Benchmark Forecasts Strong Price Appreciation for Howmet Aerospace (NYSE:HWM) Stock

Howmet Aerospace (NYSE:HWM - Free Report) had its target price upped by Benchmark from $85.00 to $135.00 in a research report report published on Monday,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Truist Financial reduced their price objective on Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Barclays raised their target price on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. JPMorgan Chase & Co. lifted their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Finally, The Goldman Sachs Group upped their price target on Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $125.06.

Howmet Aerospace Stock Performance

Shares of HWM traded up $1.17 during mid-day trading on Monday, reaching $134.66. 188,158 shares of the company's stock traded hands, compared to its average volume of 2,735,006. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The business's 50-day moving average price is $128.08 and its 200-day moving average price is $119.43. The stock has a market capitalization of $54.47 billion, a P/E ratio of 47.84, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. Howmet Aerospace has a 12 month low of $63.64 and a 12 month high of $140.55.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.71 by $0.03. The firm had revenue of $1.89 billion for 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%. Equities analysts predict that Howmet Aerospace will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. Howmet Aerospace's dividend payout ratio (DPR) is presently 14.18%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Joel Isaacson & Co. LLC acquired a new position in Howmet Aerospace in the first quarter worth $249,000. WealthBridge Capital Management LLC acquired a new stake in Howmet Aerospace in the 1st quarter valued at about $351,000. Overbrook Management Corp acquired a new position in shares of Howmet Aerospace during the first quarter worth approximately $5,795,000. Westend Capital Management LLC increased its holdings in shares of Howmet Aerospace by 93,089.6% in the first quarter. Westend Capital Management LLC now owns 71,756 shares of the company's stock valued at $9,309,000 after purchasing an additional 71,679 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in Howmet Aerospace by 335.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 513,101 shares of the company's stock worth $67,616,000 after purchasing an additional 395,402 shares during the last quarter. 90.46% of the stock is owned by 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.