Howmet Aerospace Inc. (NYSE:HWM) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Howmet Aerospace Inc. (NYSE:HWMGet Free Report) have been assigned an average rating of “Moderate Buy” from the thirteen analysts that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $64.33.

Several brokerages have recently issued reports on HWM. JPMorgan Chase & Co. raised their target price on shares of Howmet Aerospace from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. Truist Financial raised shares of Howmet Aerospace from a “hold” rating to a “buy” rating and lifted their price target for the company from $47.00 to $74.00 in a research note on Wednesday, January 10th. Royal Bank of Canada assumed coverage on shares of Howmet Aerospace in a research note on Monday, March 18th. They issued an “outperform” rating and a $75.00 price target on the stock. UBS Group lifted their price objective on shares of Howmet Aerospace from $57.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Finally, Barclays boosted their target price on shares of Howmet Aerospace from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th.

View Our Latest Analysis on HWM

Insider Activity at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 45,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the completion of the transaction, the executive vice president now owns 229,568 shares of the company’s stock, valued at $15,482,065.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.23% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Howmet Aerospace

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Howmet Aerospace by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 45,247,674 shares of the company’s stock worth $2,448,804,000 after buying an additional 1,274,974 shares during the period. Massachusetts Financial Services Co. MA raised its position in Howmet Aerospace by 4.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 23,507,379 shares of the company’s stock valued at $1,087,216,000 after purchasing an additional 897,463 shares in the last quarter. FMR LLC raised its position in shares of Howmet Aerospace by 21.2% in the 3rd quarter. FMR LLC now owns 15,086,149 shares of the company’s stock worth $697,734,000 after acquiring an additional 2,635,894 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Howmet Aerospace by 118.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,239,071 shares of the company’s stock worth $612,307,000 after acquiring an additional 7,184,620 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Howmet Aerospace by 87.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,972,420 shares of the company’s stock worth $593,828,000 after acquiring an additional 5,107,898 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

NYSE:HWM opened at $65.26 on Wednesday. The company has a market capitalization of $26.78 billion, a price-to-earnings ratio of 35.66, a PEG ratio of 1.61 and a beta of 1.43. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.87 and a current ratio of 1.86. The company has a 50-day moving average of $63.69 and a 200-day moving average of $54.86. Howmet Aerospace has a 52 week low of $41.40 and a 52 week high of $69.55.

Howmet Aerospace (NYSE:HWMGet Free Report) last announced its earnings results on Tuesday, February 13th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Howmet Aerospace had a net margin of 11.52% and a return on equity of 20.12%. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter last year, the company posted $0.38 EPS. As a group, equities research analysts anticipate that Howmet Aerospace will post 2.19 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Friday, February 9th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend was Thursday, February 8th. Howmet Aerospace’s dividend payout ratio is currently 10.93%.

Howmet Aerospace Company Profile

(Get Free Report

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.

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Analyst Recommendations for Howmet Aerospace (NYSE:HWM)

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