Howmet Aerospace Inc. (NYSE: HWM) is 20.24% higher on its value in year-to-date trading and has touched a low of $8.72 and a high of $28.07 in the current 52-week trading range. The HWM stock was last observed hovering at around $27.97 in the last trading session, with the day’s gains setting it 0.39% off its average median price target of $30.00 for the next 12 months. It is also 16.59% off the consensus price target high of $34.00 offered by 11 analysts, but current levels are -9.08% lower than the price target low of $26.00 for the same period.
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Currently trading at $28.36, the stock is 7.82% and 23.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.68 million and changing 1.39% at the moment leaves the stock 67.03% off its SMA200. HWM registered 20.24% gain for a year compared to 6-month gain of 85.60%. The firm has a 50-day simple moving average (SMA 50) of $25.14 and a 200-day simple moving average (SMA200) of $18.95.
The stock witnessed a 20.89% loss in the last 1 month and extending the period to 3 months gives it a 69.62%, and is 7.18% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.93% over the week and 3.13% over the month.
Howmet Aerospace Inc. (HWM) has around 41700 employees, a market worth around $12.47B and $7.42B in sales. Current P/E ratio is 31.97 and Fwd P/E is 31.13. Profit margin for the company is 6.20%. Distance from 52-week low is 225.13% and 1.03% from its 52-week high. The company has generated returns on investments over the last 12 months (8.90%).
Howmet Aerospace Inc. (HWM) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Howmet Aerospace Inc. (HWM) is a “Buy”. 11 analysts offering their recommendations for the stock have an average rating of 2.00, where 1 rate it as a Hold and 0 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Howmet Aerospace Inc. is expected to release its quarterly report on 02/02/2021 and quarterly earnings per share for the current quarter are estimated at $0.17 with sales reaching $1.23B over the same period.The EPS is expected to shrink by -27.00% this year, but quarterly earnings will post -63.00% year-over-year. Quarterly sales are estimated to shrink -63.90% in year-over-year returns.
Howmet Aerospace Inc. (HWM) Top Institutional Holders
591 institutions hold shares in Howmet Aerospace Inc. (HWM), with 2.37M shares held by insiders accounting for 0.55% while institutional investors hold 90.73% of the company’s shares. The shares outstanding are 436.00M, and float is at 431.24M with Short Float at 1.60%. Institutions hold 90.23% of the Float.
The top institutional shareholder in the company is Elliott Investment Management L.P. with over 41.57 million shares valued at $694.98 million. The investor’s holdings represent 9.59% of the HWM Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 40.58 million shares valued at $678.52 million to account for 9.36% of the shares outstanding. The other top investors are Blackrock Inc. which holds 37.52 million shares representing 8.65% and valued at over $627.37 million, while Orbis Allan Gray Ltd holds 7.33% of the shares totaling 31.77 million with a market value of $531.14 million.