Howmet Aerospace (NYSE:HWM) Hits New 1-Year High After Analyst Upgrade

Howmet Aerospace Inc. (NYSE:HWM - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday after Truist Financial raised their price target on the stock from $128.00 to $130.00. Truist Financial currently has a buy rating on the stock. Howmet Aerospace traded as high as $124.15 and last traded at $122.66, with a volume of 268243 shares trading hands. The stock had previously closed at $119.19.

A number of other brokerages have also recently issued reports on HWM. UBS Group increased their target price on Howmet Aerospace from $103.00 to $120.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Wells Fargo & Company increased their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft lifted their price objective on Howmet Aerospace from $106.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. KeyCorp lowered shares of Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada lifted their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $115.71.

Institutional Trading of Howmet Aerospace

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. RiverPark Advisors LLC acquired a new position in Howmet Aerospace during the 3rd quarter valued at about $26,000. Hollencrest Capital Management bought a new stake in shares of Howmet Aerospace during the third quarter worth approximately $30,000. ORG Partners LLC acquired a new position in Howmet Aerospace in the fourth quarter valued at approximately $44,000. Assetmark Inc. lifted its holdings in Howmet Aerospace by 40.0% in the third quarter. Assetmark Inc. now owns 441 shares of the company's stock valued at $44,000 after buying an additional 126 shares during the period. Finally, Planning Capital Management Corp bought a new position in Howmet Aerospace in the third quarter valued at approximately $51,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Stock Up 2.3 %

The business's fifty day simple moving average is $114.16 and its 200 day simple moving average is $100.89. The stock has a market cap of $49.54 billion, a price-to-earnings ratio of 46.54, a price-to-earnings-growth ratio of 1.56 and a beta of 1.49. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76.

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.