Analysts Set Howmet Aerospace Inc. (NYSE:HWM) Price Target at $123.28

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

Several brokerages have weighed in on HWM. The Goldman Sachs Group increased their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. increased their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Truist Financial reaffirmed a “buy” rating and issued a $140.00 price target (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Wells Fargo & Company raised their price target on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Finally, Morgan Stanley raised their price target on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th.

Institutional Investors Weigh In On Howmet Aerospace

Large investors have recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp purchased a new stake in Howmet Aerospace during the fourth quarter valued at about $25,000. Meeder Asset Management Inc. raised its position in Howmet Aerospace by 208.1% during 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 purchased a new stake in Howmet Aerospace during the fourth quarter valued at about $25,000. R Squared Ltd purchased a new stake in Howmet Aerospace during the fourth quarter valued at about $26,000. Finally, Washington Trust Advisors Inc. purchased a new stake in Howmet Aerospace during the fourth quarter valued at about $29,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

HWM stock opened at $130.70 on Wednesday. The firm has a market cap of $52.94 billion, a PE ratio of 46.35, a P/E/G ratio of 1.92 and a beta of 1.54. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The business has a 50 day moving average of $128.09 and a 200-day moving average of $114.31. Howmet Aerospace has a 12-month low of $62.80 and a 12-month high of $140.55.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. As a group, sell-side analysts expect that Howmet Aerospace will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date was Friday, February 7th. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio (DPR) is 14.18%.

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.