Robert W. Baird Raises Howmet Aerospace (NYSE:HWM) Price Target to $74.00

Howmet Aerospace (NYSE:HWM - Get Free Report) had its target price boosted by analysts at Robert W. Baird from $65.00 to $74.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Robert W. Baird's price objective indicates a potential upside of 10.89% from the stock's previous close.

Other equities research analysts have also recently issued research reports about the company. UBS Group lifted their price target on Howmet Aerospace from $57.00 to $66.00 and gave the company a "neutral" rating in a report on Thursday, February 15th. KeyCorp increased their target price on shares of Howmet Aerospace from $60.00 to $70.00 and gave the company an "overweight" rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. increased their price target on shares of Howmet Aerospace from $55.00 to $60.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 14th. Barclays raised their price objective on shares of Howmet Aerospace from $60.00 to $65.00 and gave the company an "overweight" rating in a research note on Tuesday, February 20th. Finally, Truist Financial upgraded shares of Howmet Aerospace from a "hold" rating to a "buy" rating and raised their price objective for the stock from $47.00 to $74.00 in a report on Wednesday, January 10th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $65.08.

Howmet Aerospace Trading Down 0.5 %

Shares of NYSE HWM traded down $0.33 during trading on Monday, reaching $66.73. The stock had a trading volume of 4,440,899 shares, compared to its average volume of 3,408,126. Howmet Aerospace has a fifty-two week low of $41.40 and a fifty-two week high of $69.55. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.87 and a current ratio of 1.86. The business's 50-day moving average price is $64.54 and its 200-day moving average price is $55.41. The company has a market cap of $27.38 billion, a P/E ratio of 36.46, a PEG ratio of 1.75 and a beta of 1.43.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.47 by $0.06. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.65 billion. Howmet Aerospace had a return on equity of 20.12% and a net margin of 11.52%. The firm's revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 EPS. On average, equities research analysts predict that Howmet Aerospace will post 2.18 EPS for the current fiscal year.

Insider Transactions at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 45,000 shares of the firm's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the completion of the transaction, the executive vice president now directly owns 229,568 shares in the company, valued at approximately $15,482,065.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.23% of the company's stock.

Institutional Trading of Howmet Aerospace

Institutional investors have recently bought and sold shares of the company. Venturi Wealth Management LLC increased its stake in Howmet Aerospace by 61.3% during the third 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 last quarter. Financial Freedom LLC acquired a new stake in Howmet Aerospace during the fourth quarter worth about $29,000. Headinvest LLC acquired a new stake in Howmet Aerospace during the third quarter worth about $30,000. Kathleen S. Wright Associates Inc. acquired a new stake in Howmet Aerospace during the third quarter worth about $31,000. Finally, Clear Street Markets LLC increased its stake in Howmet Aerospace by 93.8% during the first quarter. Clear Street Markets LLC now owns 721 shares of the company's stock worth $31,000 after acquiring an additional 349 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other 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.