(HWM) Howmet Aerospace - Ratings and Ratios

Howmet Aerospace Inc. is a leading global provider of advanced engineered solutions for the aerospace and transportation industries, operating across multiple continents and serving a diverse range of customers. The company is organized into four key segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels, each catering to specific market needs.

The Engine Products segment is a critical supplier of airfoils and seamless rolled rings for aircraft engines and industrial gas turbines, as well as rotating and structural parts. The Fastening Systems segment is a major producer of aerospace fastening systems, commercial transportation fasteners, and related products. Meanwhile, the Engineered Structures segment provides a range of titanium and aluminum products, forgings, and machined components for aerospace and defense applications. The Forged Wheels segment is a significant manufacturer of forged aluminum wheels for heavy-duty trucks and commercial transportation markets.

With a rich history dating back to 1888, Howmet Aerospace Inc. has evolved to become a key player in the aerospace and defense industries. The companys products are used in a variety of applications, including commercial aircraft, military aircraft, and industrial gas turbines. As a result, Howmet Aerospace Inc. is well-positioned to benefit from the growing demand for air travel and the increasing need for advanced aerospace technologies.

From a technical analysis perspective, the stock is currently trading at $172.65, above its 20-day SMA of $162.77 and 50-day SMA of $143.03. The stock has also broken through its 52-week high, indicating a strong uptrend. With an ATR of 4.34, representing 2.51% of the current price, the stock is experiencing moderate volatility. The support and resistance levels indicate a potential target of $200, with support levels at $165, $157.3, $137.5, and $127.7.

Based on the fundamental data, Howmet Aerospace Inc. has a market capitalization of $68.75B and a P/E ratio of 55.59, indicating a relatively high valuation. However, the companys forward P/E ratio is 46.73, suggesting that earnings are expected to grow. The RoE of 27.72% is also a positive indicator of the companys profitability. Taking into account the technical and fundamental data, a forecast for the stock could be a continued uptrend, potentially reaching the resistance level of $200 in the near term, driven by the companys strong position in the aerospace and defense industries and the growing demand for its products.

As the aerospace industry continues to recover and grow, driven by increasing demand for air travel and the need for advanced technologies, Howmet Aerospace Inc. is well-positioned to benefit from these trends. With its diversified product portfolio and strong market position, the company is likely to continue to deliver strong earnings growth, driving the stock price higher. A potential investment strategy could be to buy the stock on dips to the support levels, with a target price of $200.