Howmet Aerospace (NYSE:HWM) Sets New 12-Month High – Here’s Why

Howmet Aerospace Inc. (NYSE:HWM)’s share price reached a new 52-week high on Monday . The stock traded as high as $221.44 and last traded at $220.2910, with a volume of 149429 shares. The stock had previously closed at $218.27.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HWM. UBS Group lifted their price target on shares of Howmet Aerospace from $199.00 to $209.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Royal Bank Of Canada lifted their target price on Howmet Aerospace from $210.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Bank of America boosted their target price on Howmet Aerospace from $215.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, November 14th. BTIG Research raised their price target on Howmet Aerospace from $205.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Finally, Morgan Stanley set a $225.00 price objective on Howmet Aerospace and gave the company an “overweight” rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Howmet Aerospace has a consensus rating of “Moderate Buy” and an average price target of $222.82.

Howmet Aerospace Trading Up 0.3%

The company has a market cap of $88.00 billion, a P/E ratio of 61.50, a PEG ratio of 2.08 and a beta of 1.29. The company has a current ratio of 2.35, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63. The business has a 50 day moving average price of $203.35 and a 200-day moving average price of $191.62.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. The business had revenue of $2.09 billion for 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%. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.81 earnings per share. 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 Trading of Howmet Aerospace

A number of hedge funds have recently made changes to their positions in HWM. Traub Capital Management LLC acquired a new position in Howmet Aerospace in the 2nd quarter valued at about $25,000. Winnow Wealth LLC acquired a new position in Howmet Aerospace in the 2nd quarter valued at $25,000. Newbridge Financial Services Group Inc. lifted its position in Howmet Aerospace by 119.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after purchasing an additional 73 shares during the period. Tradewinds Capital Management LLC boosted its position in shares of Howmet Aerospace by 52.0% during the 3rd quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock worth $30,000 after acquiring an additional 52 shares in the last quarter. Finally, Atlantic Union Bankshares Corp bought a new position in Howmet Aerospace in the second quarter valued at approximately $32,000. 90.46% of the stock is owned by institutional investors and hedge funds.

About Howmet Aerospace

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.