Currently, there are 409.91M common shares owned by the public and among those 403.51M shares have been available to trade.
The company’s stock has a 5-day price change of 1.27% and 30.96% over the past three months. HWM shares are trading 52.27% year to date (YTD), with the 12-month market performance up to 65.12% 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 3.00 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 4.21%, 1.44%, and 29.62% respectively.
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Institutional ownership of Howmet Aerospace Inc (NYSE: HWM) shares accounts for 92.32% of the company’s 409.91M shares outstanding.
It has a market capitalization of $33.64B and a beta (3y monthly) value of 1.46. The stock’s trailing 12-month PE ratio is 39.79, while the earnings-per-share (ttm) stands at $2.07. The company has a PEG of 1.73 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 2.78% over the week and 2.31% over the month.
Earnings per share for the fiscal year are expected to increase by 29.91%, and 20.38% over the next financial year. EPS should grow at an annualized rate of 23.04% 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. BTIG Research stated their Buy rating for the stock in a research note on June 26, 2024, with the firm’s price target at $95. RBC Capital Mkts coverage for the Howmet Aerospace Inc (HWM) stock in a research note released on March 18, 2024 offered a Outperform rating with a price target of $75. Truist was of a view on January 10, 2024 that the stock is Buy, while Bernstein gave the stock Outperform rating on January 05, 2024, issuing a price target of $67. UBS on their part issued Neutral rating on October 11, 2023.
