Howmet Aerospace Inc. (HWM) Beta and Market Comparison: S&P500 vs HWM

After finishing at $43.24 in the prior trading day, Howmet Aerospace Inc. (NYSE: HWM) closed at $43.26, up 0.05%. In other words, the price has increased by $+0.02 from its previous closing price. On the day, 2329313 shares were traded. HWM stock price reached its highest trading level at $43.54 during the session, while it also had its lowest trading level at $42.90.

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Our goal is to gain a better understanding of HWM by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 33.46 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 39.57. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 2.20. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 1.08.

Upgrades & Downgrades

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 06 when Marchuk Neil Edward sold 57,000 shares for $43.61 per share. The transaction valued at 2,485,576 led to the insider holds 286,751 shares of the business.

Shultz Barbara Lou sold 4,627 shares of HWM for $195,078 on Feb 23. The Vice President and Controller now owns 20,542 shares after completing the transaction at $42.16 per share. On Jun 03, another insider, Giacobbe Ken, who serves as the EVP and CFO of the company, sold 63,304 shares for $36.31 each. As a result, the insider received 2,298,435 and left with 382,379 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HWM now has a Market Capitalization of 18.11B and an Enterprise Value of 21.72B. As of this moment, Howmet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 37.49, and their Forward P/E ratio for the next fiscal year is 20.74. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.23. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.02 while its Price-to-Book (P/B) ratio in mrq is 4.81. Its current Enterprise Value per Revenue stands at 3.66 whereas that against EBITDA is 18.87.

Stock Price History:

Over the past 52 weeks, HWM has reached a high of $45.70, while it has fallen to a 52-week low of $29.84. The 50-Day Moving Average of the stock is 42.89, while the 200-Day Moving Average is calculated to be 39.01.

Shares Statistics:

The stock has traded on average 3.21M shares per day over the past 3-months and 1.88M shares per day over the last 10 days, according to various share statistics. A total of 412.00M shares are outstanding, with a floating share count of 410.92M. Insiders hold about 0.69% of the company’s shares, while institutions hold 93.60% stake in the company. Shares short for HWM as of May 14, 2023 were 4.23M with a Short Ratio of 4.23M, compared to 4.53M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.02% and a Short% of Float of 1.29%.

Dividends & Splits

In the trailing 12 months, HWM’s forward annual dividend rate was 0.12, compared to 0.16 this year. Against a Trailing Annual Dividend Yield of 0.28%, it implies a Forward Annual Dividend Yield of 0.37%.

Earnings Estimates

Its stock is currently analyzed by 14 different market analysts. On average, analysts expect EPS of $0.43 for the current quarter, with a high estimate of $0.44 and a low estimate of $0.42, while EPS last year was $0.35. The consensus estimate for the next quarter is $0.42, with high estimates of $0.45 and low estimates of $0.4.

Analysts are recommending an EPS of between $1.77 and $1.67 for the fiscal current year, implying an average EPS of $1.7. EPS for the following year is $2.09, with 13 analysts recommending between $2.28 and $1.99.

Revenue Estimates

12 analysts predict $1.61B in revenue for the current quarter. It ranges from a high estimate of $1.62B to a low estimate of $1.6B. As of the current estimate, Howmet Aerospace Inc.’s year-ago sales were $1.39B, an estimated increase of 15.50% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $1.56B, an increase of 9.00% less than the figure of $15.50% in the same quarter last year. There is a high estimate of $1.62B for the next quarter, whereas the lowest estimate is $1.5B.

A total of 15 analysts have provided revenue estimates for HWM’s current fiscal year. The highest revenue estimate was $6.49B, while the lowest revenue estimate was $6.25B, resulting in an average revenue estimate of $6.36B. In the same quarter a year ago, actual revenue was $5.66B, up 12.40% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $6.88B in the next fiscal year. The high estimate is $7.12B and the low estimate is $6.71B. The average revenue growth estimate for next year is up 8.10% from the average revenue estimate for this year.