Howmet Aerospace (NYSE:HWM) Price Target Raised to $140.00 at Barclays

Howmet Aerospace (NYSE:HWM - Free Report) had its price target lifted by Barclays from $130.00 to $140.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also issued research reports about the stock. Susquehanna boosted their price objective on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a "positive" rating in a research report on Thursday, November 7th. UBS Group boosted their price objective on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Wells Fargo & Company boosted their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. KeyCorp lowered shares of Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a research report on Thursday, October 24th. Finally, Truist Financial reissued a "buy" rating and issued a $140.00 price objective (up previously from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $123.28.

Howmet Aerospace Price Performance

HWM traded down $8.61 during midday trading on Tuesday, reaching $129.83. 3,517,780 shares of the company's stock were exchanged, compared to its average volume of 2,751,625. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The stock has a market capitalization of $52.58 billion, a PE ratio of 46.04, a P/E/G ratio of 1.94 and a beta of 1.50. The business's 50-day moving average price is $121.18 and its 200 day moving average price is $109.59. Howmet Aerospace has a 1-year low of $62.80 and a 1-year high of $140.55.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.03. The company had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. As a group, equities analysts anticipate that Howmet Aerospace will post 3.26 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.10 per share. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.31%. The ex-dividend date is Friday, February 7th. Howmet Aerospace's payout ratio is currently 14.18%.

Institutional Investors Weigh In On Howmet Aerospace

Several institutional investors have recently bought and sold shares of HWM. Norges Bank purchased a new stake in Howmet Aerospace during the fourth quarter worth approximately $1,001,558,000. JPMorgan Chase & Co. grew its stake in Howmet Aerospace by 14.0% during the fourth quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock worth $2,209,071,000 after buying an additional 2,486,649 shares during the period. Winslow Capital Management LLC purchased a new stake in Howmet Aerospace during the fourth quarter worth approximately $265,844,000. Janus Henderson Group PLC grew its stake in Howmet Aerospace by 10.3% during the fourth quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company's stock worth $1,197,315,000 after buying an additional 1,026,130 shares during the period. Finally, Zurich Insurance Group Ltd FI purchased a new position in shares of Howmet Aerospace in the fourth quarter valued at $102,996,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

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.