. Truist coverage for the Howmet Aerospace Inc (HWM) stock in a research note released on January 10, 2024 offered a Buy rating with a price target of $74. Bernstein was of a view on January 05, 2024 that the stock is Outperform, while UBS gave the stock Neutral rating on October 11, 2023, issuing a price target of $51. Northcoast on their part issued Neutral rating on October 05, 2023.
