As of Friday close, Howmet Aerospace Inc.’s (NYSE:HWM) stock was down -$0.27, moving down -0.59 percent to $45.80. The average number of shares traded per day over the past five days has been 2,211,960 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.88 fall in that time frame. In the last twenty days, the average volume was 2,532,010, while in the previous 50 days, it was 2,563,764.
Since last month, HWM stock retreated -6.80%. Shares of the company fell to $45.67 on 09/22/23, the lowest level in the past month. A 52-week high of $51.34 was reached on 07/12/23 after having rallying from a 52-week low of $30.59. Since the beginning of this year, HWM’s stock price has risen by 16.21% or $6.39, and marked a new high 26 times. However, the stock has declined by -10.79% since its 52-week high.
HWM stock investors should be aware that Howmet Aerospace Inc. (HWM) stock had its last reported insider trading activity 45 days ago on Aug 09. Marchuk Neil Edward, the EVP, HR of the company, disposed of 80,000 shares for $50.06 on Aug 09. It resulted in a $4,004,464 divestment by the insider. Marchuk Neil Edward sold 57,000 shares at an average price of $43.61 on Mar 06. The insider now owns 286,751 shares following the transaction. On Feb 23, Vice President and Controller Shultz Barbara Lou sold 4,627 shares at $42.16 apiece. The transaction was valued at $195,078.
Valuation Metrics
Right now, Howmet Aerospace Inc. (HWM) has a P/E ratio of about 36.12. The stock’s beta is 1.44. Besides these, the trailing price-to-sales (P/S) ratio of 3.07, the price-to-book (PB) ratio of 5.08, and the price-to-cash flow ratio of 32.84 may also be considered.
The latest dividend of $0.04 per share was paid out, remained unchanged from last year’s $0.04. On Thursday September 29 2022, a $0.02 dividend increase was announced.
Financial Health
In the three months ended June 29, Howmet Aerospace Inc.’s quick ratio stood at 1.00, while its current ratio was 2.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.07, and the total debt-to-equity ratio was 1.07. On the profitability front, the trailing twelve-month gross margin is 27.00% percent. In the year ended June 29, EBITDA margin amounted to 22.94%, whereas operating margins totaled 15.40%. Based on annual data, HWM earned $1.56 billion in gross profit and brought in $5.66 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.30%. Return on equity (ROE) for the past 12 months was 14.90%.
In Howmet Aerospace Inc.’s quarter-end financial report for June 29, it reported total debt of $3.99 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. HWM’s revenue rose 15.47% to $1.6 billion during the quarter, while net income inched up to $1.65 billion. While analysts expected Howmet Aerospace Inc. to report $0.43 quarterly earnings, the actual figure was $0.44 per share, beating the consensus estimate by 2.30%. During the quarter, the company generated $352.0 million in EBITDA. The liabilities of Howmet Aerospace Inc. were 6.46 billion at the end of its most recent quarter ended June 29, and its total debt was $4.1 billion. The value of shareholders’ equity is $412.21 million.
Technical Picture
This quick technical analysis looks at Howmet Aerospace Inc.’s (HWM) price momentum. With a historical volatility rate of 10.12%, the RSI 9-day stood at 23.45% on 22 September.
With respect to its five-day moving average, the current Howmet Aerospace Inc. price is down by -1.89% percent or -$0.88. At present, HWM shares trade -4.82% below its 20-day simple moving average and +3.39% percent above its 100-day simple moving average. However, the stock is currently trading approximately -7.87% below its SMA50 and +18.84% above its SMA200.
Stochastic coefficient K was 2.59% and Stochastic coefficient D was 7.85%, while ATR was 0.80. Given the Stochastic reading of 3.24% for the 14-day period, the RSI (14) reading has been calculated as 30.13%. As of today, the MACD Oscillator reading stands at -0.66, while the 14-day reading stands at -1.12.
Analyst Ratings
Robert W. Baird launched its rating on Howmet Aerospace Inc. (NYSE: HWM) to an Outperform in a note to investors on July 25, 2023. Howmet Aerospace Inc. (HWM) has been rated Overweight by analysts. According to 0 brokerage firms, HWM is a sell, and 2 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate Howmet Aerospace Inc. stock as buy, with 13 recommending it as overweight.
With a median target price of $56.00, the current consensus forecast for the stock is $47.00 – $61.00. Based on these forecasts, analysts predict Howmet Aerospace Inc. (HWM) will achieve an average price target of $55.74.
