Howmet Aerospace (NYSE:HWM) Reaches New 1-Year High at $77.88

Howmet Aerospace Inc. (NYSE:HWM - Get Free Report)'s stock price hit a new 52-week high on Thursday . The company traded as high as $77.88 and last traded at $77.01, with a volume of 1610642 shares. The stock had previously closed at $66.78.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Barclays raised their target price on shares of Howmet Aerospace from $60.00 to $65.00 and gave the stock an "overweight" rating in a report on Tuesday, February 20th. Truist Financial upgraded shares of Howmet Aerospace from a "hold" rating to a "buy" rating and raised their target price for the stock from $47.00 to $74.00 in a report on Wednesday, January 10th. KeyCorp raised their target price on shares of Howmet Aerospace from $60.00 to $70.00 and gave the stock an "overweight" rating in a report on Wednesday, February 21st. UBS Group raised their target price on shares of Howmet Aerospace from $57.00 to $66.00 and gave the stock a "neutral" rating in a report on Thursday, February 15th. Finally, Robert W. Baird upped their price target on shares of Howmet Aerospace from $65.00 to $74.00 and gave the company an "outperform" rating in a research report on Monday, April 8th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.00.

Howmet Aerospace Trading Up 15.5 %

The company has a current ratio of 1.86, a quick ratio of 0.87 and a debt-to-equity ratio of 0.88. The company has a market cap of $31.49 billion, a PE ratio of 42.04, a P/E/G ratio of 1.74 and a beta of 1.41. The business's 50-day simple moving average is $66.20 and its 200-day simple moving average is $57.60.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its earnings results on Tuesday, February 13th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.06. Howmet Aerospace had a net margin of 11.52% and a return on equity of 20.12%. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the business posted $0.38 EPS. Howmet Aerospace's revenue was up 14.4% compared to the same quarter last year. As a group, analysts expect that Howmet Aerospace Inc. will post 2.18 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Friday, May 10th will be given a $0.05 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.20 annualized dividend and a yield of 0.26%. Howmet Aerospace's dividend payout ratio is 10.93%.

Insiders Place Their Bets

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 45,000 shares of the firm's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $67.44, for a total value of $3,034,800.00. Following the sale, the executive vice president now directly owns 229,568 shares in the company, valued at approximately $15,482,065.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.12% of the company's stock.

Hedge Funds Weigh In On Howmet Aerospace

Hedge funds and other institutional investors have recently made changes to their positions in the business. Venturi Wealth Management LLC lifted its holdings in shares of Howmet Aerospace by 61.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 558 shares of the company's stock worth $26,000 after acquiring an additional 212 shares during the period. Headinvest LLC bought a new position in shares of Howmet Aerospace during the 3rd quarter worth about $30,000. Lindbrook Capital LLC lifted its holdings in shares of Howmet Aerospace by 34.4% during the 4th quarter. Lindbrook Capital LLC now owns 894 shares of the company's stock worth $48,000 after acquiring an additional 229 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Howmet Aerospace by 62.9% during the 4th quarter. Quadrant Capital Group LLC now owns 976 shares of the company's stock worth $53,000 after acquiring an additional 377 shares during the period. Finally, Fidelis Capital Partners LLC bought a new position in shares of Howmet Aerospace during the 1st quarter worth about $68,000. 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.