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S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?

Howmet Aerospace (HWM) Stock Price, News & Analysis

$68.08
+0.43 (+0.64%)
(As of 03/27/2024 ET)
Today's Range
$67.50
$68.28
50-Day Range
$55.19
$69.37
52-Week Range
$40.68
$69.55
Volume
2.05 million shs
Average Volume
3.38 million shs
Market Capitalization
$27.93 billion
P/E Ratio
37.20
Dividend Yield
0.29%
Price Target
$64.33

Howmet Aerospace MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.85 Rating Score
Upside/​Downside
5.5% Downside
$64.33 Price Target
Short Interest
Healthy
1.68% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.80
Upright™ Environmental Score
News Sentiment
0.54mentions of Howmet Aerospace in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$3.03 M Sold Last Quarter
Proj. Earnings Growth
24.42%
From $2.17 to $2.70 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.03 out of 5 stars

Construction Sector

27th out of 100 stocks

Rolling, Drawing, & Extruding Of Nonferrous Metals Industry

1st out of 6 stocks

HWM stock logo

About Howmet Aerospace Stock (NYSE:HWM)

Howmet Aerospace Inc. provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels. The Engine Products segment offers airfoils and seamless rolled rings primarily for aircraft engines and industrial gas turbines; and rotating and structural parts. The Fastening Systems segment produces aerospace fastening systems, as well as commercial transportation, industrial, and other fasteners; and latches, bearings, fluid fittings, and installation tools. The Engineered Structures segment provides titanium ingots and mill products, aluminum and nickel forgings, and machined components and assemblies for aerospace and defense applications; and titanium forgings, extrusions, and forming and machining services for airframe, wing, aero-engine, and landing gear components. The Forged Wheels segment offers forged aluminum wheels and related products for heavy-duty trucks and commercial transportation markets. The company was formerly known as Arconic Inc. Howmet Aerospace Inc. was founded in 1888 and is based in Pittsburgh, Pennsylvania.

HWM Stock Price History

HWM Stock News Headlines

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HWM.PR Howmet Aerospace Inc. PFD SER A
Warning: this could blow your mind
Buckle up… ‘Cause this might shatter everything you’ve heard about “income trading”. In fact, it’s such an extreme diversion from what most people think of typical income trades that I call it: The Perfect Income Trade You see, most of the income techniques out there target a couple of percent. Maybe 5 - 10 percent if you’re lucky. But this new way of trading income on the world’s top stocks goes after more than 10x that kind of return. And here’s the best news of all: This trade can target an opportunity like that every week. Every single week. Meaning an investor has the chance to “stack up” these more aggressive income trades over and over. If that sounds interesting…
HWM Apr 2024 62.500 call
HWM Nov 2024 62.500 call
HWM May 2024 65.000 call
HWM Apr 2024 75.000 call
Alcoa Offers to Buy Australia’s Alumina for $2.2 Billion
HWM Jul 2024 60.000 put
Howmet Aerospace Inc (HWM)
HWM Apr 2024 65.000 put
See More Headlines
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Company Calendar

Ex-Dividend for 2/26 Dividend
2/08/2024
Last Earnings
2/13/2024
Dividend Payable
2/26/2024
Today
3/27/2024
Next Earnings (Estimated)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Rolling, drawing, & extruding of nonferrous metals
Sub-Industry
N/A
CIK
4281
Employees
23,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$64.33
High Stock Price Target
$75.00
Low Stock Price Target
$53.00
Potential Upside/Downside
-5.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.85
Research Coverage
13 Analysts

Profitability

Net Income
$765 million
Pretax Margin
14.68%

Debt

Sales & Book Value

Annual Sales
$6.64 billion
Cash Flow
$2.55 per share
Book Value
$9.67 per share

Miscellaneous

Free Float
405,257,000
Market Cap
$27.93 billion
Optionable
Optionable
Beta
1.43
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Key Executives

  • Mr. John C. Plant FCA (Age 70)
    Executive Chairman & CEO
    Comp: $1.75M
  • Mr. Kenneth J. Giacobbe (Age 58)
    Executive VP & CFO
    Comp: $1.05M
  • Ms. Lola Felice Lin (Age 49)
    Executive VP, Corporate Secretary, Chief Legal & Compliance Officer
    Comp: $943.19k
  • Mr. Neil E. Marchuk (Age 66)
    Executive VP, CHRO & President Engineered Structures
    Comp: $1.36M
  • Mr. Michael Niem Chanatry (Age 64)
    Executive VP & Chief Commercial Officer
    Comp: $1.01M
  • Mr. Paul Thomas Luther Jr.
    Vice President of Investor Relations
  • Mr. Randall Scheps (Age 56)
    President of Forged Wheels
  • Ms. Margaret S. Lam Esq.
    Assistant Secretary, Associate General Counsel and Chief Securities & Governance Counsel
  • Mr. Merrick Murphy
    President of the Engine Products Segment
  • Mr. Vagner Finelli
    President of Howmet Fastening Systems

Should I Buy Howmet Aerospace Stock? HWM Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Howmet Aerospace was last updated on Tuesday, March 26, 2024 at 10:55 PM.

Pros

Here are some ways that investors could benefit from investing in Howmet Aerospace Inc.:

  • Howmet Aerospace provides advanced engineered solutions for the aerospace and transportation industries in multiple countries, indicating a diversified market presence.
  • The company operates through four segments, including Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels, offering a wide range of products and services to different sectors within the aerospace and transportation industries.
  • Recent financial reports show positive growth trends, with revenue and profitability increasing steadily over the past quarters, reflecting a strong financial performance.
  • Howmet Aerospace's stock price has shown resilience in the face of market fluctuations, demonstrating stability and potential for long-term growth.
  • The company's focus on providing solutions for aerospace and defense applications positions it well to benefit from the increasing demand in these sectors.

Cons

Investors should be bearish about investing in Howmet Aerospace Inc. for these reasons:

  • Despite the positive growth trends, the company faces competition from other major players in the aerospace and transportation industries, which could impact its market share and profitability.
  • Fluctuations in raw material prices, such as nonferrous metals like titanium and aluminum, could affect Howmet Aerospace's production costs and margins, leading to financial challenges.
  • The global economic uncertainty and geopolitical tensions may impact the demand for aerospace and transportation solutions, potentially affecting Howmet Aerospace's revenue streams.
  • Investing in aerospace and defense-related companies carries inherent risks due to regulatory changes, geopolitical factors, and technological advancements that could impact the industry landscape.
  • Market volatility and macroeconomic factors could influence investor sentiment towards Howmet Aerospace's stock, leading to fluctuations in its share price.

HWM Stock Analysis - Frequently Asked Questions

Should I buy or sell Howmet Aerospace stock right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Howmet Aerospace in the last twelve months. There are currently 2 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" HWM shares.
View HWM analyst ratings
or view top-rated stocks.

What is Howmet Aerospace's stock price target for 2024?

13 equities research analysts have issued 12-month price objectives for Howmet Aerospace's shares. Their HWM share price targets range from $53.00 to $75.00. On average, they predict the company's stock price to reach $64.33 in the next twelve months. This suggests that the stock has a possible downside of 5.5%.
View analysts price targets for HWM
or view top-rated stocks among Wall Street analysts.

How have HWM shares performed in 2024?

Howmet Aerospace's stock was trading at $54.12 on January 1st, 2024. Since then, HWM shares have increased by 25.8% and is now trading at $68.08.
View the best growth stocks for 2024 here
.

Are investors shorting Howmet Aerospace?

Howmet Aerospace saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 6,820,000 shares, an increase of 36.7% from the February 29th total of 4,990,000 shares. Based on an average daily volume of 3,230,000 shares, the short-interest ratio is currently 2.1 days. Approximately 1.7% of the company's shares are sold short.
View Howmet Aerospace's Short Interest
.

When is Howmet Aerospace's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our HWM earnings forecast
.

How were Howmet Aerospace's earnings last quarter?

Howmet Aerospace Inc. (NYSE:HWM) issued its quarterly earnings data on Tuesday, February, 13th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.06. The business earned $1.73 billion during the quarter, compared to analysts' expectations of $1.65 billion. Howmet Aerospace had a trailing twelve-month return on equity of 20.12% and a net margin of 11.52%. The company's revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 earnings per share.
Read the conference call transcript
.

How often does Howmet Aerospace pay dividends? What is the dividend yield for Howmet Aerospace?

Howmet Aerospace announced a quarterly dividend on Thursday, January 25th. Investors of record on Friday, February 9th will be paid a dividend of $0.05 per share on Monday, February 26th. This represents a $0.20 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend is Thursday, February 8th.
Read our dividend analysis for HWM
.

Is Howmet Aerospace a good dividend stock?

Howmet Aerospace (NYSE:HWM) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.30%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 10.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HWM will have a dividend payout ratio of 7.41% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HWM.

What guidance has Howmet Aerospace issued on next quarter's earnings?

Howmet Aerospace updated its FY 2024 earnings guidance on Tuesday, February, 13th. The company provided EPS guidance of 2.100-2.200 for the period, compared to the consensus EPS estimate of 2.170. The company issued revenue guidance of $7.0 billion-$7.2 billion, compared to the consensus revenue estimate of $7.1 billion.

What other stocks do shareholders of Howmet Aerospace own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Howmet Aerospace investors own include Arconic (ARNC), AT&T (T), Alcoa (AA), General Electric (GE), Intel (INTC), Boeing (BA), Bank of America (BAC), Cisco Systems (CSCO), CVS Health (CVS) and Chevron (CVX).

Who are Howmet Aerospace's major shareholders?

Howmet Aerospace's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.99%), Vanguard Group Inc. (11.03%), Massachusetts Financial Services Co. MA (5.61%), Boston Partners (3.73%), Price T Rowe Associates Inc. MD (2.67%) and Norges Bank (2.28%). Insiders that own company stock include Barbara Lou Shultz, Ken Giacobbe and Neil Edward Marchuk.
View institutional ownership trends
.

How do I buy shares of Howmet Aerospace?

Shares of HWM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:HWM) was last updated on 3/28/2024 by MarketBeat.com Staff

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