Howmet Aerospace (NYSE:HWM) Downgraded to “Hold” Rating by Wall Street Zen

Howmet Aerospace (NYSE:HWM) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other research firms have also issued reports on HWM. Industrial Alliance Securities set a $240.00 price objective on Howmet Aerospace in a research note on Monday, November 3rd. UBS Group increased their price objective on Howmet Aerospace from $199.00 to $209.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Truist Financial set a $258.00 target price on Howmet Aerospace in a research report on Friday. Cowen reissued a “buy” rating on shares of Howmet Aerospace in a report on Friday, October 31st. Finally, Susquehanna set a $235.00 target price on Howmet Aerospace and gave the company a “positive” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $222.82.

Howmet Aerospace Stock Performance

NYSE HWM opened at $218.24 on Friday. The company has a market capitalization of $87.75 billion, a PE ratio of 61.30, a price-to-earnings-growth ratio of 2.00 and a beta of 1.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 2.35. Howmet Aerospace has a 52-week low of $105.04 and a 52-week high of $219.39. The company has a 50-day simple moving average of $203.35 and a 200 day simple moving average of $191.40.

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 analysts’ consensus estimates of $0.91 by $0.04. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the firm earned $0.81 EPS. The company’s revenue was up 13.8% compared to the same quarter last year. 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. On average, research analysts predict that Howmet Aerospace will post 3.27 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Traub Capital Management LLC bought a new position in shares of Howmet Aerospace in the 2nd quarter worth about $25,000. Winnow Wealth LLC purchased a new stake in shares of Howmet Aerospace in the 2nd quarter worth approximately $25,000. Newbridge Financial Services Group Inc. increased its position in Howmet Aerospace by 119.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock valued at $25,000 after buying an additional 73 shares in the last quarter. Tradewinds Capital Management LLC raised its stake in Howmet Aerospace by 52.0% during the third quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock valued at $30,000 after buying an additional 52 shares during the last quarter. Finally, Manning & Napier Advisors LLC bought a new stake in Howmet Aerospace in the third quarter worth $32,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

About Howmet Aerospace

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.