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Positives for Howmet Aerospace Inc (HWM) as stock gains in recent trading

Howmet Aerospace Inc (NYSE: HWM) is 20.58% higher on its value in year-to-date trading and has touched a low of $41.40 and a high of $69.55 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 $66.11 in the last trading session, with the day’s loss setting it -0.85%.

Currently trading at $65.26, the stock is -2.95% and 3.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.96 million and changing -1.29% at the moment leaves the stock 23.72% off its SMA200. HWM registered 55.60% gain for a year compared to 6-month gain of 41.10%. The firm has a 50-day simple moving average (SMA 50) of $4.53 and a 200-day simple moving average (SMA200) of $20.52.

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The stock witnessed a -2.60% loss in the last 1 month and extending the period to 3 months gives it a 20.58%, and is -3.12% down 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 1.83% over the week and 1.83% over the month.

Howmet Aerospace Inc (HWM) has around 23200 employees, a market worth around $26.78B and $6.64B in sales. Current P/E ratio is 35.56 and Fwd P/E is 24.45. Profit margin for the company is 11.49%. Distance from 52-week low is 57.63% and -6.17% from its 52-week high. The company has generated returns on investments over the last 12 months (9.99%).

Howmet Aerospace Inc quarterly earnings per share for the current quarter are estimated at $0.52 with sales reaching $1.74B over the same period.The EPS is expected to grow by 19.97% this year, but quarterly earnings will post 7.80% year-over-year. Quarterly sales are estimated to grow 16.90% in year-over-year returns.

Howmet Aerospace Inc (HWM) Top Institutional Holders

947 institutions hold shares in Howmet Aerospace Inc (HWM), with institutional investors hold 93.90% of the company’s shares. The shares outstanding are 409.91M, and float is at 405.38M with Short Float at 1.68%. Institutions hold 92.81% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 43.9 million shares valued at $2.18 billion. The investor’s holdings represent 10.65% of the HWM Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 37.92 million shares valued at $1.88 billion to account for 9.20% of the shares outstanding. The other top investors are Massachusetts Financial Services Co. which holds 22.61 million shares representing 5.49% and valued at over $1.12 billion, while Janus Henderson Group PLC holds 4.61% of the shares totaling 18.99 million with a market value of $941.23 million.

Howmet Aerospace Inc (HWM) Insider Activity

The most recent transaction is an insider sale by Marchuk Neil Edward,the company’sEVP, HR. SEC filings show that Marchuk Neil Edward sold 45,000 shares of the company’s common stock on Mar 04 ’24 at a price of $67.44 per share for a total of $3.03 million. Following the sale, the insider now owns 0.23 million shares.

Howmet Aerospace Inc disclosed in a document filed with the SEC on Aug 09 ’23 that Marchuk Neil Edward (EVP, HR) sold a total of 80,000 shares of the company’s common stock. The trade occurred on Aug 09 ’23 and was made at $50.06 per share for $4.0 million. Following the transaction, the insider now directly holds 0.26 million shares of the HWM stock.

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