Howmet Aerospace (NYSE:HWM) Price Target Raised to $77.00

Howmet Aerospace (NYSE:HWM - Free Report) had its target price increased by The Goldman Sachs Group from $65.00 to $77.00 in a report published on Tuesday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

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

Howmet Aerospace Trading Up 0.9 %

NYSE:HWM traded up $0.54 during mid-day trading on Tuesday, reaching $64.03. The company's stock had a trading volume of 2,640,576 shares, compared to its average volume of 3,378,654. The company's fifty day simple moving average is $65.44 and its two-hundred day simple moving average is $56.19. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.86 and a quick ratio of 0.87. Howmet Aerospace has a twelve month low of $42.17 and a twelve month high of $69.55. The stock has a market cap of $26.15 billion, a P/E ratio of 34.99, a P/E/G ratio of 1.67 and a beta of 1.43.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.06. Howmet Aerospace had a return on equity of 20.12% and a net margin of 11.52%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the company earned $0.38 EPS. The firm's quarterly revenue was up 14.4% on a year-over-year basis. On average, equities analysts predict that Howmet Aerospace will post 2.18 EPS for the current year.

Howmet Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Shareholders of record on Friday, February 9th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.20 annualized dividend and a yield of 0.31%. Howmet Aerospace's dividend payout ratio is presently 10.93%.

Insiders Place Their Bets

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 45,000 shares of Howmet Aerospace stock in a transaction that occurred on 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 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 available through the SEC website. 1.23% of the stock is owned by company insiders.

Institutional Investors Weigh In On Howmet Aerospace

Hedge funds and other institutional investors have recently bought and sold shares of the business. Venturi Wealth Management LLC increased its holdings in shares of Howmet Aerospace by 61.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 558 shares of the company's stock valued at $26,000 after acquiring an additional 212 shares during the last quarter. Financial Freedom LLC bought a new stake in shares of Howmet Aerospace in the 4th quarter valued at approximately $29,000. Headinvest LLC bought a new stake in shares of Howmet Aerospace in the 3rd quarter valued at approximately $30,000. Kathleen S. Wright Associates Inc. bought a new stake in shares of Howmet Aerospace in the 3rd quarter valued at approximately $31,000. Finally, Clear Street Markets LLC grew its stake in Howmet Aerospace by 93.8% during the 1st quarter. Clear Street Markets LLC now owns 721 shares of the company's stock worth $31,000 after buying an additional 349 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

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.