In yesterday’s Wall Street session, Howmet Aerospace Inc (NYSE:HWM) shares traded at $82.34, up 3.46% from the previous session.
HWM stock price is now 1.38% away from the 50-day moving average and 28.79% away from the 200-day moving average. The market capitalization of the company currently stands at $33.61B.
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With the price target of $95, BTIG Research recently initiated with Buy rating for Howmet Aerospace Inc (NYSE: HWM). On March 18, 2024, RBC Capital Mkts recently initiated its ‘Outperform’ rating on the stock quoting a target price of $75, while ‘Truist’ rates the stock as ‘Buy’
In other news, Marchuk Neil Edward, EVP, HR sold 32,614 shares of the company’s stock on Jun 03 ’24. The stock was sold for $2,748,124 at an average price of $84.26. Upon completion of the transaction, the EVP, HR now directly owns 217,687 shares in the company, valued at $17.92 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 04 ’24, EVP, HR Marchuk Neil Edward sold 45,000 shares of the business’s stock. A total of $3,034,872 was realized by selling the stock at an average price of $67.44. This leaves the insider owning 229,568 shares of the company worth $18.9 million. A total of 1.15% of the company’s stock is owned by insiders.
During the past 12 months, Howmet Aerospace Inc has had a low of $42.94 and a high of $85.52. 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. According to the stock market information, the enterprise value for the company is $36970827776, which is based on a 39.76 price-to-earnings ratio, a 1.73 price-to-earnings-growth ratio, and a beta of 1.46. The fifty day moving average price for HWM is $81.262 and a two-hundred day moving average price translates $64.11325 for the stock.
The latest earnings results from Howmet Aerospace Inc (NYSE: HWM) was released for 2024-03-31. 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.
