Howmet Aerospace Inc. (NYSE:HWM) Receives $123.28 Average PT from Analysts

Shares of Howmet Aerospace Inc. (NYSE:HWM) have been assigned a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $123.28.

HWM has been the subject of several research analyst reports. Wells Fargo & Company raised their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. raised their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Truist Financial reiterated a “buy” rating and set a $140.00 price objective (up previously from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Barclays increased their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Finally, The Goldman Sachs Group increased their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th.

Institutional Investors Weigh In On Howmet Aerospace

Large investors have recently added to or reduced their stakes in the stock. Murphy & Mullick Capital Management Corp purchased a new stake in Howmet Aerospace in the 4th quarter valued at about $25,000. Meeder Asset Management Inc. boosted its position in Howmet Aerospace by 208.1% in the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock valued at $25,000 after buying an additional 154 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in Howmet Aerospace in the 4th quarter valued at about $25,000. R Squared Ltd purchased a new stake in Howmet Aerospace in the 4th quarter valued at about $26,000. Finally, Washington Trust Advisors Inc. bought a new stake in shares of Howmet Aerospace in the 4th quarter valued at about $29,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Performance

Shares of NYSE HWM opened at $130.70 on Wednesday. The firm has a fifty day moving average price of $128.09 and a 200-day moving average price of $114.61. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The stock has a market cap of $52.94 billion, a PE ratio of 46.35, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54. Howmet Aerospace has a 1 year low of $62.80 and a 1 year high of $140.55.

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

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.31%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, February 7th. Howmet Aerospace’s payout ratio is 14.18%.

About Howmet Aerospace

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.