Howmet Aerospace Inc. (NYSE:HWM) Receives $66.00 Consensus PT from Brokerages

Howmet Aerospace Inc. (NYSE:HWM) has received a consensus rating of “Moderate Buy” from the fourteen research firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $66.00.

A number of research analysts have commented on the company. The Goldman Sachs Group upped their price target on Howmet Aerospace from $65.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Robert W. Baird upped their price objective on Howmet Aerospace from $65.00 to $74.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. UBS Group upped their price objective on Howmet Aerospace from $57.00 to $66.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Royal Bank of Canada assumed coverage on Howmet Aerospace in a research report on Monday, March 18th. They set an “outperform” rating and a $75.00 price objective on the stock. Finally, Truist Financial raised Howmet Aerospace from a “hold” rating to a “buy” rating and upped their price objective for the stock from $47.00 to $74.00 in a research report on Wednesday, January 10th.

Howmet Aerospace Trading Down 0.5 %

Shares of Howmet Aerospace stock opened at $66.75 on Friday. Howmet Aerospace has a 1-year low of $42.17 and a 1-year high of $69.55. The stock has a market cap of $27.26 billion, a P/E ratio of 36.48, a P/E/G ratio of 1.73 and a beta of 1.43. The stock’s 50 day simple moving average is $66.13 and its 200-day simple moving average is $57.53. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.86 and a quick ratio of 0.87.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. Howmet Aerospace had a return on equity of 20.12% and a net margin of 11.52%. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the prior year, the firm posted $0.38 earnings per share. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. Analysts predict that Howmet Aerospace will post 2.18 EPS for the current fiscal 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 issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend is Thursday, May 9th. Howmet Aerospace’s payout ratio is 10.93%.

Insiders Place Their Bets

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 45,000 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 229,568 shares of the company’s stock, valued at $15,482,065.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.12% of the company’s stock.

Institutional Investors Weigh In On Howmet Aerospace

Hedge funds have recently made changes to their positions in the business. Accurate Wealth Management LLC acquired a new stake in shares of Howmet Aerospace during the fourth quarter worth about $2,825,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Howmet Aerospace in the third quarter valued at about $1,697,000. QRG Capital Management Inc. acquired a new stake in Howmet Aerospace in the third quarter valued at about $407,000. Cullen Investment Group LTD. acquired a new stake in Howmet Aerospace in the fourth quarter valued at about $703,000. Finally, Victory Capital Management Inc. lifted its position in Howmet Aerospace by 15.0% in the third quarter. Victory Capital Management Inc. now owns 347,072 shares of the company’s stock valued at $16,052,000 after purchasing an additional 45,246 shares during the period. Institutional investors and hedge funds 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.