Howmet Aerospace Inc. (HWM) Monthly Report
Published Date: September 22, 2024
Company Overview
Howmet Aerospace Inc. (HWM), headquartered in Pittsburgh, Pennsylvania, stands as a prominent entity in the aerospace and transportation sectors. Established in 1888, the company operates extensively across global markets, particularly in the United States, Japan, and Germany, providing advanced engineered solutions. Its robust portfolio encompasses four primary segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels, focusing on the manufacturing of aircraft engines, fasteners, and heavy-duty transportation solutions. As a significant player within the Industrials sector, particularly Aerospace & Defense, Howmet Aerospace boasts a rich legacy and a comprehensive array of products that meet diverse industry needs.
Financial Performance and Investment Outlook
The Aerospace & Defense sector continues to present attractive investment opportunities, with Howmet Aerospace leading the charge. The company reported a total revenue of approximately $7.09 billion, which alludes to strong operational performance and an upsurge in market demand. Analysts have set a high target price of $115.00 for HWM, indicating significant growth potential for investors. Despite a current stock price of $97.45, which is bordering its fifty-two week high of $98.29, the market sentiment remains strong, highlighting the stock’s resilience and potential for appreciation. Furthermore, with an average recommendation score of 1.9 from 20 analysts, the consensus strongly leans towards a “buy” stance, reinforcing the asset’s investment potential within the robust Aerospace & Defense landscape.
Stock Performance and Market Indicators
As of now, Howmet Aerospace has 408,147,008 shares outstanding, with 8,497,262 shares sold short, translating to a short percentage of 2.37%. The float, representing shares available for public trading, stands at 403,391,699. These indicators reveal that while some investors are betting against the stock, the majority remain committed to its positive trajectory. The stock also demonstrates bullish trends with a fifty-day moving average of $90.96, reflecting its position above this benchmark in recent trading sessions. Overall, Howmet Aerospace showcases potential for continued growth, attracting interest from both institutional and individual investors looking to capitalize on the advancements within the Aerospace & Defense sector.
| Metric | Value |
|---|---|
| Market Cap | $39.8b |
| Total Debt | $3.8b |
| Total Cash | $752.0m |
| Shares Outstanding | 408.1m |
| Float Shares | 403.4m |
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