Howmet Aerospace
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)
160% more first-time investments, than exits
New positions opened: 156 | Existing positions closed: 60
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: 688 [Q1] → 784 (+96) [Q2]
10% more repeat investments, than reductions
Existing positions increased: 276 | Existing positions reduced: 250
1.36% more ownership
Funds ownership: 89.9% [Q1] → 91.25% (+1.36%) [Q2]
17% less funds holding in top 10
Funds holding in top 10: 6 [Q1] → 5 (-1) [Q2]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Bernstein | 24%upside $127 | Outperform Maintained | 21 Oct 2024 |
Truist Securities Michael Ciarmoli 72% 1-year accuracy 34 / 47 met price target | 20%upside $123 | Buy Maintained | 18 Oct 2024 |
Susquehanna Charles Minervino 33% 1-year accuracy 18 / 55 met price target | 17%upside $120 | Positive Initiated | 8 Oct 2024 |
Deutsche Bank Scott Deuschle 86% 1-year accuracy 25 / 29 met price target | 22%upside $125 | Buy Maintained | 3 Oct 2024 |
Barclays David Strauss 56% 1-year accuracy 5 / 9 met price target | 3%downside $100 | Overweight Maintained | 5 Aug 2024 |
Financial journalist opinion
Based on 24 articles about HWM published over the past 30 days