Howmet Aerospace (NYSE:HWM) Hits New 12-Month High - Time to Buy?

Howmet Aerospace Inc. (NYSE:HWM - Get Free Report)'s share price hit a new 52-week high on Tuesday . The stock traded as high as $128.95 and last traded at $126.95, with a volume of 11484 shares changing hands. The stock had previously closed at $125.30.

Analysts Set New Price Targets

A number of analysts have commented on HWM shares. Sanford C. Bernstein boosted their price target on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. Susquehanna increased their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the stock a "positive" rating in a research note on Thursday, November 7th. Robert W. Baird boosted their price target on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Finally, Truist Financial increased their price objective on Howmet Aerospace from $128.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $115.71.

Howmet Aerospace Trading Up 1.5 %

The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The stock has a market cap of $51.66 billion, a P/E ratio of 48.53, a price-to-earnings-growth ratio of 1.41 and a beta of 1.49. The business's fifty day simple moving average is $114.99 and its 200 day simple moving average is $102.17.

Institutional Trading of Howmet Aerospace

Hedge funds have recently modified their holdings of the stock. Vista Investment Partners LLC bought a new position in Howmet Aerospace in the 4th quarter valued at $531,000. Geneos Wealth Management Inc. increased its position in Howmet Aerospace by 303.1% in the fourth quarter. Geneos Wealth Management Inc. now owns 10,960 shares of the company's stock worth $1,199,000 after purchasing an additional 8,241 shares during the period. Curated Wealth Partners LLC bought a new stake in Howmet Aerospace during the 4th quarter worth about $264,000. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Howmet Aerospace by 51.2% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 30,673 shares of the company's stock valued at $3,355,000 after purchasing an additional 10,384 shares during the last quarter. Finally, Berbice Capital Management LLC bought a new position in shares of Howmet Aerospace in the 4th quarter valued at about $219,000. 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.