Brokerages Set Howmet Aerospace Inc. (NYSE:HWM) PT at $90.67

Howmet Aerospace Inc. (NYSE:HWM) has received a consensus recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $92.93.

HWM has been the topic of several recent research reports. KeyCorp upped their price objective on Howmet Aerospace from $90.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Northcoast Research restated a “sell” rating and issued a $70.00 target price on shares of Howmet Aerospace in a report on Friday, June 14th. Truist Financial lifted their price target on shares of Howmet Aerospace from $88.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Royal Bank of Canada upped their price objective on shares of Howmet Aerospace from $90.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, Benchmark raised their target price on shares of Howmet Aerospace from $53.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, July 12th.

Insider Buying and Selling at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 70,637 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $96.94, for a total value of $6,847,550.78. Following the transaction, the executive vice president now directly owns 92,687 shares in the company, valued at approximately $8,985,077.78. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Ken Giacobbe sold 154,909 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the completion of the sale, the chief financial officer now directly owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Neil Edward Marchuk sold 70,637 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $96.94, for a total value of $6,847,550.78. Following the completion of the sale, the executive vice president now owns 92,687 shares of the company’s stock, valued at $8,985,077.78. The disclosure for this sale can be found here. 1.12% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HWM. Brown Advisory Inc. acquired a new position in Howmet Aerospace during the 4th quarter worth approximately $204,000. Wells Fargo & Company MN lifted its position in shares of Howmet Aerospace by 18.4% during the fourth quarter. Wells Fargo & Company MN now owns 336,399 shares of the company’s stock worth $18,206,000 after purchasing an additional 52,206 shares in the last quarter. US Bancorp DE lifted its position in shares of Howmet Aerospace by 57.6% during the fourth quarter. US Bancorp DE now owns 34,434 shares of the company’s stock worth $1,864,000 after purchasing an additional 12,579 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Howmet Aerospace by 4.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 103,358 shares of the company’s stock valued at $5,594,000 after purchasing an additional 4,075 shares during the period. Finally, United Services Automobile Association acquired a new stake in Howmet Aerospace during the 4th quarter valued at $653,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Trading Down 0.1 %

Shares of HWM stock opened at $99.22 on Wednesday. The stock has a market cap of $40.50 billion, a P/E ratio of 47.93, a P/E/G ratio of 1.47 and a beta of 1.46. The company has a quick ratio of 0.74, a current ratio of 1.53 and a debt-to-equity ratio of 0.68. Howmet Aerospace has a fifty-two week low of $42.94 and a fifty-two week high of $100.62. The business has a fifty day simple moving average of $93.34 and a 200-day simple moving average of $81.46.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Tuesday, July 30th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.07. Howmet Aerospace had a net margin of 13.15% and a return on equity of 23.02%. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period last year, the firm posted $0.44 EPS. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, analysts forecast that Howmet Aerospace will post 2.59 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date is Friday, November 8th. Howmet Aerospace’s payout ratio is currently 15.46%.

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.