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

Howmet Aerospace Inc. (NYSE:HWM - Get Free Report) has received a consensus rating of "Moderate Buy" from the seventeen ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $115.59.

A number of research analysts have commented on the company. Robert W. Baird lifted their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Royal Bank of Canada upped their target price on Howmet Aerospace from $105.00 to $135.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. KeyCorp cut shares of Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a report on Thursday, October 24th. UBS Group raised their target price on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Finally, Sanford C. Bernstein lifted their target price on shares of Howmet Aerospace from $113.00 to $127.00 and gave the company an "outperform" rating in a research note on Monday, October 21st.

Hedge Funds Weigh In On Howmet Aerospace

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HWM. RiverPark Advisors LLC purchased a new stake in shares of Howmet Aerospace during the third quarter valued at $26,000. LGT Financial Advisors LLC raised its holdings in shares of Howmet Aerospace by 278.7% during the second quarter. LGT Financial Advisors LLC now owns 356 shares of the company's stock valued at $28,000 after purchasing an additional 262 shares during the last quarter. Hollencrest Capital Management bought a new position in Howmet Aerospace during the third quarter valued at approximately $30,000. Rothschild Investment LLC purchased a new stake in Howmet Aerospace in the second quarter worth approximately $32,000. Finally, Assetmark Inc. grew its position in Howmet Aerospace by 40.0% in the 3rd quarter. Assetmark Inc. now owns 441 shares of the company's stock worth $44,000 after purchasing an additional 126 shares during the period. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Trading Up 1.8 %

Shares of Howmet Aerospace stock traded up $1.97 during trading on Friday, reaching $112.76. 2,132,521 shares of the stock were exchanged, compared to its average volume of 2,100,860. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. The firm has a market cap of $45.81 billion, a price-to-earnings ratio of 43.04, a price-to-earnings-growth ratio of 1.56 and a beta of 1.48. Howmet Aerospace has a 1 year low of $52.56 and a 1 year high of $120.71. The stock's fifty day moving average is $112.03 and its 200 day moving average is $98.65.

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.