Howmet Aerospace (NYSE:HWM) Given New $105.00 Price Target at Royal Bank of Canada

Howmet Aerospace (NYSE:HWM) had its price target upped by investment analysts at Royal Bank of Canada from $90.00 to $105.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 11.92% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. BTIG Research assumed coverage on Howmet Aerospace in a report on Wednesday, June 26th. They issued a “buy” rating and a $95.00 price objective for the company. Robert W. Baird boosted their target price on Howmet Aerospace from $84.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday. Northcoast Research reissued a “sell” rating and issued a $70.00 target price on shares of Howmet Aerospace in a research note on Friday, June 14th. The Goldman Sachs Group upped their price target on Howmet Aerospace from $77.00 to $87.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, Argus upped their price target on Howmet Aerospace from $75.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Howmet Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $81.35.

Howmet Aerospace Price Performance

Howmet Aerospace stock traded up $0.01 during midday trading on Wednesday, hitting $93.82. 576,373 shares of the company’s stock were exchanged, compared to its average volume of 3,219,127. Howmet Aerospace has a 52-week low of $42.94 and a 52-week high of $94.89. The stock has a 50-day moving average price of $81.38 and a two-hundred day moving average price of $71.45. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.92 and a current ratio of 1.97. The company has a market cap of $38.30 billion, a P/E ratio of 45.32, a PEG ratio of 1.51 and a beta of 1.45.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.07. Howmet Aerospace had a return on equity of 21.33% and a net margin of 12.53%. The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period in the prior year, the business earned $0.44 EPS. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, equities research analysts forecast that Howmet Aerospace will post 2.39 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Neil Edward Marchuk sold 32,614 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $84.26, for a total value of $2,748,055.64. Following the sale, the executive vice president now owns 217,687 shares in the company, valued at approximately $18,342,306.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.12% of the stock is currently owned by company insiders.

Institutional Trading of Howmet Aerospace

Several hedge funds and other institutional investors have recently made changes to their positions in HWM. Cultivar Capital Inc. purchased a new stake in shares of Howmet Aerospace in the 2nd quarter worth approximately $26,000. Rothschild Investment LLC purchased a new stake in Howmet Aerospace during the 2nd quarter valued at $32,000. Versant Capital Management Inc boosted its stake in Howmet Aerospace by 1,209.1% during the 2nd quarter. Versant Capital Management Inc now owns 432 shares of the company’s stock valued at $34,000 after purchasing an additional 399 shares during the last quarter. Whittier Trust Co. boosted its stake in Howmet Aerospace by 81.4% during the 1st quarter. Whittier Trust Co. now owns 508 shares of the company’s stock valued at $35,000 after purchasing an additional 228 shares during the last quarter. Finally, AlphaCentric Advisors LLC purchased a new stake in Howmet Aerospace during the 2nd quarter valued at $36,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

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.