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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 $68.43, up 0.51% from the previous day, and has increased 66.42% in one year. It has overperformed other stocks in the Aerospace & Defense industry by 0.57 percentage points. Howmet Aerospace stock is currently +65.29% from its 52-week low of $41.40, and -1.61% from its 52-week high of $69.55.

At the moment, there are 410.3M HWM shares outstanding. The market capitalization of HWM is $28.08B. In the past 24 hours, 2.88M HWM shares were traded.

How to Buy Howmet Aerospace Stock

Wondering how to invest in Howmet Aerospace stock? Here's how.
  1. 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.
  2. Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Fund your brokerage account: Select your method of payment and add your details.
  4. 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).
  5. 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.
  6. 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.

A brokerage account allows you to buy and sell a variety of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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Step 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.

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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.

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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

HWM Price
$68.43
1w %
1.11%
1y %
66.42%
5y %
257.71%
P/E
36.99x
P/B
6.95x
P/S
4.25x
PEG
3.77x
Revenue
$6.64B
Earnings
$765.00M
Fore. Rev. Growth
8.05%
Fore. Earn. Growth
9.82%
Market Cap
$28.08B
Next Earnings
Apr 30, 2024
Next Dividend
N/A

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 36.99x, relative to Aerospace & Defense industry P/E ratio of 22.25x
  • HWM may be overvalued based on its P/B ratio of 6.95x, relative to Aerospace & Defense industry P/B ratio of 5.46x
  • HWM could be overvalued based on its PEG ratio of 3.77x

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 $1.19B is not enough to cover its interest payments.
  • HWM's operating cash flow of $901.00M allows it to safely service it's debt of $3.71B.
  • HWM profit margin has gone up from 8.3% to 11.5% in the past year.

Negative Health Checks:

  • HWM has a relatively high debt to equity ratio of 1.58.
  • 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 7 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

Seth Seifman, a top 17% analyst from JP Morgan maintains HWM with a strong buy rating and raises their HWM price target from $55.00 to $60.00, on Feb 14, 2024.

Michael Ciarmoli, a top 6% analyst from Truist Securities upgrades HWM to a strong buy rating and raises their HWM price target from $47.00 to $74.00, on Jan 10, 2024.

Truist Securities's Michael Ciarmoli upgraded their rating on Howmet Aerospace (NYSE: HWM) from Hold to Strong Buy on 2024/01/10. The analyst also raised their price target by 57.4% from $47 to $74.

Going into 2024 and after taking a deep dive into small and mid-cap names in their Aerospace and Defense portfolio, the analyst said that, in particular, they have a constructive view on the space subsector and a bullish view on the commercial aerospace OEM subsector.

Howmet and Hexcel are "two of the highest quality picks in commercial aero OEM," Ciarmoli detailed, arguing that although both valuations are higher than peers, they are "well deserved."

You can dive deeper into what analysts are projecting on the Howmet Aerospace stock forecast page.

HWM Technical Indicators

SMA10
67.5
SMA20
67.29
SMA50
62.91
SMA100
57.72
SMA200
52.65
MACD
1.31
MACD Signal
1.49
MACD Histogram
-0.18
RSI
65.91
Stochastic %K
75.89
Stochastic %D
68.06
StochRSI %K
55.73
StochRSI %D
36.98

HWM Growth Numbers

Last year, HWM earnings were $765.00M. Over the last 5 year, HWM's earnings have increased by 6.82% per year. This was faster than the Aerospace & Defense industry average of 0%.

Last year, HWM revenue was $6.64B. Over the last five year, HWM's revenue has gone up by -0.41% per year. This was slower than the Aerospace & Defense industry average of 7.64%.

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.

Neil Edward Marchuk, EVP HR of HWM, was the latest HWM insider to sell. They sold $3,034,890.00 worth of HWM shares on Mar 4, 2024.

Dig into more about who owns HWM shares here.

Can I rely on HWM as an income stream?

No, Howmet Aerospace doesn't provide an income stream by paying out dividends.

Get analysis from other investors

One of the reasons eToro is our favorite brokerage is because of its social trading community.

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Step 5: Execute your HWM buy order

You have two primary options:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are usually fine.
  • Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
    If you want to be certain you're buying or selling at a specific price, place a limit order.

Press the Open Trade button and your broker will place the order.

If you want additional help with investing in stocks on eToro, watch the helpful video below:

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Step 6: Keep tabs on your investment in HWM

Now that you own some HWM shares, you'll want to keep up with your new company.

Start a watchlist to track the latest developments regarding your HWM stock.

HWM Feed

How to Buy Stock in Howmet Aerospace

To reiterate, here are the 6 steps to buy Howmet Aerospace stock:

  1. Choose where to buy Howmet Aerospace stock
  2. Open your brokerage account
  3. Fund your brokerage account
  4. Analyze Howmet Aerospace stock
  5. Execute your HWM buy order
  6. Keep tabs on your investment in HWM

If you need a online brokerage, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get the latest news on your new investment in Howmet Aerospace, add HWM to your watchlist below.

NYSE: HWM
$68.43+0.35 (+0.51%)
Updated Mar 28, 2024
Open eToro Account
NYSE: HWM
$68.43+0.35 (+0.51%)
Updated Mar 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Howmet Aerospace share?

As of Mar 28, 2024, it costs $68.43 to buy one share of Howmet Aerospace stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.146 shares of HWM.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Howmet Aerospace stock?

According to 7 Wall Street analysts who monitor Howmet Aerospace, their consensus recommendation is to buy Howmet Aerospace stock.

What is the best way to buy Howmet Aerospace stock?

One way to place an order for Howmet Aerospace stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.