Argus Increases Howmet Aerospace (NYSE:HWM) Price Target to $90.00

Howmet Aerospace (NYSE:HWM) had its target price lifted by Argus from $75.00 to $90.00 in a research report sent to investors on Monday, Benzinga reports. Argus currently has a buy rating on the stock.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. upped their price objective on Howmet Aerospace from $55.00 to $60.00 and gave the stock an overweight rating in a report on Wednesday, February 14th. Barclays upped their price target on Howmet Aerospace from $65.00 to $85.00 and gave the stock an overweight rating in a research note on Monday. Wells Fargo & Company lifted their price objective on Howmet Aerospace from $72.00 to $88.00 and gave the company an overweight rating in a research note on Monday. KeyCorp increased their target price on shares of Howmet Aerospace from $60.00 to $70.00 and gave the stock an overweight rating in a research report on Wednesday, February 21st. Finally, The Goldman Sachs Group lifted their price target on shares of Howmet Aerospace from $77.00 to $87.00 and gave the company a buy rating in a research report on Friday, May 3rd. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Howmet Aerospace presently has an average rating of Moderate Buy and an average price target of $73.67.

Howmet Aerospace Trading Up 2.0 %

Shares of Howmet Aerospace stock opened at $81.42 on Monday. The firm has a market cap of $33.23 billion, a PE ratio of 39.33, a P/E/G ratio of 1.89 and a beta of 1.41. The company has a quick ratio of 0.92, a current ratio of 1.97 and a debt-to-equity ratio of 0.86. Howmet Aerospace has a fifty-two week low of $42.17 and a fifty-two week high of $81.47. The business’s fifty day moving average is $67.26 and its two-hundred day moving average is $58.67.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.74 billion. Howmet Aerospace had a return on equity of 21.33% and a net margin of 12.53%. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the company earned $0.42 EPS. Analysts anticipate that Howmet Aerospace will post 2.37 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend is Thursday, May 9th. Howmet Aerospace’s payout ratio is currently 9.66%.

Insider Transactions at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 45,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the sale, the executive vice president now directly owns 229,568 shares of the company’s stock, valued at approximately $15,482,065.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.12% of the company’s stock.

Hedge Funds Weigh In On Howmet Aerospace

A number of large investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Howmet Aerospace during the 4th quarter worth approximately $508,006,000. JPMorgan Chase & Co. increased its position in Howmet Aerospace by 118.7% in the third quarter. JPMorgan Chase & Co. now owns 13,239,071 shares of the company’s stock worth $612,307,000 after buying an additional 7,184,620 shares during the period. FMR LLC lifted its stake in Howmet Aerospace by 21.2% in the third quarter. FMR LLC now owns 15,086,149 shares of the company’s stock valued at $697,734,000 after buying an additional 2,635,894 shares during the last quarter. TD Asset Management Inc boosted its holdings in shares of Howmet Aerospace by 986.0% during the first quarter. TD Asset Management Inc now owns 2,697,449 shares of the company’s stock valued at $184,586,000 after acquiring an additional 2,449,057 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Howmet Aerospace by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 45,247,674 shares of the company’s stock worth $2,448,804,000 after acquiring an additional 1,274,974 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

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.