Howmet Aerospace (NYSE:HWM) Sets New 12-Month High – Here’s Why
by Renee Jackson · The Cerbat GemHowmet Aerospace Inc. (NYSE:HWM – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $221.44 and last traded at $220.2910, with a volume of 149429 shares trading hands. The stock had previously closed at $218.27.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. The Goldman Sachs Group raised their price target on Howmet Aerospace from $205.00 to $226.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Wall Street Zen lowered Howmet Aerospace from a “buy” rating to a “hold” rating in a research report on Saturday. Susquehanna set a $235.00 price target on shares of Howmet Aerospace and gave the company a “positive” rating in a research report on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Howmet Aerospace in a research note on Wednesday, October 8th. Finally, Cowen reiterated a “buy” rating on shares of Howmet Aerospace in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $223.35.
Check Out Our Latest Analysis on HWM
Howmet Aerospace Stock Performance
The stock has a market capitalization of $88.30 billion, a price-to-earnings ratio of 61.63, a PEG ratio of 2.09 and a beta of 1.29. The firm’s 50 day moving average is $203.90 and its 200-day moving average is $192.16. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 2.35.
Howmet Aerospace (NYSE:HWM – Get Free Report) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. Howmet Aerospace’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.81 EPS. Howmet Aerospace has set its FY 2025 guidance at 3.660-3.680 EPS and its Q4 2025 guidance at 0.940-0.960 EPS. Analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Howmet Aerospace
Several hedge funds and other institutional investors have recently made changes to their positions in HWM. Burns J W & Co. Inc. NY lifted its stake in Howmet Aerospace by 2.6% in the fourth quarter. Burns J W & Co. Inc. NY now owns 1,949 shares of the company’s stock valued at $400,000 after buying an additional 49 shares during the last quarter. Global Trust Asset Management LLC raised its position in Howmet Aerospace by 1.2% in the 3rd quarter. Global Trust Asset Management LLC now owns 4,110 shares of the company’s stock valued at $807,000 after purchasing an additional 50 shares during the last quarter. REAP Financial Group LLC boosted its stake in Howmet Aerospace by 24.1% during the 3rd quarter. REAP Financial Group LLC now owns 263 shares of the company’s stock worth $52,000 after purchasing an additional 51 shares during the period. Parallel Advisors LLC grew its position in Howmet Aerospace by 1.7% during the 3rd quarter. Parallel Advisors LLC now owns 3,134 shares of the company’s stock worth $615,000 after purchasing an additional 51 shares during the last quarter. Finally, Tradewinds Capital Management LLC increased its stake in Howmet Aerospace by 52.0% in the third quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock valued at $30,000 after purchasing an additional 52 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.
Howmet Aerospace Company Profile
Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.
Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.