Howmet Aerospace (NYSE:HWM) Issues Q4 2024 Earnings Guidance

Howmet Aerospace (NYSE:HWM) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.700-0.720 for the period, compared to the consensus EPS estimate of 0.690. The company issued revenue guidance of $1.9 billion-$1.9 billion, compared to the consensus revenue estimate of $1.9 billion. Howmet Aerospace also updated its FY 2024 guidance to 2.650-2.670 EPS.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on HWM shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Sanford C. Bernstein lifted their price objective on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Benchmark increased their target price on Howmet Aerospace from $53.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Susquehanna raised their price target on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research report on Thursday. Finally, Royal Bank of Canada upped their price objective on Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Howmet Aerospace currently has an average rating of “Moderate Buy” and an average target price of $109.75.

Howmet Aerospace Trading Up 2.6 %

NYSE:HWM traded up $2.87 during trading hours on Friday, hitting $114.01. The company had a trading volume of 1,218,706 shares, compared to its average volume of 2,948,909. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.53 and a quick ratio of 0.74. Howmet Aerospace has a 52 week low of $48.39 and a 52 week high of $115.38. The company has a market capitalization of $46.53 billion, a PE ratio of 49.22, a price-to-earnings-growth ratio of 1.45 and a beta of 1.46. The stock has a 50-day moving average price of $99.75 and a 200 day moving average price of $88.76.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.32 annualized dividend and a yield of 0.28%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 14.16%.

Insiders Place Their Bets

In related news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the sale, the executive vice president now directly owns 92,687 shares in the company, valued at $8,985,077.78. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the completion of the transaction, the chief financial officer now directly owns 155,135 shares of the company’s stock, valued at $14,982,938.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Neil Edward Marchuk sold 70,637 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the transaction, the executive vice president now directly owns 92,687 shares of the company’s stock, valued at $8,985,077.78. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.12% of the company’s stock.

Howmet Aerospace Company Profile

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. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.