Howmet Aerospace Inc. (NYSE:HWM) saw an upside of 2.85% to close Monday at $50.45 after adding $1.4 on the day. The 5-day average trading volume is 4,431,900 shares of the company’s common stock. It has gained $50.66 in the past week and touched a new high 2 times within the past 5 days. An average of 2,816,570 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,775,212.
HWM’s 1-month performance is 2.13% or $1.05 on its low of $47.54 reached on 08/03/23. The company’s shares have touched a 52-week low of $30.59 and high of $51.34, with the stock’s rally to the 52-week high happening on 07/12/23. YTD, HWM has achieved 28.01% or $11.04 and has reached a new high 26 times. However, the current price is down -1.73% from the 52-week high price.
Insider Transactions
HWM stock investors last saw insider trading activity on Mar 06.Marchuk Neil Edward (EVP, HR) most recently sold 57,000 shares at $43.61 per share on Mar 06. This transaction cost the insider $2,485,576. Vice President and Controller, Shultz Barbara Lou, sold 4,627 shares at a price of $42.16 on Feb 23.
Valuation Metrics
HWM stock has a beta of 1.44. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.30 while the price-to-book (PB) in the most recent quarter is 5.60, with the price to cash flow ratio at 39.36.
Howmet Aerospace Inc.’s quick ratio for the recent period was 1.00, with the current ratio over the same period at 2.20. In terms of profitability, the gross margin trailing 12 months is 27.00%. The trailing 12-month EBITDA margin is 22.94%. The firm’s gross profit as reported stood at $1.56 billion against revenue of $5.66 billion.
Earnings Surprise
Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 23.83% to $193.0 million, while revenue of $147.0 million was 23.83% off the previous quarter. EBITDA for the quarter stood at more than $352.0 million. HWM stock balance sheet for the recent quarter shows that total liabilities totaled 6.46 billion, with total debt at $4.1 billion. Shareholders hold equity totaling $412.21 million.
Let’s look briefly at Howmet Aerospace Inc. (HWM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 58.32% to suggest the stock is trending Neutral, with historical volatility in this time period at 31.83%.
The stock’s 5-day moving average is $48.94, reflecting a -1.35% or -$0.69 change from its current price. HWM is currently trading +0.42% above its 20-day SMA, +23.71% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +16.67% and SMA200 by+50.10%.
Stochastic %K and %D was 46.21% and 29.84% and the average true range (ATR) pointed at 1.12. The RSI (14) points at 57.90%, while the 14-day stochastic is at 79.73% with the period’s ATR at 1.04. The stock’s 9-day MACD Oscillator is pointing at -0.43 and -0.58 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Howmet Aerospace Inc. (NYSE: HWM), Robert W. Baird launched coverage with an Outperform rating. Analysts offering their rating for HWM stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate HWM as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 14 have offered a “buy” rating.
What is HWM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $47.00 and a high of $61.00, with their median price target at $55.00. Looking at these predictions, the average price target given by analysts is for Howmet Aerospace Inc. (HWM) stock is $55.00.
