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

Shares of Howmet Aerospace Inc. (NYSE:HWM - Get Free Report) have earned an average recommendation of "Moderate Buy" from the seventeen brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $115.41.

A number of analysts have recently weighed in on HWM shares. KeyCorp lowered shares of Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a research note on Thursday, October 24th. Bank of America boosted their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Robert W. Baird raised their target price on Howmet Aerospace from $113.00 to $144.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Sanford C. Bernstein boosted their price target on Howmet Aerospace from $113.00 to $127.00 and gave the company an "outperform" rating in a report on Monday, October 21st. Finally, Royal Bank of Canada raised their price objective on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th.

Howmet Aerospace Stock Performance

Shares of HWM stock traded down $4.56 during mid-day trading on Monday, reaching $113.76. The stock had a trading volume of 3,014,043 shares, compared to its average volume of 2,912,333. Howmet Aerospace has a 1-year low of $52.36 and a 1-year high of $120.71. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The firm has a market cap of $46.21 billion, a price-to-earnings ratio of 43.35, a PEG ratio of 1.59 and a beta of 1.48. The business's fifty day moving average is $108.71 and its 200-day moving average is $95.10.

Howmet Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date was Friday, November 8th. Howmet Aerospace's dividend payout ratio (DPR) is presently 12.21%.

Hedge Funds Weigh In On Howmet Aerospace

A number of institutional investors have recently bought and sold shares of HWM. State Street Corp raised its stake in shares of Howmet Aerospace by 2.3% in the 3rd quarter. State Street Corp now owns 17,440,176 shares of the company's stock valued at $1,748,378,000 after acquiring an additional 384,171 shares during the period. Geode Capital Management LLC raised its stake in shares of Howmet Aerospace by 5.0% in the 3rd quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company's stock valued at $949,382,000 after acquiring an additional 453,275 shares during the period. Lone Pine Capital LLC purchased a new stake in shares of Howmet Aerospace in the 2nd quarter valued at approximately $284,539,000. TD Asset Management Inc raised its stake in shares of Howmet Aerospace by 16.9% in the 2nd quarter. TD Asset Management Inc now owns 3,152,629 shares of the company's stock valued at $244,739,000 after acquiring an additional 455,180 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Howmet Aerospace by 5.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company's stock valued at $231,101,000 after purchasing an additional 114,457 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

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.