Howmet Aerospace (NYSE:HWM) Price Target Raised to $130.00 at Truist Financial

Howmet Aerospace (NYSE:HWM) had its price target hoisted by Truist Financial from $128.00 to $130.00 in a research report report published on Tuesday morning,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Several other research firms have also recently weighed in on HWM. UBS Group boosted their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Barclays upped their price target on Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Susquehanna upped their target price on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th. Robert W. Baird raised their price target on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.71.

Howmet Aerospace Price Performance

NYSE HWM opened at $119.14 on Tuesday. Howmet Aerospace has a fifty-two week low of $53.18 and a fifty-two week high of $120.71. The stock’s 50-day moving average is $114.16 and its two-hundred day moving average is $100.89. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. The firm has a market cap of $48.40 billion, a P/E ratio of 45.47, a price-to-earnings-growth ratio of 1.56 and a beta of 1.49.

Institutional Trading of Howmet Aerospace

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lone Pine Capital LLC acquired a new stake in shares of Howmet Aerospace in the 2nd quarter valued at approximately $284,539,000. JPMorgan Chase & Co. grew its position in shares of Howmet Aerospace by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock valued at $1,775,578,000 after acquiring an additional 1,336,592 shares during the period. D. E. Shaw & Co. Inc. grew its position in shares of Howmet Aerospace by 1,168.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,161,604 shares of the company’s stock valued at $90,175,000 after acquiring an additional 1,070,049 shares during the period. Renaissance Technologies LLC grew its position in shares of Howmet Aerospace by 341.7% during the 2nd quarter. Renaissance Technologies LLC now owns 709,400 shares of the company’s stock valued at $55,071,000 after acquiring an additional 548,800 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of Howmet Aerospace by 695.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 558,017 shares of the company’s stock valued at $55,941,000 after acquiring an additional 487,880 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

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.