Howmet Aerospace Inc. (NYSE:HWM) Given Consensus Rating of "Moderate Buy" by Brokerages

Howmet Aerospace Inc. (NYSE:HWM - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eighteen brokerages that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $122.50.

HWM has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Wells Fargo & Company reiterated an "equal weight" rating and issued a $118.00 price objective (down from $132.00) on shares of Howmet Aerospace in a report on Tuesday. Truist Financial reissued a "buy" rating and set a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Morgan Stanley upped their price target on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Finally, Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th.

Howmet Aerospace Stock Performance

HWM stock traded down $3.02 during midday trading on Friday, hitting $124.44. 3,606,718 shares of the stock traded hands, compared to its average volume of 2,753,314. The stock's fifty day simple moving average is $128.79 and its 200-day simple moving average is $118.35. The firm has a market cap of $50.40 billion, a P/E ratio of 44.13, a PEG ratio of 1.92 and a beta of 1.25. Howmet Aerospace has a 1-year low of $62.80 and a 1-year high of $140.55. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98.

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Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.03. The business had revenue of $1.89 billion during 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, analysts expect that Howmet Aerospace will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. The ex-dividend date is Friday, May 9th. Howmet Aerospace's payout ratio is currently 14.18%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP purchased a new position in shares of Howmet Aerospace in the 3rd quarter valued at about $292,000. EP Wealth Advisors LLC acquired a new position in Howmet Aerospace during the 3rd quarter worth approximately $248,000. Orion Portfolio Solutions LLC increased its position in shares of Howmet Aerospace by 25.3% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 14,373 shares of the company's stock valued at $1,441,000 after purchasing an additional 2,902 shares during the last quarter. MML Investors Services LLC raised its holdings in shares of Howmet Aerospace by 7.0% in the 3rd quarter. MML Investors Services LLC now owns 37,497 shares of the company's stock valued at $3,759,000 after purchasing an additional 2,442 shares in the last quarter. Finally, M&T Bank Corp lifted its position in shares of Howmet Aerospace by 16.4% during the 3rd quarter. M&T Bank Corp now owns 31,695 shares of the company's stock worth $3,177,000 after purchasing an additional 4,461 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

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.