Howmet Aerospace (NYSE:HWM) Hits New 52-Week High - Should You Buy?

Howmet Aerospace Inc. (NYSE:HWM - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $177.50 and last traded at $176.55, with a volume of 992814 shares trading hands. The stock had previously closed at $175.63.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Royal Bank Of Canada lifted their price objective on Howmet Aerospace from $165.00 to $200.00 and gave the stock an "outperform" rating in a report on Monday, June 9th. Wells Fargo & Company raised their price objective on shares of Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. BTIG Research reissued a "buy" rating on shares of Howmet Aerospace in a report on Monday, May 5th. Truist Financial lifted their price target on Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Finally, UBS Group increased their price objective on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $142.13.

Howmet Aerospace Price Performance

The company has a market cap of $71.33 billion, a PE ratio of 57.56, a PEG ratio of 2.62 and a beta of 1.44. The firm's 50-day moving average is $157.15 and its 200-day moving average is $135.29. The company has a quick ratio of 1.07, a current ratio of 2.30 and a debt-to-equity ratio of 0.70.

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

Howmet Aerospace Announces Dividend

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

Insider Activity at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 30,000 shares of the company's stock in a transaction that occurred on 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 transaction, the executive vice president now owns 131,859 shares in the company, valued at approximately $20,903,607.27. This represents a 18.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Barbara Lou Shultz sold 1,250 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at $3,575,737.48. This trade represents a 5.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 831,250 shares of company stock valued at $130,517,863 in the last three months. Company insiders own 1.12% of the company's stock.

Institutional Trading of Howmet Aerospace

Institutional investors and hedge funds have recently modified their holdings of the business. Brighton Jones LLC grew its holdings in shares of Howmet Aerospace by 5.4% in the fourth quarter. Brighton Jones LLC now owns 2,548 shares of the company's stock worth $279,000 after acquiring an additional 130 shares during the period. Global Retirement Partners LLC grew its stake in shares of 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 during the period. First Horizon Advisors Inc. lifted its stake in shares of Howmet Aerospace by 8.7% in the 4th quarter. First Horizon Advisors Inc. now owns 3,551 shares of the company's stock worth $388,000 after purchasing an additional 285 shares during the period. Howard Capital Management Inc. boosted its holdings in shares of Howmet Aerospace by 5.5% in the fourth quarter. Howard Capital Management Inc. now owns 2,611 shares of the company's stock worth $286,000 after buying an additional 135 shares during the last quarter. Finally, MONECO Advisors LLC grew its position in Howmet Aerospace by 19.9% during the fourth quarter. MONECO Advisors LLC now owns 2,745 shares of the company's stock valued at $300,000 after buying an additional 456 shares during the period. Institutional investors own 90.46% of the company's stock.

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.

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