HWM Stock Summary and Trading Ideas (Howmet Aerospace | NYSE:HWM)

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.

Howmet Aerospace trades on the NYSE stock market under the symbol HWM.

As of May 10, 2024, HWM stock price declined to $80.87 with 2,982,345 million shares trading.

HWM has a beta of 1.16, meaning it tends to be more sensitive to market movements. HWM has a correlation of 0.29 to the broad based SPY ETF.

HWM has a market cap of $33.18 billion. This is considered a Large Cap stock.

Last quarter Howmet Aerospace reported $2 billion in Revenue and $.57 earnings per share. This beat revenue expectation by $84 million and exceeded earnings estimates by $.05.

In the last 3 years, HWM stock traded as high as $82.81 and as low as $27.41.

The top ETF exchange traded funds that HWM belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

HWM has outperformed the market in the last year with a price return of +83.3% while the SPY ETF gained +27.8%. HWM has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +38.1% and +21.9%, respectively, while the SPY returned +4.2% and +2.5%, respectively.

HWM support price is $80.62 and resistance is $83.44 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HWM stock will trade within this expected range on the day.