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

Howmet Aerospace Inc. (NYSE:HWM) has received a consensus recommendation of “Moderate Buy” from the eighteen analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $123.28.

HWM has been the subject of several analyst reports. Morgan Stanley increased their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Wells Fargo & Company raised their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Barclays increased their target price on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Truist Financial restated a “buy” rating and set a $140.00 price target (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, February 14th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions 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. lifted its stake in shares of Howmet Aerospace by 208.1% during the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock valued at $25,000 after buying an additional 154 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in Howmet Aerospace in the 4th quarter worth approximately $25,000. R Squared Ltd purchased a new position in Howmet Aerospace in the 4th quarter valued at approximately $26,000. Finally, Washington Trust Advisors Inc. bought a new stake in Howmet Aerospace during the 4th quarter valued at $29,000. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Up 1.1 %

Shares of Howmet Aerospace stock opened at $137.64 on Wednesday. The stock has a market capitalization of $55.75 billion, a PE ratio of 48.81, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54. Howmet Aerospace has a 52 week low of $62.80 and a 52 week high of $140.55. The stock has a 50 day moving average price of $128.89 and a two-hundred day moving average price of $115.23. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data 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. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. As a group, equities analysts anticipate that Howmet Aerospace will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a $0.10 dividend. The ex-dividend date was Friday, February 7th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.29%. Howmet Aerospace’s payout ratio is presently 14.18%.

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.