Howmet Aerospace (NYSE:HWM) Price Target Cut to $136.00 by Analysts at Truist Financial

Howmet Aerospace (NYSE:HWM - Free Report) had its price objective trimmed by Truist Financial from $140.00 to $136.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts have also commented on the stock. Barclays upped their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Wells Fargo & Company restated an "equal weight" rating and issued a $118.00 target price (down from $132.00) on shares of Howmet Aerospace in a research note on Tuesday, April 15th. JPMorgan Chase & Co. lifted their price target on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Morgan Stanley raised their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Finally, The Goldman Sachs Group increased their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $125.06.

Howmet Aerospace Stock Performance

HWM stock traded up $3.90 during mid-day trading on Thursday, reaching $123.37. 867,167 shares of the stock traded hands, compared to its average volume of 2,741,086. 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 of $128.23 and a two-hundred day moving average of $119.11. The firm has a market capitalization of $49.97 billion, a PE ratio of 43.76, a P/E/G ratio of 1.92 and a beta of 1.25. Howmet Aerospace has a 52 week low of $62.80 and a 52 week high of $140.55.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.03. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. As a group, equities analysts predict that Howmet Aerospace will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. Howmet Aerospace's payout ratio is 14.18%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Murphy & Mullick Capital Management Corp bought a new position in Howmet Aerospace in the fourth quarter valued at approximately $25,000. Meeder Asset Management Inc. grew its stake in shares of Howmet Aerospace by 208.1% during the fourth 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 period. Aster Capital Management DIFC Ltd acquired a new position in Howmet Aerospace in the fourth quarter valued at about $25,000. R Squared Ltd acquired a new position in Howmet Aerospace in the fourth quarter valued at about $26,000. Finally, Washington Trust Advisors Inc. bought a new position in Howmet Aerospace during the fourth quarter worth about $29,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

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.