Howmet Aerospace (NYSE:HWM) Price Target Raised to $192.00 at Truist Financial

Howmet Aerospace (NYSE:HWM - Free Report) had its target price raised by Truist Financial from $161.00 to $192.00 in a research report report published on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also recently issued reports on the company. UBS Group raised their price objective on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. The Goldman Sachs Group lifted their target price on Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. BTIG Research reiterated a "buy" rating on shares of Howmet Aerospace in a report on Monday, May 5th. Morgan Stanley lifted their target price on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Finally, Wells Fargo & Company lifted their target price on Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $137.88.

Howmet Aerospace Trading Up 0.4%

Shares of HWM stock traded up $0.63 during mid-day trading on Thursday, hitting $171.37. 2,280,614 shares of the company's stock were exchanged, compared to its average volume of 2,734,194. Howmet Aerospace has a fifty-two week low of $76.83 and a fifty-two week high of $177.25. The stock has a 50-day simple moving average of $150.34 and a two-hundred day simple moving average of $132.46. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The stock has a market cap of $69.18 billion, a price-to-earnings ratio of 60.77, a PEG ratio of 1.92 and a beta of 1.44.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.09. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter last year, the firm earned $0.53 earnings per share. The business's revenue was up 5.5% on a year-over-year basis. Equities analysts expect that Howmet Aerospace will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date was Friday, May 9th. Howmet Aerospace's dividend payout ratio is presently 13.03%.

Insiders Place Their Bets

In other news, EVP Neil Edward Marchuk sold 30,000 shares of Howmet Aerospace stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $158.53, for a total transaction of $4,755,900.00. Following the sale, the executive vice president now directly owns 131,859 shares of the company's stock, valued at approximately $20,903,607.27. The trade was a 18.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John C. Plant sold 800,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $156.96, for a total value of $125,568,000.00. Following the sale, the chief executive officer now owns 236,544 shares in the company, valued at $37,127,946.24. The trade was a 77.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 831,250 shares of company stock worth $130,517,863 over the last quarter. 1.04% of the stock is owned by corporate insiders.

Institutional Trading of Howmet Aerospace

Institutional investors and hedge funds have recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new stake in Howmet Aerospace during the fourth quarter valued at approximately $25,000. Meeder Asset Management Inc. raised its position in shares of Howmet Aerospace by 208.1% during the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock worth $25,000 after purchasing an additional 154 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of Howmet Aerospace during the 4th quarter worth approximately $25,000. Pinpoint Asset Management Ltd raised its position in shares of Howmet Aerospace by 42.8% during the 1st quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company's stock worth $31,000 after purchasing an additional 71 shares during the period. Finally, Hemington Wealth Management raised its position in shares of Howmet Aerospace by 46.6% during the 1st quarter. Hemington Wealth Management now owns 255 shares of the company's stock worth $33,000 after purchasing an additional 81 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

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.