Howmet Aerospace Inc.’s Stock Price Drops to $66.11, Experiencing a 3.39% Decline – A Detailed Performance Analysis

Howmet Aerospace Inc. (HWM)

66.11 USD -2.32 (-3.39%) Volume: 3.39M

Howmet Aerospace Inc.’s stock price is currently trading at 66.11 USD, experiencing a downturn of -3.39% this trading session, with a volume of 3.39M shares traded. Despite this, HWM maintains a robust YTD performance, boasting a positive change of +22.15%, reflecting its solid position in the aerospace industry.

Latest developments on Howmet Aerospace Inc.

Howmet Aerospace Inc.’s stock performance has been under scrutiny, underperforming on Monday against its competitors. However, Jefferies has raised its target for the company to $80, indicating a steady outlook. With the stock on an uptrend, strong financials are believed to be guiding the market. Investment firms have been active, with PFG Investments LLC purchasing new shares, Raymond James & Associates selling a substantial number, and Caprock Group LLC cutting its stock position, all impacting the stock price movement of Howmet Aerospace today.

Howmet Aerospace Inc. on Smartkarma

Baptista Research, an independent investment research network on Smartkarma, has published two insightful reports on Howmet Aerospace, a leading manufacturer of advanced engineered solutions for the aerospace and defense industries.

The first report highlights Howmet Aerospace’s impressive financial performance in the fourth quarter of 2023, with the company surpassing its guidance in terms of revenue, EBITDA, and earnings per share. The company also showed strong growth in its respective markets, with a 17% increase in revenue and 18% increase in EBITDA for the full year. The report also mentions the company’s record-breaking earnings per share of $1.84, marking a 31% year-over-year increase.

The second report delves into Howmet Aerospace’s biggest competitive advantage, which is its diverse product portfolio. The company’s commercial aerospace segment, which accounts for almost half of its total revenue, reported a 23% year-over-year increase in the fourth quarter, marking its tenth consecutive quarter of growth. The report also highlights the significant year-over-year revenue growth and improved EBITDA margins in other segments such as Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.

A look at Howmet Aerospace Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, the long-term outlook for Howmet Aerospace is looking quite positive. The company has received a solid score of 4 in the Growth category, indicating that it is expected to experience strong growth in the future. This is likely due to the company’s focus on providing engineered metal products for the aerospace and commercial transportation industries, which are both expected to see continued growth in the coming years.

In addition, Howmet Aerospace has received a high score of 5 in the Momentum category, suggesting that the company is currently performing well and is expected to continue this positive trend in the near future. This could be a result of the company’s strong reputation and track record in providing quality products to its customers.

While the company has received average scores in other categories such as Value, Dividend, and Resilience, the strong scores in Growth and Momentum indicate that Howmet Aerospace is well-positioned for long-term success. With its focus on providing high-quality engineered metal products for the aerospace and transportation industries, Howmet Aerospace is likely to continue to thrive in the years to come.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma