Howmet Aerospace Inc. (NYSE:HWM)’s traded shares stood at 1,689,414 during the last session, with the company’s beta value hitting 1.85. At the close of trading, the stock’s price was $23.58, to imply an increase of 0.04% or $0.01 in intraday trading. The HWM share’s 52-week high remains $34.27, putting it -45.34% down since that peak but still an impressive +58.14% since price per share fell to its 52-week low of $9.87. The company has a valuation of $10.23 Billion, with an average of 4.99 Million shares in intraday trading volume over the past 10 days and average of 2.93 Million shares over the past 3 months.
Analysts have given a consensus recommendation of Overweight for Howmet Aerospace Inc. (HWM), translating to a mean rating of 2.2. Of 9 analyst(s) looking at the stock, none analyst(s) give HWM a Sell rating. None of those analysts rate the stock as Overweight while 3 advise Hold as 6 recommend it as a Buy. None analyst(s) have given it an Underweight rating. Estimates put the company’s earnings per share at $0.16.
Howmet Aerospace Inc. (NYSE:HWM) trade information
After registering a 0.04% upside on the day, Howmet Aerospace Inc. (HWM) has traded green over the past five days. The stock hit a weekly high of $24.02- this Wednesday, Nov 18, jumping 2.37% in its intraday price action. The 5-day price performance for the stock is 4.87%, and 28.7% over 30 days. With these gigs, the year-to-date price performance is -23.79%. Short interest in Howmet Aerospace Inc. (NYSE:HWM) saw shorts transact 7.95 Million shares and set a 2.71 days time to cover.
Analysts on Wall Street suggest a consensus price target of $27, implying an increase of 14.5% to the stock’s current value. The extremes give us $22 and $30 for target low and target high price respectively. As such, HWM is trading +27.23% off suggested target high and -6.7% from its likely low.
Howmet Aerospace Inc. (HWM) estimates and forecasts
Looking at statistics comparing Howmet Aerospace Inc. share performance against respective industry, we note that the company has underperformed competitors. Howmet Aerospace Inc. (HWM) shares are +90.54% up over the last 6 months, with its year-to-date growth rate lower than industry average at -65.4% against -9.7%. But the company is tempering its growth estimates for the 2020 fiscal year. Revenue is forecast to decline -69.8% this quarter before falling -54.5% for the next one. The company projects its revenue will drop -63% compared to the previous financial year.
Forecast revenue for the current quarter as set by 6 analysts is $1.22 Billion. Meanwhile, for the quarter ending March 01, 2021, a total of 3 analyst(s) estimate revenue growth to $1.31 Billion. Earnings reports from the last fiscal year show that sales brought in $3.4 Billion for this quarter and $1.63 Billion the next quarter. In this case, analysts estimate current quarter sales to dip -64% before falling -19.9% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 47% for the past 5-year period. While 2020 is set for a -27% return in earnings, projections for the next 5 years are at 0% annually.
Howmet Aerospace Inc. (NYSE:HWM)’s Major holders
Howmet Aerospace Inc. insiders hold 0.54% of total outstanding shares, with institutional holders owning 89.54% of the shares at 90.03% float percentage. In total, 593 institutions holds shares in the company, led by Elliott Investment Management L.P. As of Sep 29 this year, the company held over 41.57 Million shares (or 9.59% of shares), all amounting to roughly $694.98 Million.
The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 40.58 Million shares, or about 9.36% of shares outstanding. As of the market price on 44103, these shares were worth $678.52 Million.
We also have Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund as the top two Mutual Funds with the largest holdings of the Howmet Aerospace Inc. (HWM) shares. Going by data provided on 44011, Vanguard Total Stock Market Index Fund holds roughly 11,197,613 shares. This is just over 2.58% of the total shares, with a market valuation of $177.48 Million. Data from the same date shows that the other fund manager holds a little less at 9.82 Million, or 2.26% of the shares, all valued at about $155.63 Million.