Howmet Aerospace (NYSE:HWM) Hits New 52-Week High – Here’s What Happened

Shares of Howmet Aerospace Inc. (NYSE:HWM) reached a new 52-week high during trading on Monday . The stock traded as high as $215.59 and last traded at $212.96, with a volume of 369143 shares. The stock had previously closed at $211.71.

Analyst Ratings Changes

A number of brokerages have commented on HWM. BNP Paribas upgraded shares of Howmet Aerospace to a “strong-buy” rating in a research note on Tuesday, November 18th. The Goldman Sachs Group boosted their price target on Howmet Aerospace from $205.00 to $226.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Industrial Alliance Securities set a $240.00 price objective on Howmet Aerospace in a report on Monday, November 3rd. Cowen reiterated a “buy” rating on shares of Howmet Aerospace in a report on Friday, October 31st. Finally, Zacks Research downgraded Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Howmet Aerospace has an average rating of “Moderate Buy” and a consensus price target of $218.75.

Howmet Aerospace Stock Performance

The business has a 50-day moving average of $202.30 and a two-hundred 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 company has a market cap of $85.76 billion, a P/E ratio of 59.91, a P/E/G ratio of 2.02 and a beta of 1.29.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. The company’s revenue was up 13.8% compared to the same quarter last year. During the same period last year, the business earned $0.81 EPS. 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 predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Institutional Trading of Howmet Aerospace

A number of institutional investors have recently made changes to their positions in HWM. Global Trust Asset Management LLC raised its stake in Howmet Aerospace by 1.2% in the third quarter. Global Trust Asset Management LLC now owns 4,110 shares of the company’s stock valued at $807,000 after buying an additional 50 shares during the last quarter. REAP Financial Group LLC increased its holdings in shares of Howmet Aerospace by 24.1% during the third quarter. REAP Financial Group LLC now owns 263 shares of the company’s stock valued at $52,000 after acquiring an additional 51 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Howmet Aerospace by 1.7% in the 3rd quarter. Parallel Advisors LLC now owns 3,134 shares of the company’s stock valued at $615,000 after purchasing an additional 51 shares during the last quarter. Tradewinds Capital Management LLC raised its position in shares of Howmet Aerospace by 52.0% in the 3rd quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock valued at $30,000 after purchasing an additional 52 shares during the last quarter. Finally, Wedbush Securities Inc. boosted its stake in Howmet Aerospace by 1.4% in the 3rd quarter. Wedbush Securities Inc. now owns 3,885 shares of the company’s stock worth $762,000 after purchasing an additional 52 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

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.