The stock price of Howmet Aerospace Inc (NYSE: HWM) has jumped by 2.03 compared to previous close of 66.40. Despite this, the company has seen a gain of 7.66% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-29 that Strength in the Engine products segment due to growth in commercial aerospace, defense aerospace and industrial gas turbine markets is likely to aid Howmet Aerospace’s (HWM) first-quarter 2024 results.
Is It Worth Investing in Howmet Aerospace Inc (NYSE: HWM) Right Now?
Howmet Aerospace Inc (NYSE: HWM) has a price-to-earnings ratio that is above its average at 36.92x. The stock has a 36-month beta value of 1.43. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for HWM is 403.88M, and at present, short sellers hold a 1.96% of that float. On April 29, 2024, the average trading volume of HWM was 3.35M shares.
HWM’s Market Performance
HWM stock saw a decrease of 7.66% in the past week, with a monthly decline of -1.00% and a quarterly a decrease of 21.46%. The volatility ratio for the week is 2.35%, and the volatility levels for the last 30 days are 2.30% for Howmet Aerospace Inc (HWM). The simple moving average for the last 20 days is 4.32% for HWM’s stock, with a simple moving average of 24.66% for the last 200 days.
Analysts’ Opinion of HWM
Many brokerage firms have already submitted their reports for HWM stocks, with RBC Capital Mkts repeating the rating for HWM by listing it as a “Outperform.” The predicted price for HWM in the upcoming period, according to RBC Capital Mkts is $75 based on the research report published on March 18, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see HWM reach a price target of $74, previously predicting the price at $47. The rating they have provided for HWM stocks is “Buy” according to the report published on January 10th, 2024.
Bernstein gave a rating of “Outperform” to HWM, setting the target price at $67 in the report published on January 05th of the current year.
HWM Trading at 2.85% from the 50-Day Moving Average
After a stumble in the market that brought HWM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.59% of loss for the given period.
Volatility was left at 2.30%, however, over the last 30 days, the volatility rate increased by 2.35%, as shares surge +2.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.03% upper at present.
During the last 5 trading sessions, HWM rose by +7.61%, which changed the moving average for the period of 200-days by +36.23% in comparison to the 20-day moving average, which settled at $65.02. In addition, Howmet Aerospace Inc saw 25.18% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HWM starting from Marchuk Neil Edward, who sale 45,000 shares at the price of $67.44 back on Mar 04 ’24. After this action, Marchuk Neil Edward now owns 229,568 shares of Howmet Aerospace Inc, valued at $3,034,872 using the latest closing price.
Marchuk Neil Edward, the EVP, HR of Howmet Aerospace Inc, sale 80,000 shares at $50.06 during a trade that took place back on Aug 09 ’23, which means that Marchuk Neil Edward is holding 261,291 shares at $4,004,464 based on the most recent closing price.
Stock Fundamentals for HWM
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.28 for the gross margin
The net margin for Howmet Aerospace Inc stands at 0.12. The total capital return value is set at 0.14. Equity return is now at value 20.03, with 7.40 for asset returns.
Based on Howmet Aerospace Inc (HWM), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 0.95. The interest coverage ratio of the stock is 5.52.
Currently, EBITDA for the company is 1.48 billion with net debt to EBITDA at 2.21. When we switch over and look at the enterprise to sales, we see a ratio of 4.65. The receivables turnover for the company is 9.6for trailing twelve months and the total asset turnover is 0.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.86.
Conclusion
To sum up, Howmet Aerospace Inc (HWM) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
