How to Buy Howmet Aerospace Stock
Howmet Aerospace Inc
Howmet Aerospace Inc. provides advanced engineered solutions for the aerospace and transportation industries.
Howmet Aerospace stock last closed at $112.64, down 2.09% from the previous day, and has increased 102.7% in one year. It has overperformed other stocks in the Aerospace & Defense industry by 0.83 percentage points. Howmet Aerospace stock is currently +111.81% from its 52-week low of $53.18, and -6.69% from its 52-week high of $120.71.
At the moment, there are 406.26M HWM shares outstanding. The market capitalization of HWM is $45.76B. In the past 24 hours, 2.44M HWM shares were traded.
How to Buy Howmet Aerospace Stock
Wondering how to invest in Howmet Aerospace stock? Here's how.
- Choose where to buy Howmet Aerospace stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you decide where to buy Howmet Aerospace stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Select your method of payment and add your details.
- Analyze Howmet Aerospace stock: The Howmet Aerospace ticker symbol is HWM. Is Howmet Aerospace stock a good investment? Should you buy shares of HWM? How do HWM's underlying business fundamentals look? Do top analysts think Howmet Aerospace is a good buy? Why has HWM's stock price moved recently? (Hint: Our stock market analysis tools can help you decide if HWM is a good stock to buy).
- Execute your HWM buy order: Decide if you will purchase HWM shares at the current market price or use a limit order to purchase HWM shares at a given price.
- Keep tabs on your investment in HWM: Create a watchlist to get the latest news on your investment in Howmet Aerospace shares.
Step 1: Choose where to buy Howmet Aerospace stock
You will need a brokerage account to access the NYSE market and buy HWM stock.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've picked the best brokerage, you need to fill out some personal details so you are able to invest in HWM stock today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to open your new trading account.
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Step 3: Fund your brokerage account
Now that you have opened your account on mobile trading apps, you need to deposit funds:
Watch the walkthrough below if you need help transferring funds into your investment account.
Step 4: Analyze Howmet Aerospace stock
After you have selected the best place to buy Howmet Aerospace stock, it's very important to analyze their stock prior to buying, so you truly understand the risk as well as the opportunity.
Howmet Aerospace Metrics
Fundamentals of HWM
WallStreetZen was created to help average investors perform more in-depth fundamental analysis.
You can view all of the due diligence checks on HWM's stock page.
Is HWM stock properly valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge HWM's fair value.
Using relative valuations ratios:
- HWM could be overvalued based on its P/E ratio of 42.99x, relative to Aerospace & Defense industry P/E ratio of 31.22x
- HWM may be overvalued based on its P/B ratio of 10.16x, relative to Aerospace & Defense industry P/B ratio of 6.15x
- HWM could be overvalued based on its PEG ratio of 1.93x
You can do more valuation analysis on HWM's stock here.
HWM Financial Health Overview
Positive Health Checks:
- Total HWM debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the HWM balance sheet.
- HWM earnings of $1.46B is not enough to cover its interest payments.
- HWM's operating cash flow of $1.28B allows it to safely service it's debt of $3.39B.
- HWM profit margin has gone up from 10% to 14.8% in the past year.
Negative Health Checks:
- HWM has a relatively high debt to equity ratio of 1.35.
- There are more long-term liabilities than short-term assets on the HWM balance sheet.
Is it a good time to buy Howmet Aerospace stock, according to Wall Street analysts?
Out of 12 Wall Street analysts who give forecasts on HWM, the consensus analyst rating on Howmet Aerospace is a Strong Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
Latest HWM Analyst Forecasts
Gavin Parsons, a top 41% analyst from UBS maintains HWM with a hold rating and raises their HWM price target from $103.00 to $120.00, on Nov 7, 2024.
Charles Minervino, a top 34% analyst from Susquehanna maintains HWM with a strong buy rating and raises their HWM price target from $120.00 to $132.00, on Nov 7, 2024.
Susquehanna's Charles Minervino raised their price target on Howmet Aerospace (NYSE: HWM) by 10% from $120 to $132 on 2024/11/07. The analyst maintained their Strong Buy rating on the stock.
Howmet Aerospace reported its Q3 2024 earnings.
Minervino told investors the company delivered robust results.
Overall revenue fell short of forecasts, which can be attributed to supply constraints caused by the ongoing IAM strike on Boeing Co and the continued challenges in the Forged Wheels sector caused by poor European market conditions, the analyst explained.
Earnings Report
For Q3 2024, Howmet Aerospace reported:
- EPS of $0.71, which beat the Zacks Consensus Estimate of $0.65 and, by 54%, Q3 2023’a $0.46.
- Revenue of $1.84B, which missed the Zacks Consensus Estimate by 1.03% but beat, by 11%, Q3 2023’s $1.66B.
Management guided:
For Q4 2024:
- EPS of $0.70 to $0.72.
- Revenue of $1.85B to $1.89B.
For FY 2024:
- EPS of $2.65 to $2.67.
- Revenue of $7.39B to $7.43B.
Chairman & CEO John Plant commented: “The results exceeded the high end of guidance for Adjusted EBITDA, Adjusted EBITDA margin, and Adjusted EPS.
“Revenue growth of 11% Y/Y took account of actions which restricted volumes shipped to the Boeing Company and notably weaker Europe market conditions impacting Forged Wheels.
“We are pleased that the Boeing strike was settled on 2024/11/04, and we look forward to Boeing’s gradual production recovery.
“Engines spares volumes increased again in the quarter and are expected to be approximately $1.25B for the FY.
“Turning to 2025, the demand outlook for commercial aerospace remains robust, driven by healthy air traffic growth.
“The under-production of aircraft in recent years has resulted in a very large order backlog which, combined with the significant need for additional engine spare parts, supports future revenue growth.
“We expect above-trend growth in commercial aerospace to continue in 2025, while we continue to take a cautious approach to the assumed pace of new aircraft builds.
“We expect growth in 2025 in our defense aerospace and industrial end markets, while we assume that the commercial transportation end market will remain soft until 2H 2025.
“Our 2025 outlook envisions total revenue growth of approximately 7.5% Y/Y.
“Howmet Aerospace’s balance sheet remains a source of strength, with leverage at a record low and free cash flow generation of approximately $600M YTD through Q3 2024.
“Debt actions YTD will reduce annualized interest expense by approximately $33M.
“The Company repurchased $100M of common stock in Q3 2024 and repurchased an additional $90M 2024/10, bringing 2024/10 YTD repurchases to $400M.
“Subject to Board approval, we also expect to increase the common stock dividend by 25% in Q1 2025 to $0.10 per share.”
Michael Ciarmoli, a top 4% analyst from Truist Securities maintains HWM with a strong buy rating and raises their HWM price target from $123.00 to $128.00, on Nov 7, 2024.
An analyst from Bernstein maintains HWM with a buy rating and raises their HWM price target from $113.00 to $127.00, on Oct 21, 2024.
Scott Deuschle, a top 12% analyst from Deutsche Bank maintains HWM with a strong buy rating and raises their HWM price target from $106.00 to $125.00, on Oct 3, 2024.
You can dive deeper into what analysts are projecting on the Howmet Aerospace stock forecast page.
HWM Technical Indicators
HWM Growth Numbers
Last year, HWM earnings were $1.08B. Over the last 5 year, HWM's earnings have increased by 26.78% per year. This was faster than the Aerospace & Defense industry average of 5.2%.
Last year, HWM revenue was $7.27B. Over the last five year, HWM's revenue has gone up by 16.49% per year. This was faster than the Aerospace & Defense industry average of 13.63%.
Dig into HWM's earnings and revenue performance here.
Are HWM executives and large shareholders buying or selling the stock?
In the past 12 months, insiders at HWM have sold more shares than they have bought.
Joseph S. Cantie, Director of HWM, was the latest HWM insider to buy. They bought $33,715.24 worth of HWM shares on Jan 3, 2025.
Dig into more about who owns HWM shares here.
Can I rely on HWM as an income stream?
Howmet Aerospace pays a dividend of 0.07%, compared to the Aerospace & Defense industry's average dividend yield of 1.67%. If you owned $1,000 worth of HWM stock, you would have received $0.71 in the past year.
Howmet Aerospace dividend payments have not consistently grown over the past decade and have not remained stable.
Dig into more info about Howmet Aerospace dividend yield and history here.
What others are saying about HWM
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Execute your HWM buy order
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally sufficient. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at an exact price limit, place a limit order.
Press the Open button and eToro will place the order.
If you want more help with buying stocks on eToro, watch the helpful video below:
Step 6: Keep tabs on your investment in HWM
Now that you own some HWM shares, you'll want to stay up-to-date on your investment.
Add HWM to a watchlist to track the most important metrics related to your HWM stock.
HWM Feed
How to Buy Stock in Howmet Aerospace
To summarize, here are the 6 steps you need to take to buy Howmet Aerospace stock right now:
- Choose where to buy Howmet Aerospace stock
- Open your brokerage account
- Fund your brokerage account
- Analyze Howmet Aerospace stock
- Execute your HWM buy order
- Keep tabs on your investment in HWM
If you require a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to monitor your new investment in Howmet Aerospace, create a watchlist today.
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