Susquehanna Increases Howmet Aerospace (NYSE:HWM) Price Target to $210.00

Howmet Aerospace (NYSE:HWM - Get Free Report) had its price target boosted by Susquehanna from $170.00 to $210.00 in a research report issued on Monday,Benzinga reports. The firm currently has a "positive" rating on the stock. Susquehanna's price target suggests a potential upside of 16.17% from the stock's current price.

A number of other equities research analysts have also recently issued reports on HWM. Truist Financial lifted their price target on shares of Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Wells Fargo & Company upped their price objective on shares of Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. UBS Group lifted their target price on Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of Howmet Aerospace in a research report on Monday, June 30th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Howmet Aerospace currently has an average rating of "Moderate Buy" and an average price target of $147.00.

Howmet Aerospace Stock Up 0.6%

NYSE:HWM opened at $180.77 on Monday. Howmet Aerospace has a fifty-two week low of $77.22 and a fifty-two week high of $187.51. The stock has a market capitalization of $72.97 billion, a P/E ratio of 58.63, a P/E/G ratio of 2.64 and a beta of 1.43. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.07 and a current ratio of 2.30. The company's 50-day simple moving average is $170.38 and its 200-day simple moving average is $141.88.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.09. The business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.94 billion. Howmet Aerospace had a net margin of 16.64% and a return on equity of 27.25%. The company's revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $0.53 EPS. On average, equities analysts anticipate that Howmet Aerospace will post 3.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Barbara Lou Shultz sold 1,250 shares of Howmet Aerospace stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $155.17, for a total transaction of $193,962.50. Following the completion of the sale, the vice president owned 23,044 shares in the company, valued at approximately $3,575,737.48. This trade represents a 5.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Neil Edward Marchuk sold 30,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $158.53, for a total value of $4,755,900.00. Following the sale, the executive vice president owned 131,859 shares of the company's stock, valued at $20,903,607.27. The trade was a 18.53% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 831,250 shares of company stock worth $130,517,863. 1.12% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Howmet Aerospace

A number of institutional investors have recently made changes to their positions in HWM. Vanguard Group Inc. grew its stake in Howmet Aerospace by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 47,813,262 shares of the company's stock worth $6,202,814,000 after buying an additional 695,953 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Howmet Aerospace by 21.1% during the 1st quarter. JPMorgan Chase & Co. now owns 24,450,547 shares of the company's stock worth $3,171,970,000 after buying an additional 4,252,401 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Howmet Aerospace by 0.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,213,937 shares of the company's stock worth $1,445,210,000 after buying an additional 80,972 shares during the last quarter. Janus Henderson Group PLC grew its stake in Howmet Aerospace by 10.3% during the 4th quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company's stock worth $1,197,315,000 after buying an additional 1,026,130 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Howmet Aerospace by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 9,810,797 shares of the company's stock worth $1,070,267,000 after buying an additional 308,574 shares during the last quarter. 90.46% of the stock is currently owned by 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.

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