Howmet Aerospace (NYSE:HWM) Price Target Raised to $132.00

Howmet Aerospace (NYSE:HWM) had its price objective boosted by Wells Fargo & Company from $129.00 to $132.00 in a report released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

HWM has been the subject of several other research reports. UBS Group boosted their target price on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. KeyCorp lowered Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Royal Bank of Canada upped their price objective on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Robert W. Baird lifted their target price on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Truist Financial boosted their target price on shares of Howmet Aerospace from $123.00 to $128.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.59.

Howmet Aerospace Price Performance

Howmet Aerospace stock opened at $113.47 on Wednesday. Howmet Aerospace has a 12-month low of $52.36 and a 12-month high of $120.71. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average price of $110.03 and a 200-day moving average price of $95.99. The firm has a market capitalization of $46.10 billion, a PE ratio of 43.31, a price-to-earnings-growth ratio of 1.56 and a beta of 1.48.

Howmet Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend was Friday, November 8th. Howmet Aerospace’s dividend payout ratio (DPR) is 12.21%.

Institutional Trading of Howmet Aerospace

A number of hedge funds have recently bought and sold shares of HWM. Senator Investment Group LP raised its position in shares of Howmet Aerospace by 24.8% in the 2nd quarter. Senator Investment Group LP now owns 156,000 shares of the company’s stock worth $12,110,000 after acquiring an additional 31,000 shares in the last quarter. Terra Nova Asset Management LLC bought a new position in Howmet Aerospace in the third quarter worth about $1,264,000. Stifel Financial Corp raised its holdings in Howmet Aerospace by 12.1% in the third quarter. Stifel Financial Corp now owns 263,830 shares of the company’s stock worth $26,450,000 after purchasing an additional 28,568 shares in the last quarter. Wealthspire Advisors LLC purchased a new stake in shares of Howmet Aerospace during the second quarter valued at about $209,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Howmet Aerospace by 1,258.3% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company’s stock valued at $206,000 after buying an additional 1,900 shares in the last quarter. Hedge funds and other institutional investors 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.