Howmet Aerospace Inc. (HWM) - What Are Analysts Thinking About This Stock?

Key Points

• Analyst sentiment is broadly positive: 19 of 23 covering firms rate Howmet Aerospace a buy and one rates it a strong buy, for an overall “Moderate Buy” consensus. The average one-year price target is $295.81.
• Quarterly results beat expectations: Howmet reported EPS of $1.46 versus $1.37 expected and revenue of $2.70 billion versus $2.59 billion expected; revenue rose 29.4% year over year.
• The company declared a quarterly dividend of $0.14 per share, equivalent to $0.56 annually and a 0.3% yield.

Shares of Howmet Aerospace Inc. (NYSE:HWM - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twenty-three research firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, nineteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $295.81.

A number of research firms have issued reports on HWM. Deutsche Bank Aktiengesellschaft boosted their price target on Howmet Aerospace from $338.00 to $343.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Royal Bank Of Canada cut their price objective on Howmet Aerospace from $350.00 to $300.00 and set an "outperform" rating on the stock in a report on Thursday, October 15th. Guggenheim assumed coverage on Howmet Aerospace in a research note on Monday, September 14th. They issued a "buy" rating and a $350.00 price objective on the stock. Zacks Research lowered Howmet Aerospace from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 9th. Finally, BNP Paribas Exane decreased their price objective on shares of Howmet Aerospace from $310.00 to $250.00 and set an "outperform" rating for the company in a research note on Friday, October 30th.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $205.79 on Monday. The company has a market cap of $81.83 billion, a P/E ratio of 40.27, a P/E/G ratio of 1.50 and a beta of 1.31. The firm's 50 day moving average is $223.40 and its two-hundred day moving average is $248.22. Howmet Aerospace has a fifty-two week low of $183.52 and a fifty-two week high of $310.00. The company has a quick ratio of 0.90, a current ratio of 1.86 and a debt-to-equity ratio of 0.70.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.09. The company had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $2.59 billion. Howmet Aerospace had a net margin of 21.10% and a return on equity of 36.44%. The business's quarterly revenue was up 29.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.95 EPS. Analysts expect that Howmet Aerospace will post 5.49 EPS for the current year.

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Friday, November 6th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, November 6th. Howmet Aerospace's dividend payout ratio is currently 10.96%.

Institutional Trading of Howmet Aerospace

A number of hedge funds have recently made changes to their positions in the company. West Paces Advisors Inc. acquired a new stake in shares of Howmet Aerospace in the 2nd quarter valued at $27,000. Bartlett & CO. Wealth Management LLC grew its holdings in Howmet Aerospace by 55.1% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 107 shares of the company's stock worth $29,000 after acquiring an additional 38 shares during the period. Markowski Investments acquired a new stake in Howmet Aerospace during the 2nd quarter worth $29,000. Reyes Financial Architecture Inc. bought a new stake in shares of Howmet Aerospace during the 3rd quarter valued at $31,000. Finally, Retirement Wealth Solutions LLC increased its holdings in Howmet Aerospace by 328.1% in the third quarter. Retirement Wealth Solutions LLC now owns 137 shares of the company's stock valued at $31,000 after purchasing an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Howmet Aerospace Company Profile

Howmet Aerospace designs and manufactures engineered metal products for the aerospace, commercial transportation and industrial markets. Its products include components for aircraft engines and airframes, fastening systems, and forged aluminum wheels for commercial trucks.

The company operates through businesses focused on engine products, fastening systems, engineered structures and forged wheels. Its components and systems are used by aerospace manufacturers and suppliers, as well as customers in transportation and other industrial sectors.

Howmet Aerospace became an independent company in 2020 following its separation from Arconic.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.