Howmet Aerospace (HWM)

• Market cap: $50.9B
• 1 day: 1.89%
• 5 days: 12.88%
• 1 month: 11.94%
• 3 months: 17.97%
• 6 months: 60.93%
• Year to date: 13.10%
• 1 year: 133.90%
• 5 years: 327.35%
• 10 years: 537.01%
• Sector: Materials
• Industry: Rolling Drawing & Extruding of Nonferrous Metals

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 Q3 regulatory filings by fund managers ($100M+ AUM)

84% more first-time investments, than exits

New positions opened: 145 | Existing positions closed: 79

72% more call options, than puts

Call options by funds: $148M | Put options by funds: $86.2M

26% more repeat investments, than reductions

Existing positions increased: 329 | Existing positions reduced: 261

24% more capital invested

Capital invested by funds: $30.5B [Q2] → $37.8B (+$7.23B) [Q3]

20% more funds holding in top 10

Funds holding in top 10: 5 [Q2] → 6 (+1) [Q3]

7% more funds holding

Funds holding: 786 [Q2] → 843 (+57) [Q3]

3.95% less ownership

Funds ownership: 96.37% [Q2] → 92.42% (-3.95%) [Q3]

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $120 4% downside
• Avg. target: $132 5% upside
• High target: $144 15% upside

9 analyst ratings

• positive: 8 89%
• neutral: 1 11%
• negative: 0 0%

Truist Securities Michael Ciarmoli 78% 1-year accuracy 47 / 60 met price target	4% upside $130	Buy Maintained	14 Jan 2025
Wells Fargo Matthew Akers 51% 1-year accuracy 26 / 51 met price target	5% upside $132	Overweight Maintained	11 Dec 2024
B of A Securities Ronald Epstein 53% 1-year accuracy 16 / 30 met price target	8% upside $135	Buy Maintained	13 Nov 2024
Barclays David Strauss 61% 1-year accuracy 17 / 28 met price target	4% upside $130	Overweight Maintained	11 Nov 2024
Baird Peter Arment 67% 1-year accuracy 18 / 27 met price target	15% upside $144	Outperform Maintained	7 Nov 2024