Howmet Aerospace Inc. (NYSE:HWM) Receives $132.53 Average PT from Brokerages

Howmet Aerospace Inc. (NYSE:HWM - Get Free Report) has been given an average recommendation of "Moderate Buy" by the seventeen brokerages that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $132.53.

Several equities analysts recently commented on the stock. BTIG Research reaffirmed a "buy" rating on shares of Howmet Aerospace in a research report on Monday, May 5th. 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. UBS Group increased their price objective on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Truist Financial decreased their target price on Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, Morgan Stanley lifted their price target on Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th.

Insiders Place Their Bets

In related 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 transaction of $193,962.50. Following the sale, the vice president now directly owns 23,044 shares in the company, valued at $3,575,737.48. This trade represents a 5.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Neil Edward Marchuk sold 30,000 shares of Howmet Aerospace stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $158.53, for a total value of $4,755,900.00. Following the completion of the sale, the executive vice president now directly owns 131,859 shares in the company, valued at approximately $20,903,607.27. This represents a 18.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 831,250 shares of company stock worth $130,517,863 over the last 90 days. Corporate insiders own 1.04% of the company's stock.

Hedge Funds Weigh In On Howmet Aerospace

Several institutional investors and hedge funds have recently modified their holdings of the stock. Murphy & Mullick Capital Management Corp acquired a new stake in Howmet Aerospace in the fourth quarter valued at about $25,000. Meeder Asset Management Inc. raised its stake in Howmet Aerospace by 208.1% during the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock worth $25,000 after buying an additional 154 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Howmet Aerospace during the fourth quarter worth $25,000. R Squared Ltd purchased a new stake in Howmet Aerospace in the 4th quarter valued at $26,000. Finally, Washington Trust Advisors Inc. purchased a new stake in Howmet Aerospace in the 4th quarter valued at about $29,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Price Performance

HWM stock traded up $1.11 during trading on Monday, reaching $175.05. The company's stock had a trading volume of 1,983,762 shares, compared to its average volume of 2,715,220. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. Howmet Aerospace has a 1 year low of $76.83 and a 1 year high of $176.45. The company's fifty day moving average is $144.63 and its 200-day moving average is $130.15. The company has a market capitalization of $70.66 billion, a P/E ratio of 62.07, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.77 by $0.09. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. Howmet Aerospace's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.53 earnings per share. On average, research 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 announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 9th were given 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 was Friday, May 9th. Howmet Aerospace's dividend payout ratio (DPR) is presently 13.03%.

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.