Howmet Aerospace (NYSE:HWM) Price Target Raised to $210.00

Howmet Aerospace (NYSE:HWM - Get Free Report) had its price target boosted by Morgan Stanley from $170.00 to $210.00 in a report issued on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Morgan Stanley's price objective would suggest a potential upside of 13.94% from the stock's previous close.

HWM has been the topic of several other reports. Benchmark increased their price target on shares of Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Wells Fargo & Company boosted their target price on shares of Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. UBS Group lifted their price target on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Susquehanna lifted their price target on Howmet Aerospace from $170.00 to $210.00 and gave the stock a "positive" rating in a research note on Monday. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Howmet Aerospace in a research note on Monday, June 30th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $150.44.

Howmet Aerospace Stock Performance

HWM opened at $184.30 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.30 and a quick ratio of 1.07. The firm has a fifty day moving average price of $172.10 and a 200 day moving average price of $142.97. Howmet Aerospace has a 1 year low of $77.22 and a 1 year high of $187.51. The stock has a market cap of $74.40 billion, a P/E ratio of 60.03, a P/E/G ratio of 2.71 and a beta of 1.43.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, topping 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 company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the firm earned $0.53 EPS. The firm's revenue was up 5.5% compared to the same quarter last year. Equities research analysts anticipate that Howmet Aerospace will post 3.27 earnings per share for the current year.

Insiders Place Their Bets

In other Howmet Aerospace news, VP Barbara Lou Shultz sold 1,250 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $155.17, for a total transaction of $193,962.50. Following the sale, the vice president owned 23,044 shares in the company, valued at $3,575,737.48. This represents a 5.15% decrease in their ownership of the stock. The transaction 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 stock in a transaction on Monday, May 12th. The stock was sold at an average price of $156.96, for a total value of $125,568,000.00. Following the sale, the chief executive officer owned 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. In the last three months, insiders have sold 831,250 shares of company stock valued at $130,517,863. 1.04% of the stock is currently owned by company insiders.

Institutional Trading of Howmet Aerospace

Several large investors have recently modified their holdings of the business. Brighton Jones LLC grew its position in Howmet Aerospace by 5.4% in the 4th quarter. Brighton Jones LLC now owns 2,548 shares of the company's stock worth $279,000 after purchasing an additional 130 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Howmet Aerospace during the fourth quarter worth approximately $223,000. Avantax Advisory Services Inc. increased its holdings in Howmet Aerospace by 24.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 8,820 shares of the company's stock valued at $965,000 after buying an additional 1,753 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in Howmet Aerospace by 15.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 25,822 shares of the company's stock valued at $2,824,000 after buying an additional 3,444 shares during the period. Finally, Corient Private Wealth LLC boosted its stake in Howmet Aerospace by 34.5% in the fourth quarter. Corient Private Wealth LLC now owns 57,386 shares of the company's stock valued at $6,276,000 after acquiring an additional 14,730 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

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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