Howmet Aerospace Inc. (NYSE:HWM) Receives $74.69 Average PT from Brokerages

Shares of Howmet Aerospace Inc. (NYSE:HWM) have been given an average recommendation of “Moderate Buy” by the sixteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $74.69.

Several equities research analysts recently commented on the company. Wells Fargo & Company increased their price objective on Howmet Aerospace from $72.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday, May 6th. Robert W. Baird raised their price objective on Howmet Aerospace from $74.00 to $84.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Argus boosted their price target on Howmet Aerospace from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Barclays boosted their price target on Howmet Aerospace from $65.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. Finally, Truist Financial upped their price objective on Howmet Aerospace from $74.00 to $88.00 and gave the stock a “buy” rating in a report on Friday, May 3rd.

Insider Buying and Selling

In related news, EVP Neil Edward Marchuk sold 32,614 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was 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 directly owns 217,687 shares in the company, valued at approximately $18,342,306.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.12% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Howmet Aerospace

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HWM. Whittier Trust Co. raised its stake in shares of Howmet Aerospace by 81.4% in the first quarter. Whittier Trust Co. now owns 508 shares of the company’s stock worth $35,000 after purchasing an additional 228 shares during the last quarter. Headinvest LLC purchased a new position in shares of Howmet Aerospace in the third quarter valued at approximately $30,000. Lindbrook Capital LLC lifted its position in shares of Howmet Aerospace by 34.4% in the fourth quarter. Lindbrook Capital LLC now owns 894 shares of the company’s stock valued at $48,000 after acquiring an additional 229 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Howmet Aerospace by 62.9% in the fourth quarter. Quadrant Capital Group LLC now owns 976 shares of the company’s stock valued at $53,000 after acquiring an additional 377 shares in the last quarter. Finally, Fidelis Capital Partners LLC purchased a new position in shares of Howmet Aerospace in the first quarter valued at approximately $68,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Price Performance

HWM opened at $80.20 on Monday. The stock has a fifty day simple moving average of $77.09 and a two-hundred day simple moving average of $65.95. The company has a current ratio of 1.97, a quick ratio of 0.92 and a debt-to-equity ratio of 0.86. The company has a market cap of $32.74 billion, a price-to-earnings ratio of 38.74, a price-to-earnings-growth ratio of 1.47 and a beta of 1.50. Howmet Aerospace has a 12-month low of $42.94 and a 12-month high of $85.52.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.05. Howmet Aerospace had a return on equity of 21.33% and a net margin of 12.53%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the company earned $0.42 earnings per share. The company’s revenue was up 13.8% on a year-over-year basis. Research analysts predict that Howmet Aerospace will post 2.39 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Friday, May 10th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date was Thursday, May 9th. Howmet Aerospace’s payout ratio is 9.66%.

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.