Howmet Aerospace (NYSE:HWM) Price Target Raised to $139.00

Howmet Aerospace (NYSE:HWM) had its price objective hoisted by The Goldman Sachs Group from $124.00 to $139.00 in a research report released on Tuesday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

A number of other brokerages also recently weighed in on HWM. JPMorgan Chase & Co. boosted their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Barclays boosted their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday. Truist Financial reaffirmed a “buy” rating and set a $140.00 price objective (up from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. UBS Group boosted their price objective on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company boosted their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $123.28.

Howmet Aerospace Stock Down 0.9 %

Howmet Aerospace stock opened at $138.16 on Tuesday. The company’s 50-day moving average price is $120.86 and its two-hundred day moving average price is $109.29. The stock has a market cap of $55.96 billion, a price-to-earnings ratio of 48.99, a PEG ratio of 1.51 and a beta of 1.50. 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 has a 52 week low of $62.80 and a 52 week high of $140.55.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. On average, analysts expect that Howmet Aerospace will post 3.24 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.29%. 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. Howmet Aerospace’s payout ratio is presently 14.18%.

Hedge Funds Weigh In On Howmet Aerospace

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Howmet Aerospace by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company’s stock valued at $5,153,220,000 after buying an additional 352,256 shares during the period. JPMorgan Chase & Co. increased its holdings in Howmet Aerospace by 14.0% in the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company’s stock valued at $2,209,071,000 after buying an additional 2,486,649 shares during the period. State Street Corp increased its holdings in Howmet Aerospace by 2.3% in the 3rd quarter. State Street Corp now owns 17,440,176 shares of the company’s stock valued at $1,748,378,000 after buying an additional 384,171 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Howmet Aerospace by 0.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,213,937 shares of the company’s stock valued at $1,445,210,000 after buying an additional 80,972 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in Howmet Aerospace by 10.3% in the 4th quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company’s stock valued at $1,197,315,000 after buying an additional 1,026,130 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

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.