Howmet Aerospace (NYSE:HWM) Stock Rating Upgraded by Northcoast Research

Northcoast Research upgraded shares of Howmet Aerospace (NYSE:HWM) from a sell rating to a neutral rating in a research report released on Wednesday, MarketBeat Ratings reports.

Other analysts have also issued research reports about the stock. Barclays lifted their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. upped their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, February 14th. The Goldman Sachs Group raised their target price on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Morgan Stanley upped their price target on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Finally, Truist Financial reissued a “buy” rating and issued a $140.00 price objective (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Howmet Aerospace currently has an average rating of “Moderate Buy” and a consensus price target of $123.28.

Howmet Aerospace Trading Down 1.8 %

HWM traded down $2.33 during trading on Wednesday, reaching $125.76. 1,868,112 shares of the stock traded hands, compared to its average volume of 2,750,545. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The stock’s 50-day moving average is $128.84 and its 200 day moving average is $117.67. Howmet Aerospace has a 12 month low of $62.80 and a 12 month high of $140.55. The stock has a market capitalization of $50.94 billion, a PE ratio of 44.63, a P/E/G ratio of 1.92 and a beta of 1.25.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Equities analysts anticipate that Howmet Aerospace will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Tuesday, July 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.32%. Howmet Aerospace’s dividend payout ratio is currently 14.18%.

Institutional Investors Weigh In On Howmet Aerospace

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vista Investment Partners LLC bought a new position in shares of Howmet Aerospace in the fourth quarter valued at approximately $531,000. Genesis Private Wealth LLC bought a new position in Howmet Aerospace in the 4th quarter valued at $249,000. Ameritas Advisory Services LLC purchased a new position in shares of Howmet Aerospace during the 4th quarter valued at $289,000. Geneos Wealth Management Inc. grew its position in shares of Howmet Aerospace by 303.1% during the 4th quarter. Geneos Wealth Management Inc. now owns 10,960 shares of the company’s stock valued at $1,199,000 after purchasing an additional 8,241 shares in the last quarter. Finally, Park Avenue Securities LLC increased its holdings in shares of Howmet Aerospace by 150.5% in the fourth quarter. Park Avenue Securities LLC now owns 10,707 shares of the company’s stock worth $1,171,000 after purchasing an additional 6,433 shares during the period. 90.46% of the stock is currently owned by institutional investors.

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.