Howmet Aerospace (NYSE:HWM) Stock Price Expected to Rise, Barclays Analyst Says

Howmet Aerospace (NYSE:HWM - Free Report) had its price target lifted by Barclays from $100.00 to $130.00 in a research report sent to investors on Monday,Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other analysts have also recently weighed in on the stock. Robert W. Baird lifted 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. Susquehanna lifted their target price on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a "positive" rating in a research note on Thursday. Truist Financial increased their price target on shares of Howmet Aerospace from $123.00 to $128.00 and gave the stock a "buy" rating in a research note on Thursday. UBS Group upped their target price on Howmet Aerospace from $103.00 to $120.00 and gave the stock a "neutral" rating in a report on Thursday. Finally, JPMorgan Chase & Co. lifted their price objective on Howmet Aerospace from $83.00 to $105.00 and gave the stock an "overweight" rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Howmet Aerospace currently has a consensus rating of "Moderate Buy" and an average price target of $111.63.

Howmet Aerospace Trading Up 0.9 %

Shares of NYSE HWM traded up $1.03 during mid-day trading on Monday, hitting $114.68. The stock had a trading volume of 1,533,531 shares, compared to its average volume of 2,375,326. The business has a 50 day moving average price of $100.38 and a two-hundred day moving average price of $89.61. Howmet Aerospace has a 1 year low of $49.36 and a 1 year 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 firm has a market cap of $46.81 billion, a P/E ratio of 43.77, a price-to-earnings-growth ratio of 1.60 and a beta of 1.46.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.32 annualized dividend and a yield of 0.28%. Howmet Aerospace's dividend payout ratio (DPR) is 12.21%.

Insider Buying and Selling at Howmet Aerospace

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

Hedge Funds Weigh In On Howmet Aerospace

A number of large investors have recently bought and sold shares of the business. RiverPark Advisors LLC acquired a new stake in shares of Howmet Aerospace in the third quarter worth approximately $26,000. Hollencrest Capital Management purchased a new position in shares of Howmet Aerospace in the third quarter worth about $30,000. Cultivar Capital Inc. purchased a new position in shares of Howmet Aerospace in the second quarter worth about $26,000. LGT Financial Advisors LLC boosted its position in Howmet Aerospace by 278.7% during the second quarter. LGT Financial Advisors LLC now owns 356 shares of the company's stock worth $28,000 after acquiring an additional 262 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new stake in Howmet Aerospace during the 2nd quarter valued at about $32,000. Institutional investors and hedge funds own 90.46% of the company's stock.

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.