With 2.59 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.26 million shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $119.24 whereas the lowest price it dropped to was $116.96. The 52-week range on HWM shows that it touched its highest point at $118.20 and its lowest point at $51.29 during that stretch. It currently has a 1-year price target of $126.57. With its current market cap of 47.52 billion, HWM has annualized dividend of $0.26 while the current yield stands at 0.22%. HWM paid its most recent dividend on 1731024000, while the ex-dividend date for that was 1731024000. Beta for the stock currently stands at 1.48.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HWM was up-trending over the past week, with a rise of 3.32%, but this was up by 13.76% over a month. Three-month performance surged to 20.50% while six-month performance rose 41.93%. The stock gained 124.88% in the past year, while it has gained 116.15% so far this year. A look at the trailing 12-month EPS for HWM yields 2.61 with Next year EPS estimates of 3.17. For the next quarter, that number is 0.71. This implies an EPS growth rate of 44.44% for this year and 19.44% for next year. EPS is expected to grow by 32.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 7.22%.
Float and Shares Shorts:
At present, 409.91 million HWM shares are outstanding with a float of 401.78 million shares on hand for trading. On 2024-10-31, short shares totaled 7.39 million, which was 180.99998999999997 higher than short shares on 1727654400. In addition to Mr. John C. Plant FCA as the firm’s Executive Chairman & CEO, Mr. Kenneth J. Giacobbe serves as its Executive VP & CFO.
Institutional Ownership:
Through their ownership of 0.92694 of HWM’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, HWM reported revenue of $1835000000.0 and operating income of $420000000.0. The EBITDA in the recently reported quarter was $478000000.0 and diluted EPS was $0.81.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HWM since 12 analysts follow the stock currently. There are 10 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With HWM analysts setting a high price target of 144.0 and a low target of 70.0, the average target price over the next 12 months is 123.18727. Based on these targets, HWM could surge 23.1% to reach the target high and fall by -40.16% to reach the target low. Reaching the average price target will result in a growth of 5.31% from current levels.
Analysts have provided yearly estimates in a range of $2.68786 being high and $2.59759 being low. For HWM, this leads to a yearly average estimate of $2.65777. The surprise factor in the prior quarter was $0.6. Based on analyst estimates, the high estimate for the next quarter is $0.74 and the low estimate is $0.66. The average estimate for the next quarter is thus $0.7.
