Howmet Aerospace (NYSE:HWM) Given New $129.00 Price Target at Wells Fargo & Company

Howmet Aerospace (NYSE:HWM - Get Free Report) had its price target increased by research analysts at Wells Fargo & Company from $113.00 to $129.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Wells Fargo & Company's target price indicates a potential upside of 13.60% from the stock's current price.

A number of other equities research analysts have also recently commented on HWM. KeyCorp cut shares of Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a report on Thursday, October 24th. Barclays upped their price objective on Howmet Aerospace from $100.00 to $130.00 and gave the company an "overweight" rating in a research note on Monday. Royal Bank of Canada raised their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. BTIG Research upped their price objective on shares of Howmet Aerospace from $95.00 to $115.00 and gave the company a "buy" rating in a report on Monday, August 5th. Finally, Truist Financial raised their price target on Howmet Aerospace from $123.00 to $128.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $114.19.

Howmet Aerospace Trading Down 1.0 %

Shares of NYSE:HWM traded down $1.12 during midday trading on Tuesday, hitting $113.56. 2,176,944 shares of the stock were exchanged, compared to its average volume of 2,942,796. Howmet Aerospace has a 12 month low of $49.36 and a 12 month high of $115.98. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.74 and a current ratio of 2.24. The stock has a market capitalization of $46.35 billion, a price-to-earnings ratio of 43.77, a P/E/G ratio of 1.60 and a beta of 1.46. The business's 50-day moving average price is $100.74 and its 200 day moving average price is $89.97.

Insider Buying and Selling at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $96.94, for a total value of $6,847,550.78. Following the sale, the executive vice president now owns 92,687 shares of the company's stock, valued at approximately $8,985,077.78. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Howmet Aerospace news, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the completion of the sale, the chief financial officer now directly owns 155,135 shares of the company's stock, valued at $14,982,938.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $96.94, for a total value of $6,847,550.78. Following the sale, the executive vice president now owns 92,687 shares in the company, valued at $8,985,077.78. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.12% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of HWM. Lone Pine Capital LLC acquired a new position in Howmet Aerospace in the second quarter valued at $284,539,000. Price T Rowe Associates Inc. MD grew its position in shares of Howmet Aerospace by 28.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,130,606 shares of the company's stock worth $966,959,000 after buying an additional 3,158,186 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Howmet Aerospace by 18.7% during the first quarter. JPMorgan Chase & Co. now owns 17,877,503 shares of the company's stock worth $1,223,358,000 after purchasing an additional 2,813,911 shares during the last quarter. TD Asset Management Inc increased its holdings in shares of Howmet Aerospace by 986.0% in the 1st quarter. TD Asset Management Inc now owns 2,697,449 shares of the company's stock valued at $184,586,000 after acquiring an additional 2,449,057 shares during the last quarter. Finally, Capital Research Global Investors acquired a new stake in shares of Howmet Aerospace during the first quarter worth $148,996,000. 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.