Howmet Aerospace (HWM) – Research Analysts’ Weekly Ratings Changes

Posted by Anthony Miller on Nov 14th, 2024

A number of research firms have changed their ratings and price targets for Howmet Aerospace (NYSE: HWM):

11/13/2024 – Howmet Aerospace had its price target raised by analysts at Bank of America Co. from $100.00 to $135.00. They now have a “buy” rating on the stock.
11/12/2024 – Howmet Aerospace had its price target raised by analysts at Wells Fargo & Company from $113.00 to $129.00. They now have an “overweight” rating on the stock.
11/11/2024 – Howmet Aerospace had its price target raised by analysts at Barclays PLC from $100.00 to $130.00. They now have an “overweight” rating on the stock.
11/7/2024 – Howmet Aerospace had its price target raised by analysts at Susquehanna from $120.00 to $132.00. They now have a “positive” rating on the stock.
11/7/2024 – Howmet Aerospace had its price target raised by analysts at Robert W. Baird from $113.00 to $144.00. They now have an “outperform” rating on the stock.
11/7/2024 – Howmet Aerospace had its price target raised by analysts at Royal Bank of Canada from $105.00 to $135.00. They now have an “outperform” rating on the stock.
11/7/2024 – Howmet Aerospace had its price target raised by analysts at UBS Group AG from $103.00 to $120.00. They now have a “neutral” rating on the stock.
11/7/2024 – Howmet Aerospace had its price target raised by analysts at Truist Financial Co. from $123.00 to $128.00. They now have a “buy” rating on the stock.
10/24/2024 – Howmet Aerospace was downgraded by analysts at KeyCorp from an “overweight” rating to a “sector weight” rating.
10/21/2024 – Howmet Aerospace had its price target raised by analysts at Sanford C. Bernstein from $113.00 to $127.00. They now have an “outperform” rating on the stock.
10/18/2024 – Howmet Aerospace had its price target raised by analysts at Truist Financial Co. from $105.00 to $123.00. They now have a “buy” rating on the stock.
10/8/2024 – Howmet Aerospace is now covered by analysts at Susquehanna. They set a “positive” rating and a $120.00 price target on the stock.
10/3/2024 – Howmet Aerospace had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $106.00 to $125.00. They now have a “buy” rating on the stock.

Howmet Aerospace Stock Up 1.9 %

Shares of NYSE:HWM opened at $115.75 on Thursday. Howmet Aerospace Inc. has a 12-month low of $50.57 and a 12-month high of $116.59. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The stock’s 50-day moving average price is $101.15 and its 200-day moving average price is $90.30. The stock has a market capitalization of $47.02 billion, a P/E ratio of 44.18, a price-to-earnings-growth ratio of 1.54 and a beta of 1.46.

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be paid a $0.08 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. Howmet Aerospace’s dividend payout ratio (DPR) is currently 12.21%.

Insider Buying and Selling at Howmet Aerospace

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Headlands Technologies LLC purchased a new position in shares of Howmet Aerospace during the first quarter valued at approximately $75,000. Russell Investments Group Ltd. increased its position in Howmet Aerospace by 37.6% during the 1st quarter. Russell Investments Group Ltd. now owns 270,300 shares of the company’s stock valued at $18,497,000 after purchasing an additional 73,908 shares during the period. Avantax Advisory Services Inc. purchased a new position in Howmet Aerospace during the 1st quarter valued at $259,000. Bleakley Financial Group LLC raised its holdings in Howmet Aerospace by 3.2% in the 1st quarter. Bleakley Financial Group LLC now owns 5,080 shares of the company’s stock worth $348,000 after purchasing an additional 158 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Howmet Aerospace by 18.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 452,643 shares of the company’s stock worth $30,974,000 after purchasing an additional 69,662 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

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.