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

Howmet Aerospace Inc. (NYSE:HWM - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eighteen ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and fifteen have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $123.28.

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

Hedge Funds Weigh In On Howmet Aerospace

Several hedge funds and other institutional investors have recently made changes to their positions in HWM. Murphy & Mullick Capital Management Corp acquired a new stake in Howmet Aerospace during the 4th quarter valued at $25,000. Meeder Asset Management Inc. lifted its holdings in shares of Howmet Aerospace by 208.1% during the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock worth $25,000 after buying an additional 154 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Howmet Aerospace during the fourth quarter worth $25,000. R Squared Ltd acquired a new stake in shares of Howmet Aerospace during the fourth quarter worth $26,000. Finally, Washington Trust Advisors Inc. acquired a new stake in shares of Howmet Aerospace during the fourth quarter worth $29,000. 90.46% of the stock is owned by institutional investors.

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Howmet Aerospace Trading Down 0.7 %

Shares of NYSE HWM traded down $0.97 during midday trading on Wednesday, hitting $130.70. The stock had a trading volume of 3,841,393 shares, compared to its average volume of 2,637,462. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. Howmet Aerospace has a fifty-two week low of $62.80 and a fifty-two week high of $140.55. The company's 50-day simple moving average is $128.09 and its 200 day simple moving average is $114.31. The firm has a market cap of $52.94 billion, a P/E ratio of 46.35, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.03. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The business had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.88 billion. Research analysts anticipate that Howmet Aerospace will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were paid 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 dividend yield of 0.31%. The ex-dividend date 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.