Wells Fargo & Company Forecasts Strong Price Appreciation for Howmet Aerospace (NYSE:HWM) Stock

Howmet Aerospace (NYSE:HWM) had its price target increased by stock analysts at Wells Fargo & Company from $113.00 to $129.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 11.45% from the company’s previous close.

Several other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Sanford C. Bernstein raised their price objective on shares of Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Robert W. Baird boosted their target price on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Royal Bank of Canada raised their price objective on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Truist Financial raised their price target on Howmet Aerospace from $123.00 to $128.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $115.41.

Howmet Aerospace Stock Up 1.9 %

HWM opened at $115.75 on Tuesday. The company has a 50 day moving average of $101.15 and a 200 day moving average of $90.30. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. Howmet Aerospace has a 12 month low of $50.57 and a 12 month high of $116.59. The company has a market cap of $47.02 billion, a PE ratio of 44.18, a price-to-earnings-growth ratio of 1.54 and a beta of 1.46.

Insiders Place Their Bets

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

Institutional Trading of Howmet Aerospace

Institutional investors have recently bought and sold shares of the company. Senator Investment Group LP grew its holdings in shares of Howmet Aerospace by 24.8% during the second quarter. Senator Investment Group LP now owns 156,000 shares of the company’s stock valued at $12,110,000 after buying an additional 31,000 shares during the last quarter. Terra Nova Asset Management LLC purchased a new stake in Howmet Aerospace during the 3rd quarter valued at $1,264,000. Wealthspire Advisors LLC bought a new stake in shares of Howmet Aerospace in the 2nd quarter worth $209,000. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Howmet Aerospace by 1,258.3% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company’s stock worth $206,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Blair William & Co. IL lifted its holdings in shares of Howmet Aerospace by 51.6% during the first quarter. Blair William & Co. IL now owns 25,488 shares of the company’s stock valued at $1,744,000 after purchasing an additional 8,676 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

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.