Howmet Aerospace (NYSE:HWM) Upgraded by Wall Street Zen to Buy Rating

Key Points

• Howmet Aerospace has been upgraded by Wall Street Zen from a "hold" rating to a "buy" rating, signaling increased confidence in the company's future performance.
• UBS Group raised its price target for Howmet Aerospace shares from $120.00 to $155.00, while Benchmark set a target of $135.00, indicating strong analyst support for the stock.
• The company reported a 9.2% year-over-year increase in revenue for the last quarter, with earnings per share surpassing analysts' expectations at $0.91.

Howmet Aerospace (NYSE:HWM - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

A number of other equities analysts also recently issued reports on HWM. UBS Group lifted their price objective on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Benchmark raised their target price on Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. BTIG Research reissued a "buy" rating on shares of Howmet Aerospace in a report on Monday, May 5th. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of Howmet Aerospace in a research report on Monday, June 30th. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $153.47.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $184.40 on Friday. Howmet Aerospace has a twelve month low of $85.39 and a twelve month high of $193.26. The company has a quick ratio of 1.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $74.44 billion, a P/E ratio of 53.92, a P/E/G ratio of 2.64 and a beta of 1.48. The company has a fifty day moving average of $178.35 and a 200-day moving average of $149.14.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period in the prior year, the firm earned $0.67 earnings per share. Howmet Aerospace's revenue for the quarter was up 9.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Howmet Aerospace will post 3.27 EPS for the current year.

Insider Transactions at Howmet Aerospace

In other Howmet Aerospace news, CEO John C. Plant sold 800,000 shares of Howmet Aerospace stock in a transaction on Monday, May 12th. The stock was sold at an average price of $156.96, for a total transaction of $125,568,000.00. Following the completion of the transaction, the chief executive officer owned 236,544 shares in the company, valued at approximately $37,127,946.24. The trade was a 77.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Barbara Lou Shultz sold 1,250 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $155.17, for a total transaction of $193,962.50. Following the completion of the transaction, the vice president owned 23,044 shares in the company, valued at approximately $3,575,737.48. The trade was a 5.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 831,250 shares of company stock valued at $130,517,863 in the last ninety days. 1.04% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Howmet Aerospace

Several large investors have recently bought and sold shares of HWM. Aster Capital Management DIFC Ltd purchased a new position in shares of Howmet Aerospace in the 4th quarter worth $25,000. Kapitalo Investimentos Ltda bought a new position in shares of Howmet Aerospace in the fourth quarter worth about $30,000. Pinpoint Asset Management Ltd grew its holdings in Howmet Aerospace by 42.8% during the 1st quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company's stock valued at $31,000 after buying an additional 71 shares in the last quarter. Hemington Wealth Management grew its stake in Howmet Aerospace by 46.6% during the first quarter. Hemington Wealth Management now owns 255 shares of the company's stock valued at $33,000 after acquiring an additional 81 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC grew its position in shares of Howmet Aerospace by 114.6% during the first quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock valued at $34,000 after purchasing an additional 141 shares in the last quarter. 90.46% of the stock is currently 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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