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Howmet Aerospace (HWM)

(Delayed Data from NYSE)

$63.46 USD

63.46
3,088,779

-0.56 (-0.87%)

Updated Apr 17, 2024 04:00 PM ET

After-Market: $63.45 -0.01 (-0.02%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.15%
2Buy18.00%
3Hold9.44%
4Sell5.10%
5Strong Sell2.53%
S&P50011.08%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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D Value A Growth D Momentum C VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 36% (90 out of 251)

Industry: Engineering - R and D Services

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Balance Sheet

Research for HWM

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Howmet Aerospace Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 610 791 720 1,610 1,648
Receivables 692 537 420 357 1,451
Notes Receivable 0 0 0 0 0
Inventories 1,765 1,609 1,402 1,488 2,429
Other Current Assets 249 206 195 217 314
Total Current Assets 3,316 3,143 2,737 3,672 5,842
Net Property & Equipment 2,328 2,332 2,467 2,592 5,463
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 46 54 184 272 608
Intangibles 4,540 4,534 4,616 4,673 5,151
Deposits & Other Assets 198 192 215 234 514
Total Assets 10,428 10,255 10,219 11,443 17,578
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 5 376 1,034
Accounts Payable 982 962 732 599 2,043
Current Portion Long-Term Debt 206 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 328 270 272 294 544
Income Taxes Payable 68 48 61 102 87
Other Current Liabilities 200 202 183 289 418
Total Current Liabilities 1,784 1,482 1,253 1,660 4,126
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 3,500 4,162 4,227 4,699 4,906
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 1,107 1,010 1,231 1,507 3,925
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 6,391 6,654 6,711 7,866 12,957
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 55 55 55 55 55
Common Stock (Par) 410 412 422 433 433
Capital Surplus 3,682 3,947 4,291 4,668 7,319
Retained Earnings 1,720 1,028 603 364 129
Other Equity -1,830 -1,841 -1,863 -1,943 -3,315
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 4,037 3,601 3,508 3,577 4,621
Total Liabilities & Shareholder's Equity 10,428 10,255 10,219 11,443 17,578
Total Common Equity 3,982 3,546 3,453 3,522 4,566
Shares Outstanding 411.70 413.70 427.20 433.60 432.90
Book Value Per Share 9.67 8.57 8.08 8.12 10.55

Fiscal Year End for Howmet Aerospace Inc falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 610 424 535 537
Receivables NA 692 727 671 671
Notes Receivable NA 0 0 0 0
Inventories NA 1,765 1,748 1,715 1,662
Other Current Assets NA 249 212 207 187
Total Current Assets NA 3,316 3,111 3,128 3,057
Net Property & Equipment NA 2,328 2,296 2,319 2,321
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 46 45 52 59
Intangibles NA 4,540 4,514 4,539 4,542
Deposits & Other Assets NA 198 200 195 195
Total Assets NA 10,428 10,166 10,233 10,174
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 982 894 881 877
Current Portion Long-Term Debt NA 206 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 328 298 282 256
Income Taxes Payable NA 68 73 78 64
Other Current Liabilities NA 200 189 169 206
Total Current Liabilities NA 1,784 1,454 1,410 1,403
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 3,500 3,794 3,989 3,988
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 1,046 1,059 1,022
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 6,391 6,294 6,458 6,413
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 55 55 55 55
Common Stock (Par) NA 410 412 412 412
Capital Surplus NA 3,682 3,770 3,782 3,941
Retained Earnings NA 1,720 1,485 1,334 1,159
Other Equity NA -1,830 -1,850 -1,808 -1,806
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 4,037 3,872 3,775 3,761
Total Liabilities & Shareholder's Equity NA 10,428 10,166 10,233 10,174
Total Common Equity 0 3,982 3,817 3,720 3,706
Shares Outstanding 410.30 411.70 412.20 412.20 413.20
Book Value Per Share 0.00 9.67 9.26 9.02 8.97