Howmet Stock Today

HWM
 Stock
  

USD 38.04  0.02  0.05%   

Market Performance
3 of 100
Odds Of Distress
Less than 39
Howmet Aerospace is selling for 38.04 as of the 26th of November 2022. This is a 0.05 percent increase since the beginning of the trading day. The stock's lowest day price was 37.88. Howmet Aerospace has about a 39 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Howmet Aerospace are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of December 2020 and ending today, the 26th of November 2022. Click here to learn more.
CUSIP
013817507
Fiscal Year End
December
Business Domain
Capital Goods
IPO Date
2nd of January 1962
Category
Industrials
Classification
Industrials
Howmet Aerospace Inc. provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. The company was founded in 1888 and is based in Pittsburgh, Pennsylvania. The company has 427.22 M outstanding shares of which 7.08 M shares are currently shorted by investors with about 2.6 days to cover. More on Howmet Aerospace

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Follow Valuation Options Odds of Bankruptcy
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Howmet Aerospace Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Howmet Aerospace's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Howmet Aerospace or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Over 92.0% of the company shares are owned by institutional investors
On 25th of November 2022 Howmet Aerospace paid $ 0.04 per share dividend to its current shareholders
Latest headline from news.google.com: Howmet Aerospace Third Quarter 2022 Earnings EPS Misses Expectations - Simply Wall St
CEOTolga Oal
Average Analyst Recommendation
Analysts covering Howmet Aerospace report their recommendations after researching Howmet Aerospace's financial statements, talking to executives and customers, or listening in on Howmet Aerospace's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Howmet Aerospace. The Howmet consensus assessment is calculated by taking the average forecast from all of the analysts covering Howmet Aerospace.
Strong Buy6 Opinions
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Howmet Aerospace based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Howmet Aerospace financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
HealthyDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted403.9 M435 M
Significantly Down
Increasing
Slightly volatile
Weighted Average Shares398.1 M430 M
Significantly Down
Increasing
Slightly volatile
Return on Average Assets2.572.3821
Significantly Up
Increasing
Slightly volatile
Net Cash Flow from Operations460.8 M449 M
Fairly Up
Decreasing
Slightly volatile
Current Liabilities1.3 B1.3 B
Fairly Up
Decreasing
Slightly volatile
Total Liabilities6.9 B6.7 B
Fairly Up
Decreasing
Slightly volatile
Gross Margin23.027.675
Significantly Down
Increasing
Slightly volatile
Total Debt5.3 B4.2 B
Significantly Up
Decreasing
Slightly volatile
Asset Turnover0.580.4591
Significantly Up
Decreasing
Stable
Current Assets2.8 B2.7 B
Fairly Up
Decreasing
Slightly volatile
Total Assets10.5 B10.2 B
Fairly Up
Decreasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Howmet Aerospace's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Financial Strength
Howmet Aerospace's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Howmet Aerospace's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Howmet Aerospace's financial leverage. It provides some insight into what part of Howmet Aerospace's total assets is financed by creditors.
Share Download
Share Download
By using current balance sheet information, investors can analyze the liability, assets, and equity on Howmet Aerospace's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Howmet Aerospace deploys its capital and how much of that capital is borrowed.
Liquidity
Howmet Aerospace cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 4.28 B in debt with debt to equity (D/E) ratio of 1.25, which is OK given its current industry classification. Howmet Aerospace has a current ratio of 2.11, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Howmet Aerospace until it has trouble settling it off, either with new capital or with free cash flow. So, Howmet Aerospace's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Howmet Aerospace sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Howmet to invest in growth at high rates of return. When we think about Howmet Aerospace's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

460.82 Million
Howmet Aerospace (HWM) is traded on New York Stock Exchange in USA and employs 19,900 people. The company currently falls under 'Large-Cap' category with total capitalization of 16.24 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Howmet Aerospace's market, we take the total number of its shares issued and multiply it by Howmet Aerospace's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Howmet Aerospace runs under Industrials sector within Aerospace & Defense industry. The entity has 427.22 M outstanding shares of which 7.08 M shares are currently shorted by investors with about 2.6 days to cover. Howmet Aerospace has about 537 M in cash with 583 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.29.
Check Howmet Aerospace Probability Of Bankruptcy
Ownership
Howmet Aerospace secures a total of 427.22 Million outstanding shares. The majority of Howmet Aerospace outstanding shares are owned by outside corporations. These institutional investors are usually referred to as non-private investors looking to purchase positions in Howmet Aerospace to benefit from reduced commissions. Consequently, third-party entities are subject to a different set of regulations than regular investors in Howmet Aerospace. Please pay attention to any change in the institutional holdings of Howmet Aerospace as this could imply that something significant has changed or about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.

Ownership Allocation (%)

Check Howmet Ownership Details

Howmet Stock Price Odds Analysis

Based on a normal probability distribution, the odds of Howmet Aerospace jumping above the current price in 90 days from now is about 5.71%. The Howmet Aerospace probability density function shows the probability of Howmet Aerospace stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.258. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Howmet Aerospace will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Howmet Aerospace is significantly underperforming DOW.
  Odds Below 38.04HorizonTargetOdds Above 38.04
94.23%90 days
 38.04 
5.71%
Based on a normal probability distribution, the odds of Howmet Aerospace to move above the current price in 90 days from now is about 5.71 (This Howmet Aerospace probability density function shows the probability of Howmet Stock to fall within a particular range of prices over 90 days) .

Howmet Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Howmet Aerospace that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Howmet Aerospace's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Howmet Aerospace's value.
InstituionSecurity TypeTotal SharesValue
Zweigdimenna Associates LlcCommon Shares140 K4.5 M
Zweigdimenna Associates LlcCommon Shares177.5 K5.1 M
View Howmet Aerospace Diagnostics

Howmet Aerospace Historical Income Statement

Howmet Aerospace Income Statement is one of the three primary financial statements used for reporting Howmet's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Howmet Aerospace revenue and expense. Howmet Aerospace Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Howmet Aerospace Gross Profit is relatively stable at the moment as compared to the past year. The company's current value of Gross Profit is estimated at 1.79 Billion. Interest Expense is expected to hike to about 315 M this year, although the value of Net Income to Non Controlling Interests will most likely fall to nearly 51.1 M. View More Fundamentals

Howmet Stock Against Markets

Picking the right benchmark for Howmet Aerospace stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Howmet Aerospace stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Howmet Aerospace is critical whether you are bullish or bearish towards Howmet Aerospace at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Howmet Aerospace without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Howmet Aerospace Corporate Directors

Howmet Aerospace corporate directors refer to members of a Howmet Aerospace board of directors. The board of directors generally takes responsibility for the Howmet Aerospace's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Howmet Aerospace's board members must vote for the resolution. The Howmet Aerospace board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Robert Leduc - Independent DirectorProfile
Jody Miller - Independent DirectorProfile
James Albaugh - Lead Independent DirectorProfile
Nicole Piasecki - Independent DirectorProfile

Invested in Howmet Aerospace?

The danger of trading Howmet Aerospace is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Howmet Aerospace is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Howmet Aerospace. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Howmet Aerospace is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Risk vs Return Analysis. You can also try Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

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When running Howmet Aerospace price analysis, check to measure Howmet Aerospace's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Howmet Aerospace is operating at the current time. Most of Howmet Aerospace's value examination focuses on studying past and present price action to predict the probability of Howmet Aerospace's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Howmet Aerospace's price. Additionally, you may evaluate how the addition of Howmet Aerospace to your portfolios can decrease your overall portfolio volatility.
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Is Howmet Aerospace's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Howmet Aerospace. If investors know Howmet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Howmet Aerospace listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
2.17
Market Capitalization
15.7 B
Quarterly Revenue Growth YOY
0.12
Return On Assets
0.0596
Return On Equity
12.84
The market value of Howmet Aerospace is measured differently than its book value, which is the value of Howmet that is recorded on the company's balance sheet. Investors also form their own opinion of Howmet Aerospace's value that differs from its market value or its book value, called intrinsic value, which is Howmet Aerospace's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Howmet Aerospace's market value can be influenced by many factors that don't directly affect Howmet Aerospace's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Howmet Aerospace's value and its price as these two are different measures arrived at by different means. Investors typically determine Howmet Aerospace value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Howmet Aerospace's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.