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Howmet Aerospace Inc. (NYSE:HWM) Receives Average Recommendation of "Moderate Buy" from Analysts

Howmet Aerospace logo with Aerospace background

Shares of Howmet Aerospace Inc. (NYSE:HWM - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seventeen brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and fourteen have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $115.41.

HWM has been the topic of several recent research reports. BTIG Research lifted their target price on Howmet Aerospace from $95.00 to $115.00 and gave the stock a "buy" rating in a report on Monday, August 5th. Wells Fargo & Company increased their price objective on Howmet Aerospace from $113.00 to $129.00 and gave the company an "overweight" rating in a report on Tuesday. UBS Group raised their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Robert W. Baird upped their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Howmet Aerospace from $83.00 to $105.00 and gave the company an "overweight" rating in a report on Wednesday, July 31st.

Read Our Latest Stock Report on HWM

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock traded down $2.52 during trading on Thursday, reaching $113.25. 2,687,739 shares of the company's stock were exchanged, compared to its average volume of 2,938,556. Howmet Aerospace has a 1-year low of $51.22 and a 1-year high of $116.74. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The company has a market cap of $46.01 billion, a P/E ratio of 43.39, a PEG ratio of 1.54 and a beta of 1.46. The firm's 50-day moving average price is $101.58 and its 200 day moving average price is $90.48.

Howmet Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.28%. The ex-dividend date is Friday, November 8th. Howmet Aerospace's dividend payout ratio is currently 12.21%.

Insider Activity at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $96.94, for a total value of $6,847,550.78. Following the completion of the transaction, the executive vice president now owns 92,687 shares in the company, valued at approximately $8,985,077.78. This trade represents a 43.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Ken Giacobbe sold 154,909 shares of the firm's stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total value of $14,961,111.22. Following the completion of the sale, the chief financial officer now owns 155,135 shares in the company, valued at approximately $14,982,938.30. This represents a 49.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.12% of the company's stock.

Institutional Investors Weigh In On Howmet Aerospace

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Captrust Financial Advisors increased its stake in Howmet Aerospace by 25.2% in the 3rd quarter. Captrust Financial Advisors now owns 23,802 shares of the company's stock valued at $2,386,000 after buying an additional 4,787 shares during the period. Hantz Financial Services Inc. raised its position in shares of Howmet Aerospace by 2.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 27,262 shares of the company's stock worth $2,733,000 after purchasing an additional 599 shares during the last quarter. Vinva Investment Management Ltd boosted its stake in shares of Howmet Aerospace by 186.5% during the 3rd quarter. Vinva Investment Management Ltd now owns 46,525 shares of the company's stock worth $4,616,000 after purchasing an additional 30,285 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of Howmet Aerospace by 36.8% during the third quarter. Public Sector Pension Investment Board now owns 20,455 shares of the company's stock worth $2,051,000 after purchasing an additional 5,500 shares during the last quarter. Finally, National Wealth Management Group LLC grew its holdings in Howmet Aerospace by 57.2% in the 3rd quarter. National Wealth Management Group LLC now owns 13,055 shares of the company's stock valued at $1,309,000 after buying an additional 4,748 shares during the period. Hedge funds and other institutional investors own 90.46% of the company's stock.

About Howmet Aerospace

(Get Free Report

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.

See Also

Analyst Recommendations for Howmet Aerospace (NYSE:HWM)

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