Howmet Aerospace Inc. (HWM) Shares Are Up 65.93% So Far This Year – Marketing Sentinel
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Howmet Aerospace Inc. (HWM) Shares Are Up 65.93% So Far This Year

Howmet Aerospace Inc. (NYSE:HWM) has a beta value of 1.88 and has seen 0.92 million shares traded in the recent trading session. The company, currently valued at $13.06B, closed the recent trade at $31.24 per share which meant it gained $0.36 on the day or 1.17% during that session. The HWM stock price is -15.33% off its 52-week high price of $36.03 and 46.96% above the 52-week low of $16.57. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.16 million shares traded. The 3-month trading volume is 2.46 million shares.

The consensus among analysts is that Howmet Aerospace Inc. (HWM) is a Buy stock at the moment, with a recommendation rating of 2.10. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 11 have rated it as a Hold, with 9 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.26.

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Howmet Aerospace Inc. (NYSE:HWM) trade information

Sporting 1.17% in the green today, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 10/19/21 when the HWM stock price touched $31.24 or saw a rise of 1.95%. Year-to-date, Howmet Aerospace Inc. shares have moved 8.20%, while the 5-day performance has seen it change -1.69%. Over the past 30 days, the shares of Howmet Aerospace Inc. (NYSE:HWM) have changed -0.19%. Short interest in the company has seen 11.73 million shares shorted with days to cover at 3.84.

Wall Street analysts have a consensus price target for the stock at $39.11, which means that the shares’ value could jump 20.12% from the levels at last check today. The projected low price target is $36.00 while the price target rests at a high of $44.00. In that case, then, we find that the latest price level in today’s session is -40.85% off the targeted high while a plunge would see the stock gain -15.24% from the levels at last check today.

Howmet Aerospace Inc. (HWM) estimates and forecasts

Figures show that Howmet Aerospace Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -3.29% over the past 6 months, with this year growth rate of 25.00%, compared to 26.10% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 766.70% and 47.60% for the next quarter. Revenue growth from the last financial year stood is estimated to be -3.10%.

6 analysts offering their estimates for the company have set an average revenue estimate of $1.29 billion for the current quarter. 6 have an estimated revenue figure of $1.4 billion for the next quarter concluding in Dec 2021. Year-ago sales stood $1.13 billion and $1.24 billion respectively for this quarter and the next, and analysts expect sales will grow by 14.10% for the current quarter and 13.00% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 23.60% over the past 5 years. Earnings growth for 2021 is a modest 65.70% while over the next 5 years, the company’s earnings are expected to increase by 30.80%.

HWM Dividends

Howmet Aerospace Inc. is expected to release its next earnings report between November 08 and November 12 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.08 at a share yield of 0.26%. The company’s dividend yield has gone up over the past 12 months.

Howmet Aerospace Inc. (NYSE:HWM)’s Major holders

Insiders own 0.52% of the company shares, while shares held by institutions stand at 91.04% with a share float percentage of 91.52%. Investors are also buoyed by the number of investors in a company, with Howmet Aerospace Inc. having a total of 658 institutions that hold shares in the company. The top two institutional holders are Elliott Investment Management L.P. with over 41.57 million shares worth more than $1.34 billion. As of Mar 30, 2021, Elliott Investment Management L.P. held 9.57% of shares outstanding.

The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 40.91 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $1.31 billion and represent 9.42% of shares outstanding.

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Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of Mar 30, 2021, the former fund manager holds about 2.53% shares in the company for having 10.97 million shares of worth $352.43 million while later fund manager owns 9.52 million shares of worth $306.0 million as of Mar 30, 2021, which makes it owner of about 2.19% of company’s outstanding stock.

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