Howmet Stock Today

HWM
 Stock
  

USD 30.94  0.91  2.86%   

Market Performance
0 of 100
Odds Of Distress
Less than 41
Howmet Aerospace is selling for 30.94 as of the 30th of September 2022. This is a -2.86 percent decrease since the beginning of the trading day. The stock's lowest day price was 30.6. Howmet Aerospace has about a 41 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Howmet Aerospace are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 31st of August 2022 and ending today, the 30th of September 2022. Click here to learn more.
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 8.17 M shares are currently shorted by investors with about 3.04 days to cover. More on Howmet Aerospace

Moving together with Howmet Aerospace

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Follow Valuation Odds of Bankruptcy
Check how we calculate scores

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
Latest headline from www.nasdaq.com: Howmet Aerospace Breaks Below 200-Day Moving Average - Notable for HWM - Nasdaq
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
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
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 13.6 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 Specialty Industrial Machinery industry. The entity has 427.22 M outstanding shares of which 8.17 M shares are currently shorted by investors with about 3.04 days to cover. Howmet Aerospace has about 520 M in cash with 510 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.24.
Check Howmet Aerospace Probability Of Bankruptcy
Ownership
Howmet Aerospace has a total of four hundred twenty-seven million two hundred twenty thousand 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. Please note that no matter how much assets the company holds, if the real value of the firm is less than the current market value, you may not be able to make money on it.

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 roughly 96.0%. 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 1.232. 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 an alpha of 0.071, implying that it can generate a 0.071 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 30.94HorizonTargetOdds Above 30.94
3.87%90 days
 30.94 
96.09%
Based on a normal probability distribution, the odds of Howmet Aerospace to move above the current price in 90 days from now is roughly 96.0 (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
Vanguard Group IncCommon Shares41.4 M1.3 B
Blackrock IncCommon Shares41.1 M1.3 B
View Howmet Aerospace Diagnostics

Howmet Aerospace Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Howmet Aerospace market risk premium is the additional return an investor will receive from holding Howmet Aerospace long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Howmet Aerospace. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Howmet Aerospace's alpha and beta are two of the key measurements used to evaluate Howmet Aerospace's performance over the market, the standard measures of volatility play an important role as well.

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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

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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.
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.