Stocks of Howmet Aerospace Inc (NYSE:HWM) traded higher last session on Wall Street, up 2.32% to $78.89.
HWM stock price is now 18.86% away from the 50-day moving average and 44.12% away from the 200-day moving average. The market capitalization of the company currently stands at $32.20B.
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With the price target of $75, RBC Capital Mkts recently initiated with Outperform rating for Howmet Aerospace Inc (NYSE: HWM). On January 10, 2024, Truist Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $47 to quote $74, while ‘Bernstein’ rates the stock as ‘Outperform’
In other news, Marchuk Neil Edward, EVP, HR sold 45,000 shares of the company’s stock on Mar 04 ’24. The stock was sold for $3,034,872 at an average price of $67.44. Upon completion of the transaction, the EVP, HR now directly owns 229,568 shares in the company, valued at $18.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 09 ’23, EVP, HR Marchuk Neil Edward sold 80,000 shares of the business’s stock. A total of $4,004,464 was realized by selling the stock at an average price of $50.06. This leaves the insider owning 261,291 shares of the company worth $20.61 million. A total of 1.10% of the company’s stock is owned by insiders.
During the past 12 months, Howmet Aerospace Inc has had a low of $42.17 and a high of $77.88. As of last week, the company has a debt-to-equity ratio of 0.94, a current ratio of 1.97, and a quick ratio of 0.92.
The net profit margin was 12.51% and return on equity was 21.92% for HWM. The company reported revenue of $1.82 billion for the quarter, compared to $1.6 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.79 percent.
