Howmet Aerospace Inc. (NYSE: HWM) is 12.37% higher on its value in year-to-date trading and has touched a low of $9.87 and a high of $32.96 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HWM stock was last observed hovering at around $31.82 in the last trading session, with the day’s gains setting it 0.25% off its average median price target of $36.00 for the next 12 months. It is also 19.82% off the consensus price target high of $40.00 offered by 11 analysts, but current levels are -0.22% lower than the price target low of $32.00 for the same period.
Currently trading at $32.07, the stock is 2.44% and 10.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.31 million and changing 0.79% at the moment leaves the stock 44.76% off its SMA200. HWM registered 156.56% gain for a year compared to 6-month gain of 86.13%. The firm has a 50-day simple moving average (SMA 50) of $30.36 and a 200-day simple moving average (SMA200) of $24.92.
The stock witnessed a 8.53% loss in the last 1 month and extending the period to 3 months gives it a 12.37%, and is 0.25% 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 2.42% over the week and 3.73% over the month.
Howmet Aerospace Inc. (HWM) has around 19700 employees, a market worth around $14.04B and $5.26B in sales. Current P/E ratio is 67.23 and Fwd P/E is 23.72. Profit margin for the company is 4.90%. Distance from 52-week low is 224.92% and -2.70% from its 52-week high. The company has generated returns on investments over the last 12 months (7.70%).
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”. 10 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 08/05/2021 and quarterly earnings per share for the current quarter are estimated at $0.19 with sales reaching $1.22B over the same period.The EPS is expected to grow by 65.70% this year, but quarterly earnings will post -0.30% year-over-year. Quarterly sales are estimated to shrink -25.10% in year-over-year returns.
Howmet Aerospace Inc. (HWM) Top Institutional Holders
638 institutions hold shares in Howmet Aerospace Inc. (HWM), with 2.25M shares held by insiders accounting for 0.52% while institutional investors hold 90.49% of the company’s shares. The shares outstanding are 432.00M, and float is at 431.28M with Short Float at 2.17%. Institutions hold 90.02% of the Float.
The top institutional shareholder in the company is Elliott Investment Management L.P. with over 41.57 million shares valued at $1.19 billion. The investor’s holdings represent 9.59% of the HWM Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 40.23 million shares valued at $1.15 billion to account for 9.28% of the shares outstanding. The other top investors are Blackrock Inc. which holds 36.13 million shares representing 8.33% and valued at over $1.03 billion, while Orbis Allan Gray Ltd holds 6.50% of the shares totaling 28.21 million with a market value of $804.98 million.
Howmet Aerospace Inc. (HWM) Insider Activity
A total of 15 insider transactions have happened at Howmet Aerospace Inc. (HWM) in the last six months, with sales accounting for 10 and purchases happening 5 times.