Brokerages Set Howmet Aerospace Inc. (NYSE:HWM) Price Target at $115.59

Shares of Howmet Aerospace Inc. (NYSE:HWM) have earned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $115.59.

Several equities research analysts recently commented on HWM shares. Deutsche Bank Aktiengesellschaft raised their target price on Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Susquehanna increased their price objective on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research report on Thursday, November 7th. KeyCorp cut shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. UBS Group raised their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada lifted their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th.

Howmet Aerospace Stock Up 1.8 %

Shares of NYSE HWM opened at $112.76 on Friday. The stock has a fifty day moving average price of $112.26 and a 200 day moving average price of $99.14. The company has a market cap of $45.81 billion, a P/E ratio of 43.04, a P/E/G ratio of 1.56 and a beta of 1.49. Howmet Aerospace has a 12-month low of $52.56 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.

Hedge Funds Weigh In On Howmet Aerospace

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in shares of Howmet Aerospace by 8.2% during the third quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock worth $1,775,578,000 after purchasing an additional 1,336,592 shares during the period. State Street Corp grew its position in shares of Howmet Aerospace by 2.3% during the 3rd quarter. State Street Corp now owns 17,440,176 shares of the company’s stock valued at $1,748,378,000 after buying an additional 384,171 shares during the last quarter. Geode Capital Management LLC raised its stake in Howmet Aerospace by 5.0% during the third quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock worth $949,382,000 after acquiring an additional 453,275 shares during the period. Lone Pine Capital LLC bought a new position in Howmet Aerospace in the second quarter worth about $284,539,000. Finally, TD Asset Management Inc boosted its stake in Howmet Aerospace by 16.9% in the second quarter. TD Asset Management Inc now owns 3,152,629 shares of the company’s stock valued at $244,739,000 after acquiring an additional 455,180 shares during the period. Institutional investors and hedge funds 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.