Howmet AerospaceHWM
Market Cap: $37.3B
About: Howmet Aerospace Inc produces products that are majorly used in aerospace, commercial transportation, and industrial and other markets. The company seeks to provide its customers with solutions through offering differentiated products such as airfoils with cooling and coatings for extreme temperature applications, specially designed fasteners for lightweight composite airframe construction, reduced assembly costs, and lightning strike protection and lightweight aluminum commercial wheels. It has four reportable segments namely, Engine Products, Fastening Systems, Engineered Structures and Forged Wheels.
Employees: 23,200
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
152% more first-time investments, than exits
New positions opened: 154 | Existing positions closed: 61
126% more call options, than puts
Call options by funds: $115M | Put options by funds: $50.8M
15% more capital invested
Capital invested by funds: $25.2B [Q1] → $28.9B (+$3.75B) [Q2]
14% more funds holding
Funds holding: 687 [Q1] → 780 (+93) [Q2]
10% more repeat investments, than reductions
Existing positions increased: 276 | Existing positions reduced: 250
1.35% more ownership
Funds ownership: 89.89% [Q1] → 91.25% (+1.35%) [Q2]
17% less funds holding in top 10
Funds holding in top 10: 6 [Q1] → 5 (-1) [Q2]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Barclays David Strauss 79% 1-year accuracy 15 / 19 met price target | 9%upside $100 | Overweight Maintained | 5 Aug 2024 |
BTIG Andre Madrid 62% 1-year accuracy 8 / 13 met price target | 26%upside $115 | Buy Maintained | 5 Aug 2024 |
Keybanc Philip Gibbs 64% 1-year accuracy 21 / 33 met price target | 15%upside $105 | Overweight Maintained | 1 Aug 2024 |
JP Morgan Seth Seifman 77% 1-year accuracy 20 / 26 met price target | 15%upside $105 | Overweight Maintained | 31 Jul 2024 |
Truist Securities Michael Ciarmoli 64% 1-year accuracy 37 / 58 met price target | 15%upside $105 | Buy Maintained | 31 Jul 2024 |
Financial journalist opinion
Based on 13 articles about HWM published over the past 30 days