Howmet Aerospace (NYSE:HWM) Price Target Raised to $105.00 at Truist Financial

Howmet Aerospace (NYSE:HWM) had its target price upped by equities researchers at Truist Financial from $88.00 to $105.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price target would indicate a potential upside of 11.92% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Robert W. Baird lifted their price objective on shares of Howmet Aerospace from $84.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday. Barclays lifted their price objective on shares of Howmet Aerospace from $65.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, May 6th. The Goldman Sachs Group lifted their price objective on shares of Howmet Aerospace from $77.00 to $87.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Wells Fargo & Company lifted their price objective on shares of Howmet Aerospace from $72.00 to $88.00 and gave the company an “overweight” rating in a report on Monday, May 6th. Finally, Northcoast Research restated a “sell” rating and issued a $70.00 price target on shares of Howmet Aerospace in a report on Friday, June 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $81.35.

Howmet Aerospace Price Performance

NYSE:HWM traded up $0.01 during trading hours on Wednesday, hitting $93.82. The stock had a trading volume of 576,373 shares, compared to its average volume of 3,219,127. The company has a 50 day simple moving average of $81.38 and a two-hundred day simple moving average of $71.45. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.97 and a quick ratio of 0.92. The firm has a market capitalization of $38.30 billion, a price-to-earnings ratio of 45.32, a P/E/G ratio of 1.51 and a beta of 1.45. Howmet Aerospace has a one year low of $42.94 and a one year high of $94.89.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.60 by $0.07. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.83 billion. Howmet Aerospace had a net margin of 12.53% and a return on equity of 21.33%. Howmet Aerospace’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 earnings per share. Research analysts forecast that Howmet Aerospace will post 2.39 earnings per share for the current fiscal year.

Insider Transactions at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 32,614 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $84.26, for a total transaction of $2,748,055.64. Following the completion of the sale, the executive vice president now owns 217,687 shares of the company’s stock, valued at $18,342,306.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.12% of the company’s stock.

Institutional Investors Weigh In On Howmet Aerospace

A number of large investors have recently modified their holdings of HWM. Blair William & Co. IL grew its holdings in shares of Howmet Aerospace by 51.6% in the first quarter. Blair William & Co. IL now owns 25,488 shares of the company’s stock valued at $1,744,000 after purchasing an additional 8,676 shares during the period. Los Angeles Capital Management LLC grew its holdings in shares of Howmet Aerospace by 70.1% in the first quarter. Los Angeles Capital Management LLC now owns 1,273,290 shares of the company’s stock valued at $87,131,000 after purchasing an additional 524,805 shares during the period. Quadrature Capital Ltd boosted its stake in Howmet Aerospace by 303.8% during the fourth quarter. Quadrature Capital Ltd now owns 23,629 shares of the company’s stock worth $1,279,000 after buying an additional 17,777 shares during the period. National Bank of Canada FI raised its holdings in Howmet Aerospace by 39.0% in the fourth quarter. National Bank of Canada FI now owns 120,557 shares of the company’s stock valued at $6,477,000 after acquiring an additional 33,844 shares in the last quarter. Finally, First Trust Direct Indexing L.P. increased its stake in Howmet Aerospace by 24.8% in the fourth quarter. First Trust Direct Indexing L.P. now owns 6,381 shares of the company’s stock valued at $345,000 after purchasing an additional 1,269 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

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.