Howmet Aerospace Inc. (NYSE:HWM) Given Consensus Recommendation of "Moderate Buy" by Analysts

Howmet Aerospace Inc. (NYSE:HWM - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seventeen ratings firms that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $142.13.

HWM has been the topic of a number of recent research reports. BTIG Research reaffirmed a "buy" rating on shares of Howmet Aerospace in a research note on Monday, May 5th. Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Wells Fargo & Company upped their target price on Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Benchmark upped their target price on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Finally, Truist Financial upped their target price on Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a research note on Thursday, June 12th.

Howmet Aerospace Trading Up 0.5%

Shares of HWM opened at $176.96 on Friday. The company has a current ratio of 2.30, a quick ratio of 1.07 and a debt-to-equity ratio of 0.70. The firm's 50-day moving average is $160.31 and its two-hundred day moving average is $136.29. Howmet Aerospace has a twelve month low of $76.83 and a twelve month high of $179.32. The firm has a market capitalization of $71.43 billion, a P/E ratio of 57.64, a PEG ratio of 2.66 and a beta of 1.44.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.77 by $0.09. Howmet Aerospace had a net margin of 16.64% and a return on equity of 27.25%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the business earned $0.53 earnings per share. The company's quarterly revenue was up 5.5% on a year-over-year basis. On average, research analysts predict that Howmet Aerospace will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend was Friday, May 9th. Howmet Aerospace's dividend payout ratio is currently 13.03%.

Insiders Place Their Bets

In other news, VP Barbara Lou Shultz sold 1,250 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $155.17, for a total value of $193,962.50. Following the transaction, the vice president now owns 23,044 shares of the company's stock, valued at approximately $3,575,737.48. This trade represents a 5.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO John C. Plant sold 800,000 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $156.96, for a total transaction of $125,568,000.00. Following the completion of the transaction, the chief executive officer now directly owns 236,544 shares in the company, valued at approximately $37,127,946.24. This represents a 77.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 831,250 shares of company stock valued at $130,517,863 over the last quarter. Company insiders own 1.04% of the company's stock.

Hedge Funds Weigh In On Howmet Aerospace

Hedge funds have recently made changes to their positions in the business. Brighton Jones LLC grew its holdings in Howmet Aerospace by 5.4% during the 4th quarter. Brighton Jones LLC now owns 2,548 shares of the company's stock valued at $279,000 after purchasing an additional 130 shares in the last quarter. Global Retirement Partners LLC grew its holdings in Howmet Aerospace by 82.4% during the 4th quarter. Global Retirement Partners LLC now owns 1,107 shares of the company's stock valued at $121,000 after purchasing an additional 500 shares in the last quarter. Rothschild Investment LLC grew its holdings in Howmet Aerospace by 61.2% during the 4th quarter. Rothschild Investment LLC now owns 832 shares of the company's stock valued at $91,000 after purchasing an additional 316 shares in the last quarter. Lake Street Advisors Group LLC acquired a new stake in Howmet Aerospace during the 4th quarter valued at $208,000. Finally, NewEdge Wealth LLC grew its holdings in Howmet Aerospace by 8.1% during the 4th quarter. NewEdge Wealth LLC now owns 51,599 shares of the company's stock valued at $5,643,000 after purchasing an additional 3,861 shares in the last quarter. Hedge funds and other 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.

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