Howmet Aerospace Inc. (NYSE:HWM) Receives $66.00 Average Price Target from Analysts

Howmet Aerospace Inc. (NYSE:HWM - Get Free Report) has received a consensus rating of "Moderate Buy" from the fourteen analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $66.00.

A number of equities research analysts have weighed in on the company. Truist Financial upgraded Howmet Aerospace from a "hold" rating to a "buy" rating and upped their target price for the stock from $47.00 to $74.00 in a research report on Wednesday, January 10th. Royal Bank of Canada assumed coverage on Howmet Aerospace in a research report on Monday, March 18th. They issued an "outperform" rating and a $75.00 target price for the company. JPMorgan Chase & Co. increased their price objective on Howmet Aerospace from $55.00 to $60.00 and gave the company an "overweight" rating in a research report on Wednesday, February 14th. The Goldman Sachs Group increased their price objective on Howmet Aerospace from $65.00 to $77.00 and gave the company a "buy" rating in a research report on Tuesday, April 16th. Finally, Sanford C. Bernstein assumed coverage on Howmet Aerospace in a research report on Friday, January 5th. They set an "outperform" rating and a $67.00 price objective for the company.

Insider Activity

In other 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 completion of the sale, the executive vice president now owns 229,568 shares in the company, valued at $15,482,065.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.12% of the company's stock.

Hedge Funds Weigh In On Howmet Aerospace

Hedge funds have recently modified their holdings of the stock. Venturi Wealth Management LLC increased 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 acquiring an additional 212 shares during the last quarter. Headinvest LLC acquired a new position in shares of Howmet Aerospace in the third quarter worth $30,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of Howmet Aerospace in the third quarter worth $31,000. Lindbrook Capital LLC increased 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 acquiring an additional 229 shares during the last quarter. Finally, Quadrant Capital Group LLC increased 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 acquiring an additional 377 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Price Performance

NYSE:HWM traded up $1.60 during midday trading on Friday, hitting $66.40. 4,071,656 shares of the stock were exchanged, compared to its average volume of 2,984,682. The company has a market capitalization of $27.12 billion, a price-to-earnings ratio of 36.28, a P/E/G ratio of 1.73 and a beta of 1.43. The company has a current ratio of 1.86, a quick ratio of 0.87 and a debt-to-equity ratio of 0.88. Howmet Aerospace has a one year low of $42.17 and a one year high of $69.55. The business has a 50-day moving average price of $65.97 and a two-hundred day moving average price of $57.22.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its earnings results on Tuesday, February 13th. The company reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter was up 14.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 earnings per share. Sell-side analysts predict that Howmet Aerospace will post 2.18 EPS for the current year.

Howmet Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, May 10th will be issued a $0.05 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.30%. Howmet Aerospace's payout ratio is currently 10.93%.

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.