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

Howmet Aerospace Inc. (NYSE:HWM) has been assigned an average rating of “Moderate Buy” from the fifteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $90.67.

Several research analysts have commented on the company. Wells Fargo & Company boosted their target price on Howmet Aerospace from $72.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. Robert W. Baird upped their price objective on Howmet Aerospace from $84.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Royal Bank of Canada upped their price objective on Howmet Aerospace from $90.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Argus upped their price objective on Howmet Aerospace from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Finally, Benchmark upped their price objective on Howmet Aerospace from $53.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, July 12th.

Insider Activity at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 32,614 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $84.26, for a total value of $2,748,055.64. Following the sale, the executive vice president now directly owns 217,687 shares in the company, valued at $18,342,306.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Howmet Aerospace news, CFO Ken Giacobbe sold 154,909 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the transaction, the chief financial officer now directly owns 155,135 shares in the company, valued at approximately $14,982,938.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Neil Edward Marchuk sold 32,614 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $84.26, for a total value of $2,748,055.64. Following the transaction, the executive vice president now owns 217,687 shares in the company, valued at $18,342,306.62. The disclosure for this sale can be found here. Insiders have sold 258,160 shares of company stock worth $24,556,718 over the last ninety days. Insiders own 1.12% of the company’s stock.

Hedge Funds Weigh In On Howmet Aerospace

A number of institutional investors and hedge funds have recently modified their holdings of the business. Blair William & Co. IL lifted its holdings in shares of Howmet Aerospace by 51.6% in the 1st quarter. Blair William & Co. IL now owns 25,488 shares of the company’s stock worth $1,744,000 after purchasing an additional 8,676 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of Howmet Aerospace by 70.1% in the 1st quarter. Los Angeles Capital Management LLC now owns 1,273,290 shares of the company’s stock worth $87,131,000 after purchasing an additional 524,805 shares in the last quarter. Quadrature Capital Ltd lifted its holdings in shares of Howmet Aerospace by 303.8% in the 4th quarter. Quadrature Capital Ltd now owns 23,629 shares of the company’s stock worth $1,279,000 after purchasing an additional 17,777 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of Howmet Aerospace by 39.0% in the 4th quarter. National Bank of Canada FI now owns 120,557 shares of the company’s stock worth $6,477,000 after purchasing an additional 33,844 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of Howmet Aerospace by 67.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 80,414 shares of the company’s stock worth $5,431,000 after purchasing an additional 32,431 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Stock Down 0.3 %

Shares of NYSE HWM opened at $96.66 on Friday. The company has a current ratio of 1.53, a quick ratio of 0.92 and a debt-to-equity ratio of 0.68. The company has a market cap of $39.45 billion, a price-to-earnings ratio of 46.70, a PEG ratio of 1.58 and a beta of 1.45. Howmet Aerospace has a 12 month low of $42.94 and a 12 month high of $98.15. The stock has a 50-day moving average price of $86.64 and a two-hundred day moving average price of $77.26.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Tuesday, July 30th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.60 by $0.07. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.83 billion. Howmet Aerospace had a return on equity of 23.02% and a net margin of 13.15%. The business’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 earnings per share. As a group, analysts forecast that Howmet Aerospace will post 2.6 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Friday, August 9th were issued a $0.08 dividend. The ex-dividend date was Friday, August 9th. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.05. This represents a $0.32 annualized dividend and a yield of 0.33%. Howmet Aerospace’s dividend payout ratio is presently 15.46%.

Howmet Aerospace Company Profile

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.