Howmet Aerospace (NYSE:HWM) Earns Buy Rating from Analysts at Citigroup

Citigroup assumed coverage on shares of Howmet Aerospace (NYSE:HWM) in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $246.00 price target on the stock.

A number of other equities analysts have also recently issued reports on HWM. BNP Paribas raised shares of Howmet Aerospace to a “strong-buy” rating in a report on Tuesday, November 18th. Truist Financial raised their price target on Howmet Aerospace from $202.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Cowen restated a “buy” rating on shares of Howmet Aerospace in a research report on Friday, October 31st. Industrial Alliance Securities set a $240.00 target price on Howmet Aerospace in a research report on Monday, November 3rd. Finally, Morgan Stanley set a $225.00 target price on Howmet Aerospace and gave the company an “overweight” rating in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $218.75.

Howmet Aerospace Stock Performance

HWM stock opened at $198.29 on Thursday. The stock’s 50 day simple moving average is $198.40 and its 200 day simple moving average is $186.61. Howmet Aerospace has a 12-month low of $105.04 and a 12-month high of $211.95. The firm has a market cap of $79.72 billion, a P/E ratio of 55.70, a P/E/G ratio of 2.27 and a beta of 1.32. The company has a current ratio of 2.35, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.04. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.81 earnings per share. Howmet Aerospace has set its FY 2025 guidance at 3.660-3.680 EPS and its Q4 2025 guidance at 0.940-0.960 EPS. As a group, equities research analysts predict that Howmet Aerospace will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Friday, November 7th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, November 7th. Howmet Aerospace’s payout ratio is 13.48%.

Institutional Investors Weigh In On Howmet Aerospace

Several institutional investors have recently bought and sold shares of HWM. Traub Capital Management LLC bought a new position in Howmet Aerospace in the 2nd quarter valued at about $25,000. Winnow Wealth LLC bought a new position in shares of Howmet Aerospace in the second quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. increased its stake in shares of Howmet Aerospace by 119.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock valued at $25,000 after acquiring an additional 73 shares during the period. Tradewinds Capital Management LLC raised its holdings in Howmet Aerospace by 52.0% during the third quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock worth $30,000 after purchasing an additional 52 shares in the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in Howmet Aerospace in the second quarter worth approximately $32,000. Institutional investors and hedge funds 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.