Howmet Aerospace Inc. (NYSE:HWM) traded at a new 52-week high today of $34.55. This new high was reached on below average trading volume as 1 million shares traded hands, while the average 30-day volume is approximately 3.2 million shares.
Howmet Aerospace derives the vast majority of its revenue supplying specialty metals to the aerospace and defense end market, although it has a smaller presence in certain other end markets as well. Despite emerging from an aluminum-centric parent company, only 20% of its volumes are aluminum products. Instead, superalloys constitute roughly 60% of volumes and titanium products account for the balance. Key value-added product lines are frequently used in applications that require stress tolerance as well as corrosion and heat resistance.
Potential upside of 104.5% exists for Howmet Aerospace Inc., based on a current level of $34.18 and analysts' average consensus price target of $69.90.
In the past 52 weeks, Howmet Aerospace Inc. share prices are bracketed by a low of $12.07 and a high of $34.55 and is now at $34.18, 183% above that low price.
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