Howmet Aerospace (NYSE:HWM) Given New $139.00 Price Target at The Goldman Sachs Group

Howmet Aerospace (NYSE:HWM - Free Report) had its target price hoisted by The Goldman Sachs Group from $124.00 to $139.00 in a research report released on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

HWM has been the subject of a number of other reports. Truist Financial reiterated a "buy" rating and issued a $140.00 target price (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. UBS Group boosted their target price on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Barclays boosted 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. Bank of America boosted their target price on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Finally, KeyCorp downgraded shares of Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Howmet Aerospace has a consensus rating of "Moderate Buy" and a consensus target price of $123.28.

Howmet Aerospace Stock Down 6.2 %

Shares of HWM stock traded down $8.61 on Tuesday, hitting $129.83. The stock had a trading volume of 3,517,780 shares, compared to its average volume of 2,751,625. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The business has a 50 day moving average price of $121.18 and a 200 day moving average price of $109.59. The company has a market cap of $52.58 billion, a PE ratio of 46.04, a P/E/G ratio of 1.94 and a beta of 1.50. Howmet Aerospace has a one year low of $62.80 and a one year high of $140.55.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.03. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. Research analysts anticipate that Howmet Aerospace will post 3.26 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be given a $0.10 dividend. The ex-dividend date is Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.08. Howmet Aerospace's dividend payout ratio is currently 14.18%.

Institutional Investors Weigh In On Howmet Aerospace

A number of large investors have recently bought and sold shares of HWM. Creative Planning boosted its position in Howmet Aerospace by 14.3% in the third quarter. Creative Planning now owns 52,170 shares of the company's stock valued at $5,230,000 after buying an additional 6,537 shares during the last quarter. Vontobel Holding Ltd. boosted its position in Howmet Aerospace by 5.7% in the third quarter. Vontobel Holding Ltd. now owns 3,876 shares of the company's stock valued at $389,000 after buying an additional 208 shares during the last quarter. Blue Trust Inc. boosted its position in Howmet Aerospace by 50.3% in the third quarter. Blue Trust Inc. now owns 2,542 shares of the company's stock valued at $255,000 after buying an additional 851 shares during the last quarter. Raymond James & Associates boosted its position in Howmet Aerospace by 10.5% in the third quarter. Raymond James & Associates now owns 421,142 shares of the company's stock valued at $42,219,000 after buying an additional 39,933 shares during the last quarter. Finally, Venture Visionary Partners LLC purchased a new stake in Howmet Aerospace in the third quarter valued at approximately $248,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

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.