Howmet Aerospace Inc (NYSE: HWM) on Friday, soared 1.25% from the previous trading day, before settling in for the closing price of $116.98. Within the past 52 weeks, HWM’s price has moved between $51.47 and $119.28.
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A company in the Industrials sector has dropped its sales by -9.92% annually for the last half of the decade. The company achieved an average annual earnings per share of 44.46%. With a float of $401.78 million, this company’s outstanding shares have now reached $409.91 million.
In an organization with 23200 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 28.53%, operating margin of 21.13%, and the pretax margin is 17.35%.
Howmet Aerospace Inc (HWM) Insider and Institutional Ownership
Observing investor behavior towards Aerospace & Defense industry stocks is more important than anything else. The insider ownership of Howmet Aerospace Inc is 1.10%, while institutional ownership is 91.47%. The most recent insider transaction that took place on Aug 23 ’24, was worth 6,847,749. In this transaction EVP, HR of this company sold 70,637 shares at a rate of $96.94, taking the stock ownership to the 92,687 shares. Before that another transaction happened on Aug 22 ’24, when Company’s EVP and CFO sold 154,909 for $96.58, making the entire transaction worth $14,960,414. This insider now owns 155,135 shares in total.
Howmet Aerospace Inc (HWM) Latest Financial update
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.53 earnings per share (EPS) for the period topping the consensus outlook (set at 0.46) by 0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.7 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 44.46% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 32.00% during the next five years compared to 7.22% growth over the previous five years of trading.
Howmet Aerospace Inc (NYSE: HWM) Trading Performance Indicators
Howmet Aerospace Inc (HWM) is currently performing well based on its current performance indicators. A quick ratio of 0.98 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.70. Likewise, its price to free cash flow for the trailing twelve months is 48.62.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.61, a number that is poised to hit 0.71 in the next quarter and is forecasted to reach 3.17 in one year’s time.
Technical Analysis of Howmet Aerospace Inc (HWM)
Let’s dig in a bit further. During the last 5-days, its volume was 3.13 million. That was better than the volume of 2.94 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 86.68%. Additionally, its Average True Range was 2.82.
During the past 100 days, Howmet Aerospace Inc’s (HWM) raw stochastic average was set at 98.00%, which indicates a significant increase from 95.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 53.29% in the past 14 days, which was higher than the 37.81% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $104.61, while its 200-day Moving Average is $84.71. However, in the short run, Howmet Aerospace Inc’s stock first resistance to watch stands at $119.37. Second resistance stands at $120.30. The third major resistance level sits at $121.80. If the price goes on to break the first support level at $116.94, it is likely to go to the next support level at $115.44. The third support level lies at $114.51 if the price breaches the second support level.
Howmet Aerospace Inc (NYSE: HWM) Key Stats
Market capitalization of the company is 48.72 billion based on 406,261K outstanding shares. Right now, sales total 6,640 M and income totals 765,000 K. The company made 1,835 M in profit during its latest quarter, and 332,000 K in sales during its previous quarter.
