Howmet Aerospace (HWM) Stock Price, News & Analysis

$77.07
+10.29 (+15.41%)
(As of 12:27 PM ET)
Today's Range
$73.92
$77.88
50-Day Range
$62.93
$69.37
52-Week Range
$42.17
$77.88
Volume
4.41 million shs
Average Volume
3.39 million shs
Market Capitalization
$31.47 billion
P/E Ratio
42.11
Dividend Yield
0.26%
Price Target
$66.00

Howmet Aerospace MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
13.3% Downside
$66.00 Price Target
Short Interest
Healthy
1.96% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.80
Upright™ Environmental Score
News Sentiment
0.83mentions of Howmet Aerospace in the last 14 days
Based on 19 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.

4.06 out of 5 stars

Construction Sector

26th out of 93 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

5 Aerospace & Defense Stocks Ready for Liftoff
https://www.marketbeat.com/stocks/NYSE/HWM/Year-to-date, the industrials sector has demonstrated significant outperformance, surging by over 7% compared to the benchmark SPY ETF, which has seen a more modest increase of just over 5.6%.
5 Aerospace & Defense Stocks Ready for Liftoff (HWM)
The industrial sector has surged almost 7% YTD, outpacing the overall market's 5.6% increase, with aerospace & defense leading amid uncertainties.
Have You Seen Elon’s New A.I. Device? (Picture Inside)
A strange new era for mankind is upon us... And it's all thanks to Elon Musk's latest creation. Click here to see this strange device you could be wearing some day. Elon believes A.I. is advancing so fast...
Have You Seen Elon’s New A.I. Device? (Picture Inside)
A strange new era for mankind is upon us... And it's all thanks to Elon Musk's latest creation. Click here to see this strange device you could be wearing some day. Elon believes A.I. is advancing so fast...
Howmet Aerospace earnings preview: what to expect
Howmet Aerospace Inc. (HWM)
Howmet Aerospace (HWM) to Release Earnings on Thursday
Benchmark Co. Reaffirms Their Buy Rating on Howmet Aerospace (HWM)
Howmet Aerospace Inc HWM
HWM.PR Howmet Aerospace Inc. PFD SER A
HWM Apr 2024 62.500 call
See More Headlines
Receive HWM Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Howmet Aerospace and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 2/26 Dividend
2/08/2024
Last Earnings
2/13/2024
Dividend Payable
2/26/2024
Today
5/02/2024
Next Earnings (Confirmed)
5/02/2024
Ex-Dividend for 5/28 Dividend
5/09/2024
Dividend Payable
5/28/2024
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
$66.00
High Stock Price Target
$77.00
Low Stock Price Target
$53.00
Potential Upside/Downside
-1.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
14 Analysts

Profitability

Net Income
$765 million
Pretax Margin
14.68%

Debt

Sales & Book Value

Annual Sales
$6.64 billion
Cash Flow
$2.52 per share
Book Value
$9.67 per share

Miscellaneous

Free Float
403,809,000
Market Cap
$27.25 billion
Optionable
Optionable
Beta
1.41
A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for May 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

Get This Free Report

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?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Howmet Aerospace in the last year. There are currently 2 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street 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?

14 brokers have issued 1-year price targets for Howmet Aerospace's shares. Their HWM share price targets range from $53.00 to $77.00. On average, they expect the company's stock price to reach $66.00 in the next twelve months. This suggests that the stock has a possible downside of 13.3%.
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 40.6% and is now trading at $76.10.
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 trading volume of 3,480,000 shares, the short-interest ratio is presently 2.1 days. Approximately 1.8% of the company's shares are short sold.
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 were Howmet Aerospace's earnings last quarter?

Howmet Aerospace Inc. (NYSE:HWM) posted its quarterly earnings data on Tuesday, February, 13th. The company reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.06. The firm 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 business's quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 EPS.
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, April 25th. Investors of record on Friday, May 10th will be paid a dividend of $0.05 per share on Tuesday, May 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date is Thursday, May 9th.
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 7.52% 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 FY24 earnings guidance on Thursday, May, 2nd. The company provided earnings per share (EPS) guidance of $2.31-2.39 for the period, compared to the consensus estimate of $2.21. The company issued revenue guidance of $7.225-7.375 billion, compared to the consensus revenue estimate of $7.14 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 number of retail and institutional investors. Top institutional shareholders include Bank of New York Mellon Corp (1.51%), Mirae Asset Global Investments Co. Ltd. (0.47%), Los Angeles Capital Management LLC (0.31%), Sumitomo Mitsui Trust Holdings Inc. (0.24%), Principal Financial Group Inc. (0.16%) and Raymond James & Associates (0.12%). 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 5/2/2024 by MarketBeat.com Staff

From Our Partners