Howmet Aerospace (NYSE:HWM - Get Free Report) had its target price lifted by investment analysts at Argus from $75.00 to $90.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Argus' price objective suggests a potential upside of 12.25% from the company's previous close.
A number of other research analysts also recently commented on HWM. Royal Bank of Canada upped their price objective on shares of Howmet Aerospace from $75.00 to $90.00 and gave the company an "outperform" rating in a research note on Friday. The Goldman Sachs Group boosted their target price on Howmet Aerospace from $77.00 to $87.00 and gave the stock a "buy" rating in a report on Friday. Barclays boosted their target price on Howmet Aerospace from $65.00 to $85.00 and gave the stock an "overweight" rating in a report on Monday. KeyCorp boosted their target price on Howmet Aerospace from $60.00 to $70.00 and gave the stock an "overweight" rating in a report on Wednesday, February 21st. Finally, Robert W. Baird boosted their target price on Howmet Aerospace from $74.00 to $84.00 and gave the stock an "outperform" rating in a report on Friday. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $73.67.
View Our Latest Report on HWM
Howmet Aerospace Price Performance
HWM stock traded up $1.29 during trading on Monday, hitting $80.18. The stock had a trading volume of 3,024,960 shares, compared to its average volume of 3,469,200. The company's 50 day moving average price is $66.98 and its two-hundred day moving average price is $58.41. Howmet Aerospace has a 1-year low of $42.17 and a 1-year high of $80.20. The stock has a market cap of $32.73 billion, a price-to-earnings ratio of 38.73, a price-to-earnings-growth ratio of 1.89 and a beta of 1.41. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.92 and a current ratio of 1.97.
Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its earnings results on Thursday, May 2nd. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.05. Howmet Aerospace had a net margin of 12.53% and a return on equity of 21.33%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the company posted $0.42 EPS. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. On average, sell-side analysts forecast that Howmet Aerospace will post 2.37 EPS for the current fiscal year.
Insiders Place Their Bets
In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 45,000 shares of the stock in a transaction on Monday, March 4th. The stock was 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 of the company's stock, valued at $15,482,065.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.12% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Howmet Aerospace
Large investors have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC grew its stake in shares of Howmet Aerospace by 61.3% in the third quarter. Venturi Wealth Management LLC now owns 558 shares of the company's stock worth $26,000 after purchasing an additional 212 shares in the last quarter. Headinvest LLC bought a new position in shares of Howmet Aerospace in the third quarter worth $30,000. Whittier Trust Co. grew its stake in shares of Howmet Aerospace by 81.4% in the first quarter. Whittier Trust Co. now owns 508 shares of the company's stock worth $35,000 after purchasing an additional 228 shares in the last quarter. Lindbrook Capital LLC grew its stake in shares of Howmet Aerospace by 34.4% in the fourth quarter. Lindbrook Capital LLC now owns 894 shares of the company's stock worth $48,000 after purchasing an additional 229 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in shares of Howmet Aerospace by 62.9% in the fourth quarter. Quadrant Capital Group LLC now owns 976 shares of the company's stock worth $53,000 after purchasing an additional 377 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.
About Howmet Aerospace
(
Get Free Report)
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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