Howmet Aerospace (NYSE:HWM) Sets New 52-Week High – Should You Buy?

Howmet Aerospace Inc. (NYSE:HWM) reached a new 52-week high on Monday . The stock traded as high as $221.44 and last traded at $220.2910, with a volume of 149429 shares. The stock had previously closed at $218.27.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. BTIG Research raised their price target on shares of Howmet Aerospace from $205.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Zacks Research cut Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Susquehanna set a $235.00 price target on Howmet Aerospace and gave the stock a “positive” rating in a research report on Friday, October 31st. JPMorgan Chase & Co. raised their price target on Howmet Aerospace from $190.00 to $227.00 and gave the company an “overweight” rating in a report on Monday, November 10th. Finally, Wall Street Zen lowered Howmet Aerospace from a “buy” rating to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $222.82.

Howmet Aerospace Price Performance

The company has a market capitalization of $88.00 billion, a price-to-earnings ratio of 61.50, a PEG ratio of 2.08 and a beta of 1.29. The company has a current ratio of 2.35, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63. The company has a 50 day moving average price of $203.35 and a 200 day moving average price of $191.62.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 29.21% and a net margin of 18.18%.The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the business earned $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. As a group, equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Institutional Trading of Howmet Aerospace

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