Howmet Aerospace Inc (NYSE: HWM) is 27.45% higher on its value in year-to-date trading and has touched a low of $62.70 and a high of $137.41 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 $136.67 in the last trading session, with the day’s gains setting it 2.72%.
Currently trading at $139.39, the stock is 8.48% and 16.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.9 million and changing 1.99% at the moment leaves the stock 39.15% off its SMA200. HWM registered 120.31% gain for a year compared to 6-month gain of 45.47%.
The stock witnessed a 11.25% loss in the last 1 month and extending the period to 3 months gives it a 23.11%, and is 7.79% 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 3.53% over the week and 2.38% over the month.
Howmet Aerospace Inc (HWM) has around 23200 employees, a market worth around $56.46B and $7.43B in sales. Current P/E ratio is 49.57 and Fwd P/E is 35.09. Profit margin for the company is 15.52%. Distance from 52-week low is 122.31% and 1.44% from its 52-week high. The company has generated returns on investments over the last 12 months (14.66%).
with sales reaching $1.95B over the same period.The EPS is expected to grow by 20.87% this year, but quarterly earnings will post 9.08% year-over-year. Quarterly sales are estimated to grow 6.77% in year-over-year returns.
The shares outstanding are 405.00M, and float is at 400.12M with Short Float at 2.25%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 45.36 million shares valued at $3.52 billion. The investor’s holdings represent 11.0645 of the HWM Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 42.39 million shares valued at $3.29 billion to account for 10.339 of the shares outstanding. The other top investors are MASSACHUSETTS FINANCIAL SERVICES CO /MA/ which holds 19.85 million shares representing 4.8641 and valued at over $1.54 billion, while STATE STREET CORP holds 4.16 of the shares totaling 17.06 million with a market value of $1.32 billion.
Howmet Aerospace Inc (HWM) Insider Activity
Howmet Aerospace Inc disclosed in a document filed with the SEC on Aug 23 ’24 that Marchuk Neil Edward (EVP, HR) sold a total of 70,637 shares of the company’s common stock. The trade occurred on Aug 23 ’24 and was made at $96.94 per share for $6.85 million. Following the transaction, the insider now directly holds 92687.0 shares of the HWM stock.
Still, SEC filings show that on Aug 22 ’24, Giacobbe Ken (EVP and CFO) disposed off 154,909 shares at an average price of $96.58 for $14.96 million. The insider now directly holds 155,135 shares of Howmet Aerospace Inc (HWM).
