Howmet Aerospace (NYSE:HWM) Reaches New 12-Month High - Time to Buy?

Howmet Aerospace Inc. (NYSE:HWM - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The company traded as high as $185.68 and last traded at $186.07, with a volume of 1075622 shares. The stock had previously closed at $184.90.

Analysts Set New Price Targets

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

Howmet Aerospace Trading Up 2.6%

The company has a market cap of $72.90 billion, a P/E ratio of 58.82, a P/E/G ratio of 2.65 and a beta of 1.43. The business's 50-day moving average price is $165.79 and its 200 day moving average price is $138.59. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.07 and a current ratio of 2.30.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.09. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. Howmet Aerospace had a net margin of 16.64% and a return on equity of 27.25%. Howmet Aerospace's revenue was up 5.5% on a year-over-year basis. During the same period last year, the business posted $0.53 EPS. As a group, analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 9th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date was Friday, May 9th. Howmet Aerospace's payout ratio is presently 13.03%.

Insider Activity at Howmet Aerospace

In other news, VP Barbara Lou Shultz sold 1,250 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $155.17, for a total transaction of $193,962.50. Following the completion of the sale, the vice president owned 23,044 shares in the company, valued at approximately $3,575,737.48. This trade represents a 5.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Neil Edward Marchuk sold 30,000 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $158.53, for a total transaction of $4,755,900.00. Following the completion of the transaction, the executive vice president owned 131,859 shares in the company, valued at approximately $20,903,607.27. This trade represents a 18.53% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 831,250 shares of company stock worth $130,517,863. Company insiders own 1.04% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp acquired a new position in Howmet Aerospace in the 4th quarter valued at $25,000. Meeder Asset Management Inc. boosted its stake in shares of Howmet Aerospace by 208.1% in the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock valued at $25,000 after purchasing an additional 154 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Howmet Aerospace during the fourth quarter worth $25,000. Washington Trust Advisors Inc. acquired a new position in Howmet Aerospace in the 4th quarter worth about $29,000. Finally, Kapitalo Investimentos Ltda bought a new position in Howmet Aerospace in the 4th quarter valued at approximately $30,000. 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.