In last trading session, Howmet Aerospace Inc (NYSE:HWM) saw 3.02 million shares changing hands with its beta currently measuring 1.43. Company’s recent per share price level of $68.10 trading at $0.42 or 0.62% at ring of the bell on the day assigns it a market valuation of $27.94B. That closing price of HWM’s stock is at a discount of -2.13% from its 52-week high price of $69.55 and is indicating a premium of 42.38% from its 52-week low price of $39.24. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.72 million shares which gives us an average trading volume of 3.30 million if we extend that period to 3-months.
Howmet Aerospace Inc (NYSE:HWM) trade information
Upright in the green during last session for gaining 0.62%, in the last five days HWM remained trading in the green while hitting it’s week-highest on Friday, 03/22/24 when the stock touched $68.10 price level, adding 0.39% to its value on the day. Howmet Aerospace Inc’s shares saw a change of 25.83% in year-to-date performance and have moved 2.81% in past 5-day. Howmet Aerospace Inc (NYSE:HWM) showed a performance of 4.67% in past 30-days. Number of shares sold short was 4.99 million shares which calculate 1.55 days to cover the short interests.
Howmet Aerospace Inc (HWM) estimates and forecasts
Statistics highlight that Howmet Aerospace Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 47.82% of value to its shares in past 6 months, showing an annual growth rate of 17.93% while that of industry is 8.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 23.80% in the current quarter and calculating 22.70% increase in the next quarter. This year revenue growth is estimated to rise 7.90% from the last financial year’s standing.
16 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.74 billion for the same. And 16 analysts are in estimates of company making revenue of $1.78 billion in the next quarter that will end on Jun 2024. Company posted $1.49 billion and $1.65 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 16.90% while estimating it to be 7.70% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 7.22% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 20.01% while estimates for its earnings growth in next 5 years are of 19.49%.
HWM Dividends
Howmet Aerospace Inc is more likely to be releasing its next quarterly report between April 30 and May 06 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Howmet Aerospace Inc (NYSE:HWM)’s Major holders
Insiders are in possession of 1.16% of company’s total shares while institution are holding 92.90 percent of that, with stock having share float percentage of 93.98%. Investors also watch the number of corporate investors in a company very closely, which is 92.90% institutions for Howmet Aerospace Inc that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at HWM for having 45.25 million shares of worth $3.08 billion. And as of Dec 30, 2023, it was holding 11.03% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 36.31 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 8.85% of outstanding shares, having a total worth of $2.47 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 12.95 million shares of worth $882.03 million or 3.16% of the total outstanding shares. The later fund manager was in possession of 9.55 million shares on Dec 30, 2023, making its stake of worth around $650.62 million in the company or a holder of 2.33% of company’s stock.
