Howmet Aerospace Inc. (NYSE:HWM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Howmet Aerospace Inc. (NYSE:HWM) have received an average rating of “Moderate Buy” from the eighteen research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $123.28.

Several equities analysts have recently issued reports on HWM shares. Royal Bank of Canada lifted their price target on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Robert W. Baird lifted their target price on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. UBS Group upped their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Wells Fargo & Company boosted their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Finally, Bank of America raised their target price on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $131.93 on Friday. The stock has a market cap of $53.44 billion, a P/E ratio of 46.78, a P/E/G ratio of 1.92 and a beta of 1.50. The firm’s 50-day simple moving average is $122.36 and its 200 day simple moving average is $110.57. Howmet Aerospace has a fifty-two week low of $62.80 and a fifty-two week high of $140.55. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. Equities analysts expect that Howmet Aerospace will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.30%. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, February 7th. Howmet Aerospace’s dividend payout ratio is 14.18%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Howmet Aerospace during the 4th quarter valued at $25,000. Meeder Asset Management Inc. increased its position in Howmet Aerospace by 208.1% during the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock worth $25,000 after buying an additional 154 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Howmet Aerospace during the fourth quarter worth $25,000. R Squared Ltd acquired a new stake in shares of Howmet Aerospace in the fourth quarter worth about $26,000. Finally, RiverPark Advisors LLC acquired a new position in shares of Howmet Aerospace during the 3rd quarter valued at about $26,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Company Profile

Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.