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howmet aerospace inc. - HWM

HWM

Close Chg Chg %
118.10 -1.12 -0.95%

Pre-Market

116.98

-1.12 (0.95%)

Volume: 2.59M

Last Updated:

Nov 21, 2024, 3:59 PM EDT

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Company Overview: howmet aerospace inc. - HWM

HWM Key Data

Open

$118.26

 Day Range

116.96 - 119.24

52 Week Range

51.47 - 119.24

 Market Cap

$47.98B

Shares Outstanding

406.26M

 Public Float

401.78M

Beta

1.47

 Rev. Per Employee

N/A

P/E Ratio

45.21

 EPS

$2.63

Yield

19.48%

 Dividend

$0.08

EX-DIVIDEND DATE

Nov 8, 2024

 SHORT INTEREST

N/A

AVERAGE VOLUME

2.48M

  

HWM Performance

1 Week
 
 5.44%
 
1 Month
 
 16.48%
 
3 Months
 
 21.65%
 
1 Year
 
 125.94%
 
5 Years
 
 N/A
 

HWM Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 26
Full Ratings ➔

About howmet aerospace inc. - HWM

Howmet Aerospace, Inc. engages in the development and manufacturing of lightweight metal products. It operates through the following segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels. The Engine Products segment produces investment castings, including airfoils, and seamless rolled rings primarily for aircraft engines (aerospace commercial and defense) and industrial gas turbines. The Fastening Systems segment is involved in producing aerospace fastening systems and commercial transportation fasteners. The Engineered Structures segment includes titanium ingots and mill products for aerospace and defense applications and is vertically integrated to produce titanium forgings, extrusions forming and machining services for airframe, wing, aero-engine, and landing gear components. The Forged Wheels segment provides forged aluminum wheels and related products for heavy-duty trucks, trailers, and buses globally. The company was founded in 1888 and is headquartered in Pittsburgh, PA.

HWM At a Glance

Howmet Aerospace, Inc.
201 Isabella Street
Pittsburgh, Pennsylvania 15212-5872
Phone 1-412-553-4545 Revenue 6.64B
Industry Aerospace & Defense Net Income 765.00M
Sector Electronic Technology 2023 Sales Growth 17.252%
Fiscal Year-end 12 / 2024 Employees 23,200
View SEC Filings

HWM Valuation

P/E Current 45.214
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 29.508
Price to Sales Ratio 3.391
Price to Book Ratio 5.571
Price to Cash Flow Ratio 24.988
Enterprise Value to EBITDA 17.003
Enterprise Value to Sales 3.884
Total Debt to Enterprise Value 0.149

HWM Efficiency

Revenue/Employee 286,206.897
Income Per Employee 32,974.138
Receivables Turnover 9.595
Total Asset Turnover 0.642

HWM Liquidity

Current Ratio 1.859
Quick Ratio 0.869
Cash Ratio 0.342

HWM Profitability

Gross Margin 24.307
Operating Margin 18.75
Pretax Margin 14.684
Net Margin 11.521
Return on Assets 7.397
Return on Equity 20.031
Return on Total Capital 9.718
Return on Invested Capital 9.884

HWM Capital Structure

Total Debt to Total Equity 94.996
Total Debt to Total Capital 48.717
Total Debt to Total Assets 36.776
Long-Term Debt to Equity 90.331
Long-Term Debt to Total Capital 45.694
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Howmet Aerospace Inc. - HWM

Collapse All in section
All values USD millions. 2020 2021 2022 2023 5-year trend
Sales/Revenue
5.26B 4.97B 5.66B 6.64B
Sales Growth
-62.93% -5.46% +13.90% +17.25%
Cost of Goods Sold (COGS) incl D&A
4.12B 3.84B 4.31B 5.03B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
279.00M 270.00M 265.00M 272.00M
Depreciation
239.00M 234.00M 229.00M 237.00M
Amortization of Intangibles
40.00M 36.00M 36.00M 35.00M
COGS Growth
-65.01% -6.75% +12.27% +16.64%
Gross Income
1.14B 1.13B 1.35B 1.61B
Gross Income Growth
-52.87% -0.79% +19.40% +19.20%
Gross Profit Margin
+21.73% +22.81% +23.91% +24.31%
2020 2021 2022 2023 5-year trend
SG&A Expense
294.00M 268.00M 320.00M 369.00M
Research & Development
17.00M 17.00M 32.00M 36.00M
Other SG&A
277.00M 251.00M 288.00M 333.00M
SGA Growth
-62.02% -8.84% +19.40% +15.31%
Other Operating Expense
- - - -
-
Unusual Expense
223.00M 264.00M 200.00M 41.00M
EBIT after Unusual Expense
626.00M 602.00M 834.00M 1.20B
Non Operating Income/Expense
(74.00M) (19.00M) 1.00M (11.00M)
Non-Operating Interest Income
5.00M 2.00M 6.00M 23.00M
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
381.00M 259.00M 229.00M 218.00M
Interest Expense Growth
+12.72% -32.02% -11.58% -4.80%
Gross Interest Expense
392.00M 267.00M 235.00M 224.00M
Interest Capitalized
11.00M 8.00M 6.00M 6.00M
Pretax Income
171.00M 324.00M 606.00M 975.00M
Pretax Income Growth
-70.26% +89.47% +87.04% +60.89%
Pretax Margin
+3.25% +6.52% +10.70% +14.68%
Income Tax
(40.00M) 66.00M 137.00M 210.00M
Income Tax - Current - Domestic
(4.00M) (11.00M) 3.00M 7.00M
Income Tax - Current - Foreign
2.00M 39.00M 53.00M 94.00M
Income Tax - Deferred - Domestic
(49.00M) 27.00M 76.00M 93.00M
Income Tax - Deferred - Foreign
11.00M 11.00M 5.00M 16.00M
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
211.00M 258.00M 469.00M 765.00M
Minority Interest Expense
- - - -
-
Net Income
211.00M 258.00M 469.00M 765.00M
Net Income Growth
-55.11% +22.27% +81.78% +63.11%
Net Margin Growth
+4.01% +5.19% +8.28% +11.52%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
211.00M 258.00M 469.00M 765.00M
Preferred Dividends
2.00M 2.00M 2.00M 2.00M
Net Income Available to Common
209.00M 256.00M 467.00M 763.00M
EPS (Basic)
0.4805 0.5954 1.1226 1.8519
EPS (Basic) Growth
-54.21% +23.91% +88.55% +64.97%
Basic Shares Outstanding
435.00M 430.00M 416.00M 412.00M
EPS (Diluted)
0.4761 0.5885 1.1093 1.8341
EPS (Diluted) Growth
-53.79% +23.61% +88.50% +65.34%
Diluted Shares Outstanding
439.00M 435.00M 421.00M 416.00M
EBITDA
1.13B 1.14B 1.30B 1.52B
EBITDA Growth
-48.42% +0.71% +14.35% +16.78%
EBITDA Margin
+21.45% +22.85% +22.94% +22.85%

Snapshot

Average Recommendation OVERWEIGHT Average Target Price 124.905
Number of Ratings 26 Current Quarters Estimate 0.713
FY Report Date 12 / 2024 Current Year's Estimate 2.658
Last Quarter’s Earnings 0.71 Median PE on CY Estimate N/A
Year Ago Earnings 1.84 Next Fiscal Year Estimate 3.174
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 22 13 23 23
Mean Estimate 0.71 0.70 2.66 3.17
High Estimates 0.75 0.74 2.70 3.58
Low Estimate 0.66 0.66 2.53 2.84
Coefficient of Variance 2.81 3.41 1.49 4.50

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 17 17 18
OVERWEIGHT 4 4 3
HOLD 4 4 2
UNDERWEIGHT 0 0 0
SELL 1 1 2
MEAN Overweight Overweight Overweight

Insider Actions for Howmet Aerospace Inc. - HWM

Date Name Shares Transaction Value
Oct 4, 2024 Robert F. Leduc Director 33,827 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $101.29 per share 3,426,336.83
Oct 4, 2024 Joseph S. Cantie Director 40,956 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $101.29 per share 4,148,433.24
Jul 3, 2024 Michael Chanatry Vice President 53,227 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jul 3, 2024 Michael Chanatry Vice President 158,053 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $77.63 per share 12,269,654.39
Jul 3, 2024 Kenneth J. Giacobbe EVP and CFO 310,044 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $77.63 per share 24,068,715.72
Jul 3, 2024 Neil Edward Marchuk EVP, HR 163,324 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $77.63 per share 12,678,842.12
Jun 18, 2024 Ulrich R. Schmidt Director 51,467 Bona fide gift 0.00
May 30, 2024 James F. Albaugh Director 57,681 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
May 30, 2024 Jody Greenstone Miller Director 28,067 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
May 30, 2024 Amy E. Alving Director 56,059 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
May 30, 2024 David J. Miller Director 51,564 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
May 30, 2024 Sharon R. Barner Director 14,821 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
May 30, 2024 Gunner S. Smith Director 4,083 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
May 15, 2024 Neil Edward Marchuk EVP, HR 250,301 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $80.87 per share 20,241,841.87
May 15, 2024 Lola F. Lin EVP, CL&CO and Secretary 64,124 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $80.87 per share 5,185,707.88
May 15, 2024 Barbara L. Shultz Vice President and Controller 23,661 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
May 15, 2024 Barbara L. Shultz Vice President and Controller 20,609 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $80.87 per share 1,666,649.83
May 15, 2024 Neil Edward Marchuk EVP, HR 273,862 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
May 15, 2024 Kenneth J. Giacobbe EVP and CFO 385,422 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
May 15, 2024 Kenneth J. Giacobbe EVP and CFO 364,407 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $80.87 per share 29,469,594.09

Howmet Aerospace Inc. in the News