Howmet Aerospace Inc. (NYSE:HWM) Receives Average Rating of "Moderate Buy" from Analysts

Howmet Aerospace Inc. (NYSE:HWM - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the seventeen ratings firms that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $132.53.

A number of equities analysts recently commented on the stock. Barclays boosted their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. The Goldman Sachs Group upped their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. Morgan Stanley raised their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Finally, BTIG Research reissued a "buy" rating on shares of Howmet Aerospace in a report on Monday.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HWM. Norges Bank purchased a new stake in Howmet Aerospace in the 4th quarter worth $1,001,558,000. JPMorgan Chase & Co. boosted its holdings in Howmet Aerospace by 14.0% in the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock worth $2,209,071,000 after buying an additional 2,486,649 shares during the last quarter. Winslow Capital Management LLC purchased a new stake in Howmet Aerospace during the 4th quarter worth approximately $265,844,000. GAMMA Investing LLC lifted its position in shares of Howmet Aerospace by 15,741.8% in the first quarter. GAMMA Investing LLC now owns 1,328,176 shares of the company's stock valued at $1,723,040,000 after acquiring an additional 1,319,792 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Howmet Aerospace by 10.3% in the fourth quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company's stock worth $1,197,315,000 after acquiring an additional 1,026,130 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Trading Up 0.9 %

Shares of HWM opened at $157.25 on Thursday. Howmet Aerospace has a fifty-two week low of $76.83 and a fifty-two week high of $157.43. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The company's fifty day moving average is $130.32 and its 200 day moving average is $122.07. The stock has a market capitalization of $63.60 billion, a PE ratio of 55.76, a P/E/G ratio of 1.92 and a beta of 1.37.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.09. The firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The company's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 EPS. Sell-side analysts expect that Howmet Aerospace will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 annualized dividend and a yield of 0.25%. Howmet Aerospace's dividend payout ratio is presently 13.03%.

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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