Howmet Aerospace Inc. (NYSE:HWM) Receives $123.28 Average Target Price from Analysts

Shares of Howmet Aerospace Inc. (NYSE:HWM - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eighteen analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $123.28.

A number of analysts have recently weighed in on HWM shares. The Goldman Sachs Group raised their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Wells Fargo & Company lifted their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. Morgan Stanley increased their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Truist Financial restated a "buy" rating and set a $140.00 target price (up from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Finally, Barclays increased their price target on Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th.

Institutional Trading of Howmet Aerospace

A number of hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. grew its position in shares of Howmet Aerospace by 40.0% during the 3rd quarter. Assetmark Inc. now owns 441 shares of the company's stock valued at $44,000 after acquiring an additional 126 shares during the period. OneDigital Investment Advisors LLC raised its stake in shares of Howmet Aerospace by 2.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company's stock worth $527,000 after buying an additional 124 shares during the period. Mutual of America Capital Management LLC increased its holdings in Howmet Aerospace by 2.7% in the 3rd quarter. Mutual of America Capital Management LLC now owns 50,266 shares of the company's stock worth $5,039,000 after acquiring an additional 1,343 shares in the last quarter. Claro Advisors LLC acquired a new stake in shares of Howmet Aerospace in the third quarter valued at about $363,000. Finally, Quest Partners LLC increased its stake in shares of Howmet Aerospace by 94.9% during the third quarter. Quest Partners LLC now owns 1,405 shares of the company's stock worth $141,000 after purchasing an additional 684 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

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Howmet Aerospace Stock Up 1.1 %

Shares of HWM traded up $1.54 during mid-day trading on Wednesday, hitting $137.64. The company's stock had a trading volume of 2,661,495 shares, compared to its average volume of 2,634,124. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The company's 50-day moving average is $128.52 and its 200-day moving average is $114.90. Howmet Aerospace has a 52-week low of $62.80 and a 52-week high of $140.55. The firm has a market capitalization of $55.75 billion, a price-to-earnings ratio of 48.81, a PEG ratio of 1.92 and a beta of 1.54.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.03. The business had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. On average, equities research analysts forecast that Howmet Aerospace will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were given a dividend of $0.10 per share. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend was Friday, February 7th. Howmet Aerospace's dividend payout ratio (DPR) is currently 14.18%.

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.