Howmet Aerospace Inc.’s Stock Price Drops to $78.94, Marking a 4.66% Decline: A Detailed Performance Review

Howmet Aerospace Inc. (HWM)

78.94 USD -3.86 (-4.66%) Volume: 4.96M

Howmet Aerospace Inc.’s stock price stands at 78.94 USD, experiencing a dip of -4.66% this trading session with a trading volume of 4.96M. Despite the recent downturn, HWM’s year-to-date (YTD) performance showcases a robust gain of +45.86%, highlighting its strong market presence and potential for growth.

Latest developments on Howmet Aerospace Inc.

Despite recent underperformance compared to competitors, Howmet Aerospace (HWM) stock saw a rise on Wednesday. Northcoast Research reiterated a sell rating for the company, while Ossiam and Sei Investments Co. sold thousands of shares. However, Point72 Hong Kong Ltd purchased a significant number of shares. Analysts suggest a hold strategy for Howmet (HWM) stock, citing strong reasons for the company to be in investors’ portfolios.

Howmet Aerospace Inc. on Smartkarma

Analysts at Baptista Research have been closely monitoring Howmet Aerospace on Smartkarma, an independent investment research network. In their report titled “Howmet Aerospace Inc.: Adapting To Dynamics In The Fastener Business! – Major Drivers,” they noted the company’s impressive first-quarter performance for 2024, with record revenue, earnings per share, profit, and margin improvements. Despite challenges such as FAA restrictions on Boeing 737 MAX production, Howmet Aerospace has effectively planned strategies to sustain its growth.

In another report by Baptista Research titled “Howmet Aerospace: Focus on the Engine Product Market & Pricing Strategies! – Major Drivers,” analysts highlighted the company’s strong fourth-quarter 2023 results, surpassing guidance in revenue, EBITDA, EBITDA margin, and earnings per share. The company’s growth outpaced its markets, with full-year 2023 figures showing a 17% revenue increase and an 18% EBITDA increase. Earnings per share also saw a significant annual improvement, reaching a record $1.84 per share, a 31% year-over-year increase.

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

Howmet Aerospace, a company that provides engineered metal products for the aerospace and commercial transportation industries, has received promising scores in Growth and Momentum according to Smartkarma Smart Scores. With a high score in Growth, the company shows potential for long-term expansion and development. Additionally, its strong Momentum score indicates positive market trends and investor interest, suggesting a favorable outlook for the company in the future.

Although Howmet Aerospace received lower scores in Value, Dividend, and Resilience, its impressive ratings in Growth and Momentum point towards a bright long-term outlook. As a provider of engines, fasteners, structures, and forged wheels, the company’s focus on innovation and market positioning seems to be paying off. Investors may find Howmet Aerospace to be a promising prospect for potential growth and profitability in the coming years.

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.
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