Howmet Aerospace Inc (HWM) concluded trading on Thursday at a closing price of $100.75, with 2.42 million shares of worth about $243.61 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 53.75% during that period and on October 03, 2024 the price saw a loss of about -0.53%. Currently the company’s common shares owned by public are about 409.91M shares, out of which, 403.43M shares are available for trading.
Stock saw a price change of 1.46% in past 5 days and over the past one month there was a price change of 6.78%. Year-to-date (YTD), HWM shares are showing a performance of 86.16% which increased to 121.33% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $42.94 but also hit the highest price of $102.13 during that period. The average intraday trading volume for Howmet Aerospace Inc shares is 2.67 million. The stock is currently trading 4.19% above its 20-day simple moving average (SMA20), while that difference is up 6.96% for SMA50 and it goes to 34.10% higher than SMA200.
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Howmet Aerospace Inc (NYSE: HWM) currently have 409.91M outstanding shares and institutions hold larger chunk of about 92.16% of that.
The stock has a current market capitalization of $41.12B and its 3Y-monthly beta is at 1.47. PE ratio of stock for trailing 12 months is 44.67, while it has posted earnings per share of $2.26 in the same period. Its PEG reads 1.57 and has Quick Ratio of 0.74 while making debt-to-equity ratio of 0.89. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HWM, volatility over the week remained 2.15% while standing at 2.18% over the month.
Stock’s fiscal year EPS is expected to rise by 39.87% while it is estimated to increase by 21.16% in next year. EPS is likely to grow at an annualized rate of 28.39% for next 5-years, compared to annual growth of 7.22% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BTIG Research on June 26, 2024 offering a Buy rating for the stock and assigned a target price of $95 to it. Coverage by RBC Capital Mkts stated Howmet Aerospace Inc (HWM) stock as an Outperform in their note to investors on March 18, 2024, suggesting a price target of $75 for the stock. On January 10, 2024, Truist Upgrade their recommendations, while on January 05, 2024, Bernstein Initiated their ratings for the stock with a price target of $67. Stock get a Neutral rating from UBS on October 11, 2023.
