Howmet Aerospace Inc. (NYSE:HWM) Receives $74.69 Consensus PT from Analysts

Shares of Howmet Aerospace Inc. (NYSE:HWM) have received an average rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and fourteen have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $74.69.

HWM has been the topic of several recent analyst reports. Benchmark restated a “buy” rating and set a $53.00 price objective on shares of Howmet Aerospace in a research report on Friday, April 19th. KeyCorp raised their target price on shares of Howmet Aerospace from $70.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Argus lifted their price objective on shares of Howmet Aerospace from $75.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Northcoast Research reissued a “sell” rating and issued a $70.00 price objective on shares of Howmet Aerospace in a research note on Friday, June 14th. Finally, Truist Financial lifted their price target on shares of Howmet Aerospace from $74.00 to $88.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd.

Howmet Aerospace Stock Up 0.8 %

Shares of Howmet Aerospace stock opened at $80.14 on Monday. The company has a market cap of $32.71 billion, a price-to-earnings ratio of 38.72, a price-to-earnings-growth ratio of 1.46 and a beta of 1.50. The company’s 50 day moving average is $77.70 and its 200 day moving average is $66.43. Howmet Aerospace has a twelve month low of $42.94 and a twelve month high of $85.52. The company has a quick ratio of 0.92, a current ratio of 1.97 and a debt-to-equity ratio of 0.86.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. Howmet Aerospace had a net margin of 12.53% and a return on equity of 21.33%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the prior year, the firm earned $0.42 earnings per share. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. Research analysts anticipate that Howmet Aerospace will post 2.39 EPS for the current year.

Howmet Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Friday, May 10th were issued a $0.05 dividend. The ex-dividend date was Thursday, May 9th. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. Howmet Aerospace’s dividend payout ratio is currently 9.66%.

Insider Transactions at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 32,614 shares of Howmet Aerospace stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $84.26, for a total value of $2,748,055.64. Following the transaction, the executive vice president now owns 217,687 shares of the company’s stock, valued at approximately $18,342,306.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.12% of the company’s stock.

Institutional Trading of Howmet Aerospace

Several large investors have recently bought and sold shares of the stock. Bleakley Financial Group LLC grew its position in Howmet Aerospace by 3.2% during the 1st quarter. Bleakley Financial Group LLC now owns 5,080 shares of the company’s stock worth $348,000 after purchasing an additional 158 shares during the last quarter. Valeo Financial Advisors LLC lifted its stake in shares of Howmet Aerospace by 4.6% in the 4th quarter. Valeo Financial Advisors LLC now owns 4,571 shares of the company’s stock valued at $247,000 after purchasing an additional 200 shares during the period. Geneos Wealth Management Inc. raised its position in Howmet Aerospace by 10.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,259 shares of the company’s stock worth $122,000 after acquiring an additional 205 shares during the period. Whittier Trust Co. raised its position in Howmet Aerospace by 81.4% during the first quarter. Whittier Trust Co. now owns 508 shares of the company’s stock worth $35,000 after acquiring an additional 228 shares during the period. Finally, Lindbrook Capital LLC raised its position in Howmet Aerospace by 34.4% during 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 period. Hedge funds and other institutional investors 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.