Howmet Aerospace (NYSE:HWM) Reaches New 1-Year High – Should You Buy?

Howmet Aerospace Inc. (NYSE:HWM)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $215.59 and last traded at $212.96, with a volume of 369143 shares trading hands. The stock had previously closed at $211.71.

Wall Street Analysts Forecast Growth

HWM has been the topic of a number of research analyst reports. Zacks Research lowered shares of Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Industrial Alliance Securities set a $240.00 price target on Howmet Aerospace in a research report on Monday, November 3rd. Truist Financial increased their price objective on Howmet Aerospace from $202.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. BNP Paribas upgraded Howmet Aerospace to a “strong-buy” rating in a research note on Tuesday, November 18th. Finally, BTIG Research lifted their target price on Howmet Aerospace from $205.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Howmet Aerospace has a consensus rating of “Moderate Buy” and an average price target of $218.75.

Howmet Aerospace Stock Performance

The firm has a fifty day moving average of $202.30 and a 200 day moving average of $190.24. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.35 and a quick ratio of 1.14. The stock has a market capitalization of $85.76 billion, a price-to-earnings ratio of 59.91, a price-to-earnings-growth ratio of 2.02 and a beta of 1.29.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.95 earnings per share (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 return on equity of 29.21% and a net margin of 18.18%.Howmet Aerospace’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 posted $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. On average, sell-side analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global Trust Asset Management LLC boosted its stake in shares of Howmet Aerospace by 1.2% during the 3rd quarter. Global Trust Asset Management LLC now owns 4,110 shares of the company’s stock worth $807,000 after acquiring an additional 50 shares in the last quarter. REAP Financial Group LLC raised its holdings in Howmet Aerospace by 24.1% in 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 raised its holdings in Howmet Aerospace by 1.7% in 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 period. Tradewinds Capital Management LLC boosted its position in Howmet Aerospace by 52.0% during the third quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock worth $30,000 after purchasing an additional 52 shares in the last quarter. Finally, Wedbush Securities Inc. grew its holdings in Howmet Aerospace by 1.4% in the third quarter. Wedbush Securities Inc. now owns 3,885 shares of the company’s stock valued at $762,000 after purchasing an additional 52 shares during the period. Hedge funds and other institutional investors 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.