Howmet Aerospace Inc. (NYSE:HWM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Howmet Aerospace Inc. (NYSE:HWM) have earned a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $123.28.

Several research analysts have weighed in on HWM shares. Barclays increased their target price on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday. Susquehanna increased their target price on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research note on Thursday, November 7th. Truist Financial reaffirmed a “buy” rating and set a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. The Goldman Sachs Group increased their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Morgan Stanley raised their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday.

Institutional Trading of Howmet Aerospace

Several hedge funds have recently added to or reduced their stakes in HWM. Murphy & Mullick Capital Management Corp acquired a new stake in Howmet Aerospace in the fourth quarter valued at approximately $25,000. Meeder Asset Management Inc. raised its holdings in Howmet Aerospace by 208.1% during the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock worth $25,000 after purchasing an additional 154 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Howmet Aerospace in the 4th quarter valued at $25,000. RiverPark Advisors LLC acquired a new position in shares of Howmet Aerospace in the 3rd quarter valued at $26,000. Finally, R Squared Ltd acquired a new position in shares of Howmet Aerospace in the 4th quarter valued at $26,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

Howmet Aerospace stock opened at $129.83 on Friday. Howmet Aerospace has a 12-month low of $62.80 and a 12-month high of $140.55. The stock has a market cap of $52.58 billion, a P/E ratio of 46.04, a PEG ratio of 1.94 and a beta of 1.50. The company has a 50-day moving average price of $121.18 and a 200 day moving average price of $109.59. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. Sell-side analysts anticipate that Howmet Aerospace will post 3.26 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be issued a $0.10 dividend. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.40 annualized dividend and a yield of 0.31%. Howmet Aerospace’s dividend payout ratio (DPR) is 14.18%.

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.