Howmet Aerospace (NYSE:HWM) Price Target Raised to $140.00

Howmet Aerospace (NYSE:HWM) had its price target lifted by equities research analysts at Barclays from $130.00 to $140.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 0.46% from the stock’s current price.

Several other brokerages have also weighed in on HWM. Truist Financial restated a “buy” rating and issued a $140.00 price objective (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. 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 report on Thursday, November 7th. Wells Fargo & Company increased their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. increased their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Finally, Sanford C. Bernstein increased their price objective on shares of Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.28.

Howmet Aerospace Price Performance

HWM opened at $139.36 on Tuesday. Howmet Aerospace has a one year low of $62.70 and a one year high of $140.55. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The company’s 50 day simple moving average is $120.37 and its 200-day simple moving average is $109.09. The stock has a market capitalization of $56.62 billion, a P/E ratio of 49.42, a price-to-earnings-growth ratio of 1.51 and a beta of 1.50.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Sell-side analysts anticipate that Howmet Aerospace will post 3.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Howmet Aerospace

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Murphy & Mullick Capital Management Corp bought a new position in Howmet Aerospace in the fourth quarter valued at $25,000. Meeder Asset Management Inc. grew its position in Howmet Aerospace by 208.1% in the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock valued at $25,000 after purchasing an additional 154 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in Howmet Aerospace in the fourth quarter valued at $25,000. RiverPark Advisors LLC bought a new position in Howmet Aerospace in the third quarter valued at $26,000. Finally, R Squared Ltd bought a new position in Howmet Aerospace in the fourth quarter valued at $26,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

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.