Howmet Aerospace Inc. (NYSE:HWM) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Howmet Aerospace Inc. (NYSE:HWM) have received an average recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $101.50.

Several research analysts have commented on HWM shares. Benchmark raised their price target on shares of Howmet Aerospace from $53.00 to $85.00 and gave the company a “buy” rating in a report on Friday, July 12th. Susquehanna began coverage on shares of Howmet Aerospace in a report on Tuesday, October 8th. They issued a “positive” rating and a $120.00 price target for the company. Robert W. Baird lifted their price objective on shares of Howmet Aerospace from $84.00 to $113.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Royal Bank of Canada lifted their price objective on shares of Howmet Aerospace from $90.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st.

Howmet Aerospace Stock Down 2.1 %

HWM opened at $100.62 on Friday. The company has a 50 day moving average of $98.58 and a 200 day moving average of $86.12. The company has a market cap of $41.07 billion, a PE ratio of 48.61, a price-to-earnings-growth ratio of 1.51 and a beta of 1.46. Howmet Aerospace has a 12 month low of $42.94 and a 12 month high of $106.93. The company has a current ratio of 1.53, a quick ratio of 0.74 and a debt-to-equity ratio of 0.68.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.60 by $0.07. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.83 billion. Howmet Aerospace had a net margin of 13.15% and a return on equity of 23.02%. Howmet Aerospace’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period last year, the firm earned $0.44 EPS. On average, sell-side analysts expect that Howmet Aerospace will post 2.59 EPS for the current year.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend is Friday, November 8th. Howmet Aerospace’s payout ratio is 15.46%.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $96.94, for a total value of $6,847,550.78. Following the transaction, the executive vice president now owns 92,687 shares in the company, valued at approximately $8,985,077.78. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the sale, the chief financial officer now owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the sale, the executive vice president now directly owns 92,687 shares in the company, valued at $8,985,077.78. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.12% of the company’s stock.

Institutional Investors Weigh In On Howmet Aerospace

Several hedge funds have recently bought and sold shares of HWM. American International Group Inc. boosted its stake in Howmet Aerospace by 1.6% during the fourth quarter. American International Group Inc. now owns 105,188 shares of the company’s stock worth $5,693,000 after acquiring an additional 1,672 shares in the last quarter. Nomura Holdings Inc. bought a new position in shares of Howmet Aerospace in the fourth quarter worth approximately $427,000. CWM LLC lifted its stake in shares of Howmet Aerospace by 8.4% in the first quarter. CWM LLC now owns 9,395 shares of the company’s stock worth $643,000 after buying an additional 729 shares in the last quarter. NBC Securities Inc. lifted its stake in shares of Howmet Aerospace by 19.8% in the first quarter. NBC Securities Inc. now owns 1,685 shares of the company’s stock worth $115,000 after buying an additional 278 shares in the last quarter. Finally, Park Avenue Securities LLC bought a new position in shares of Howmet Aerospace in the first quarter worth approximately $263,000. Institutional investors own 90.46% of the company’s stock.

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.