Howmet Aerospace (NYSE:HWM) PT Raised to $125.00

Howmet Aerospace (NYSE:HWM) had its price objective hoisted by Deutsche Bank Aktiengesellschaft from $106.00 to $125.00 in a research report released on Thursday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Several other research analysts have also recently commented on the company. Royal Bank of Canada increased their price target on Howmet Aerospace from $90.00 to $105.00 and gave the company an outperform rating in a research report on Wednesday, July 31st. Benchmark raised their target price on shares of Howmet Aerospace from $53.00 to $85.00 and gave the company a buy rating in a research note on Friday, July 12th. Northcoast Research reaffirmed a sell rating and set a $70.00 price target on shares of Howmet Aerospace in a research report on Friday, June 14th. Robert W. Baird increased their price target on shares of Howmet Aerospace from $84.00 to $113.00 and gave the company an outperform rating in a research note on Wednesday, July 31st. Finally, KeyCorp boosted their price objective on shares of Howmet Aerospace from $90.00 to $105.00 and gave the stock an overweight rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $95.07.

Howmet Aerospace Trading Up 1.3 %

NYSE:HWM opened at $102.03 on Thursday. The company has a market cap of $41.65 billion, a P/E ratio of 49.29, a price-to-earnings-growth ratio of 1.47 and a beta of 1.46. Howmet Aerospace has a twelve month low of $42.94 and a twelve month high of $103.00. The business has a 50 day moving average price of $95.29 and a two-hundred day moving average price of $82.78. The company has a quick ratio of 0.74, a current ratio of 1.53 and a debt-to-equity ratio of 0.68.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Tuesday, July 30th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.07. Howmet Aerospace had a net margin of 13.15% and a return on equity of 23.02%. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the firm earned $0.44 earnings per share. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, analysts expect that Howmet Aerospace will post 2.59 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend is Friday, November 8th. Howmet Aerospace’s dividend payout ratio is presently 15.46%.

Insider Activity

In related news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the completion of the sale, the executive vice president now directly owns 92,687 shares of the company’s stock, valued at approximately $8,985,077.78. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total value of $6,847,550.78. Following the transaction, the executive vice president now directly owns 92,687 shares of the company’s stock, valued at $8,985,077.78. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total value of $14,961,111.22. Following the sale, the chief financial officer now directly owns 155,135 shares of the company’s stock, valued at $14,982,938.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.12% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Cultivar Capital Inc. bought a new stake in shares of Howmet Aerospace in the second quarter valued at approximately $26,000. LGT Financial Advisors LLC grew its holdings in shares of Howmet Aerospace by 278.7% during the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock worth $28,000 after purchasing an additional 262 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of Howmet Aerospace in the second quarter worth $32,000. Versant Capital Management Inc raised its stake in Howmet Aerospace by 1,209.1% in the second quarter. Versant Capital Management Inc now owns 432 shares of the company’s stock valued at $34,000 after purchasing an additional 399 shares in the last quarter. Finally, Whittier Trust Co. raised its stake in Howmet Aerospace by 81.4% in the first quarter. Whittier Trust Co. now owns 508 shares of the company’s stock valued at $35,000 after purchasing an additional 228 shares in the last quarter. Institutional investors and hedge funds 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.