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

Howmet Aerospace (NYSE:HWM - Free Report) had its price target upped by Morgan Stanley from $125.00 to $155.00 in a research note published on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Several other brokerages also recently weighed in on HWM. Barclays increased their price target on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday. The Goldman Sachs Group increased their price target on Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday. Truist Financial reaffirmed a "buy" rating and set a $140.00 price target (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. KeyCorp downgraded Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a report on Thursday, October 24th. Finally, Robert W. Baird boosted their target price on Howmet Aerospace from $113.00 to $144.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $123.28.

Howmet Aerospace Stock Performance

NYSE HWM traded down $8.61 during trading on Wednesday, reaching $129.83. The company's stock had a trading volume of 3,517,780 shares, compared to its average volume of 2,751,625. 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 firm has a market cap of $52.58 billion, a price-to-earnings ratio of 46.04, a P/E/G ratio of 1.94 and a beta of 1.50. Howmet Aerospace has a twelve month low of $62.80 and a twelve month high of $140.55. The business's fifty day moving average price is $121.18 and its 200-day moving average price is $109.59.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.03. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. As a group, analysts anticipate that Howmet Aerospace will post 3.26 EPS 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. Shareholders of record on Friday, February 7th will be issued a $0.10 dividend. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.08. The ex-dividend date is Friday, February 7th. This represents a $0.40 annualized dividend and a yield of 0.31%. Howmet Aerospace's dividend payout ratio is 14.18%.

Institutional Trading of Howmet Aerospace

Several large investors have recently bought and sold shares of HWM. Murphy & Mullick Capital Management Corp acquired a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $25,000. Meeder Asset Management Inc. raised its position in shares of Howmet Aerospace by 208.1% during the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock worth $25,000 after purchasing an additional 154 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $25,000. RiverPark Advisors LLC acquired a new position in shares of Howmet Aerospace during the 3rd quarter worth approximately $26,000. Finally, R Squared Ltd acquired a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $26,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Company Profile

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.