Barclays Increases Howmet Aerospace (NYSE:HWM) Price Target to $85.00

Howmet Aerospace (NYSE:HWM) had its price target raised by analysts at Barclays from $65.00 to $85.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 6.48% from the stock’s previous close.

HWM has been the subject of several other reports. Benchmark reaffirmed a “buy” rating and issued a $53.00 price objective on shares of Howmet Aerospace in a report on Friday, April 19th. Robert W. Baird raised their price objective on shares of Howmet Aerospace from $74.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Truist Financial raised their price objective on shares of Howmet Aerospace from $74.00 to $88.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Royal Bank of Canada raised their price objective on shares of Howmet Aerospace from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Finally, UBS Group raised their price objective on shares of Howmet Aerospace from $57.00 to $66.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Howmet Aerospace currently has an average rating of “Moderate Buy” and a consensus target price of $73.67.

Howmet Aerospace Trading Down 0.4 %

Shares of HWM stock opened at $79.83 on Monday. The company has a 50 day moving average of $66.98 and a 200-day moving average of $58.41. 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 12-month low of $42.17 and a 12-month high of $80.35. The firm has a market cap of $32.59 billion, a P/E ratio of 38.57, a PEG ratio of 1.89 and a beta of 1.41.

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 the consensus estimate of $0.52 by $0.05. Howmet Aerospace had a net margin of 12.53% and a return on equity of 21.33%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the business posted $0.42 EPS. Howmet Aerospace’s quarterly revenue was up 13.8% compared to the same quarter last year. Sell-side analysts anticipate that Howmet Aerospace will post 2.37 earnings per share for the current year.

Insider Transactions at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 45,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the completion of the sale, the executive vice president now directly owns 229,568 shares in the company, valued at $15,482,065.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.12% of the stock is currently owned by insiders.

Institutional Trading of Howmet Aerospace

Several hedge funds and other institutional investors have recently bought and sold shares of HWM. Accurate Wealth Management LLC bought a new stake in Howmet Aerospace during the 4th quarter valued at $2,825,000. First Trust Direct Indexing L.P. grew its stake in shares of Howmet Aerospace by 24.8% in the fourth quarter. First Trust Direct Indexing L.P. now owns 6,381 shares of the company’s stock worth $345,000 after purchasing an additional 1,269 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Howmet Aerospace in the third quarter worth about $1,697,000. QRG Capital Management Inc. purchased a new position in Howmet Aerospace during the 3rd quarter valued at about $407,000. Finally, Cullen Investment Group LTD. purchased a new stake in Howmet Aerospace in the 4th quarter worth approximately $703,000. Institutional investors own 90.46% of the company’s stock.

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.