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Howmet Aerospace (HWM) Stock Price, News & Analysis

$63.69
+0.20 (+0.32%)
(As of 10:09 AM ET)
Today's Range
$63.48
$63.84
50-Day Range
$58.43
$69.37
52-Week Range
$42.17
$69.55
Volume
159,247 shs
Average Volume
3.34 million shs
Market Capitalization
$26.01 billion
P/E Ratio
34.80
Dividend Yield
0.31%
Price Target
$65.08

Howmet Aerospace MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.85 Rating Score
Upside/​Downside
2.5% Upside
$65.08 Price Target
Short Interest
Healthy
1.84% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.80
Upright™ Environmental Score
News Sentiment
0.73mentions of Howmet Aerospace in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$3.03 M Sold Last Quarter
Proj. Earnings Growth
22.02%
From $2.18 to $2.66 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.

3.63 out of 5 stars

Construction Sector

38th out of 101 stocks

Rolling, Drawing, & Extruding Of Nonferrous Metals Industry

2nd 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

“Forget Tesla, this is Elon’s Next Big Thing”
According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.
HWM.PR Howmet Aerospace Inc. PFD SER A
“Forget Tesla, this is Elon’s Next Big Thing”
According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.
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)
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
4/16/2024
Next Earnings (Confirmed)
5/02/2024
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
$65.08
High Stock Price Target
$75.00
Low Stock Price Target
$53.00
Potential Upside/Downside
+2.5%
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
$2.50 per share
Book Value
$9.67 per share

Miscellaneous

Free Float
403,360,000
Market Cap
$25.92 billion
Optionable
Optionable
Beta
1.43
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Key Executives

  • Mr. John C. Plant FCA (Age 70)
    Executive Chairman & CEO
    Comp: $7.34M
  • Mr. Kenneth J. Giacobbe (Age 58)
    Executive VP & CFO
    Comp: $1.99M
  • Ms. Lola Felice Lin (Age 49)
    Executive VP, Secretary, Chief Legal & Compliance Officer
    Comp: $1.79M
  • Mr. Neil E. Marchuk (Age 66)
    Executive VP & Chief Human Resources Officer
    Comp: $2.08M
  • Mr. Michael Niem Chanatry (Age 64)
    Executive VP & Chief Commercial Officer
    Comp: $1.37M
  • 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

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, showcasing a broad range of offerings across different sectors.
  • Recent developments in the aerospace industry have shown growth potential, which could positively impact Howmet Aerospace's business and stock price.
  • Strong historical performance and a long-standing presence in the aerospace and defense applications market provide a sense of stability and reliability for investors.
  • Howmet Aerospace's stock price has shown resilience and potential for growth, making it an attractive option for investors seeking capital appreciation.

Cons

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

  • Market volatility and economic uncertainties could impact the aerospace and transportation industries, affecting Howmet Aerospace's financial performance.
  • Intense competition within the aerospace sector may pose challenges for Howmet Aerospace in maintaining market share and profitability.
  • Dependency on global economic conditions and geopolitical factors could introduce risks to Howmet Aerospace's operations and revenue streams.
  • Regulatory changes and compliance requirements in the aerospace and defense sectors could increase operational costs for Howmet Aerospace.
  • Fluctuations in raw material prices, such as titanium and aluminum, could affect Howmet Aerospace's production costs and profit margins.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Howmet Aerospace pros and cons to contact@marketbeat.com.

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 year. 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 Wall Street 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 $65.08 in the next year. This suggests a possible upside of 2.5% from the stock's current price.
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 at the beginning of 2024. Since then, HWM stock has increased by 17.3% and is now trading at $63.48.
View the best growth stocks for 2024 here
.

Are investors shorting Howmet Aerospace?

Howmet Aerospace saw a increase in short interest in March. As of March 31st, there was short interest totaling 7,450,000 shares, an increase of 9.2% from the March 15th total of 6,820,000 shares. Based on an average daily trading volume, of 3,480,000 shares, the days-to-cover ratio is presently 2.1 days. Currently, 1.8% of the company's stock 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 Thursday, May 2nd 2024.
View our HWM earnings forecast
.

How can I listen to Howmet Aerospace's earnings call?

Howmet Aerospace will be holding an earnings conference call on Thursday, May 2nd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "7720277".

How were Howmet Aerospace's earnings last quarter?

Howmet Aerospace Inc. (NYSE:HWM) released its quarterly earnings data on Tuesday, February, 13th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.47 by $0.06. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.65 billion. Howmet Aerospace had a net margin of 11.52% and a trailing twelve-month return on equity of 20.12%. The firm's revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the business earned $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. Shareholders of record on Friday, February 9th will be given a dividend of $0.05 per share on Monday, February 26th. This represents a $0.20 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date 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 0.31%. 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 7.52% 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 earnings per share (EPS) guidance of 2.100-2.200 for the period, compared to the consensus earnings per share 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 many different institutional and retail investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.31%), Czech National Bank (0.02%), Procyon Advisors LLC (0.01%), Contravisory Investment Management Inc. (0.00%), Wealth Enhancement Advisory Services LLC (0.00%) and CWM LLC (0.00%). 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 4/16/2024 by MarketBeat.com Staff

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