Howmet Aerospace Inc. (NYSE:HWM) Receives $64.33 Average Target Price from Analysts

Shares of Howmet Aerospace Inc. (NYSE:HWM - Get Free Report) have earned an average rating of "Moderate Buy" from the thirteen research firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $64.33.

A number of brokerages have recently issued reports on HWM. Sanford C. Bernstein initiated coverage on Howmet Aerospace in a research report on Friday, January 5th. They set an "outperform" rating and a $67.00 price target on the stock. Royal Bank of Canada began coverage on shares of Howmet Aerospace in a report on Monday, March 18th. They set an "outperform" rating and a $75.00 price objective on the stock. UBS Group upped their price target on shares of Howmet Aerospace from $57.00 to $66.00 and gave the company a "neutral" rating in a research note on Thursday, February 15th. Truist Financial upgraded shares of Howmet Aerospace from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $47.00 to $74.00 in a research note on Wednesday, January 10th. Finally, JPMorgan Chase & Co. upped their target price on Howmet Aerospace from $55.00 to $60.00 and gave the company an "overweight" rating in a research report on Wednesday, February 14th.

Howmet Aerospace Stock Up 1.1 %

Shares of HWM traded up $0.74 during mid-day trading on Wednesday, hitting $66.00. The company's stock had a trading volume of 3,705,384 shares, compared to its average volume of 3,405,860. 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's 50-day moving average is $63.89 and its 200-day moving average is $54.93. Howmet Aerospace has a 52-week low of $41.40 and a 52-week high of $69.55. The firm has a market capitalization of $27.08 billion, a price-to-earnings ratio of 36.07, a PEG ratio of 1.71 and a beta of 1.43.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its earnings results on Tuesday, February 13th. The company reported $0.53 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.06. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.65 billion. Howmet Aerospace had a net margin of 11.52% and a return on equity of 20.12%. The firm's revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. On average, equities research analysts forecast that Howmet Aerospace will post 2.19 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Friday, February 9th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend was Thursday, February 8th. Howmet Aerospace's dividend payout ratio is currently 10.93%.

Insiders Place Their Bets

In other news, EVP Neil Edward Marchuk sold 45,000 shares of the firm's stock in a transaction that occurred on Monday, March 4th. The shares were 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 owns 229,568 shares of the company's stock, valued at approximately $15,482,065.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.23% of the company's stock.

Institutional Investors Weigh In On Howmet Aerospace

Several hedge funds have recently modified their holdings of HWM. Accurate Wealth Management LLC acquired a new position in Howmet Aerospace in the 4th quarter worth about $2,825,000. QRG Capital Management Inc. acquired a new position in shares of Howmet Aerospace during the 3rd quarter worth approximately $407,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Howmet Aerospace during the 3rd quarter valued at approximately $1,697,000. Victory Capital Management Inc. grew its stake in Howmet Aerospace by 15.0% in the 3rd quarter. Victory Capital Management Inc. now owns 347,072 shares of the company's stock valued at $16,052,000 after acquiring an additional 45,246 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in Howmet Aerospace by 4.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,020,155 shares of the company's stock valued at $139,682,000 after acquiring an additional 114,939 shares during the period. 90.46% of the stock is 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.