Howmet Aerospace (NYSE:HWM) Reaches New 1-Year High After Analyst Upgrade

Howmet Aerospace Inc. (NYSE:HWM - Get Free Report)'s stock price reached a new 52-week high on Wednesday after Morgan Stanley raised their price target on the stock from $125.00 to $155.00. Morgan Stanley currently has an overweight rating on the stock. Howmet Aerospace traded as high as $137.41 and last traded at $136.62, with a volume of 3218206 shares. The stock had previously closed at $133.42.

Other equities analysts have also recently issued reports about the stock. Susquehanna upped their price target 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. JPMorgan Chase & Co. increased their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Barclays lifted their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday. Wells Fargo & Company upped their price target on Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Finally, The Goldman Sachs Group raised their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday. One investment 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.com, Howmet Aerospace presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.28.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Creative Planning boosted its position in shares of Howmet Aerospace by 14.3% during the 3rd quarter. Creative Planning now owns 52,170 shares of the company's stock worth $5,230,000 after purchasing an additional 6,537 shares in the last quarter. Blue Trust Inc. boosted its holdings in Howmet Aerospace by 50.3% in the third quarter. Blue Trust Inc. now owns 2,542 shares of the company's stock worth $255,000 after acquiring an additional 851 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in Howmet Aerospace by 42.9% in the third quarter. Sequoia Financial Advisors LLC now owns 3,950 shares of the company's stock valued at $396,000 after acquiring an additional 1,185 shares during the period. Signaturefd LLC increased its holdings in shares of Howmet Aerospace by 20.3% during the third quarter. Signaturefd LLC now owns 4,279 shares of the company's stock valued at $429,000 after acquiring an additional 722 shares in the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of Howmet Aerospace by 2.6% during the third quarter. Private Advisor Group LLC now owns 17,009 shares of the company's stock valued at $1,705,000 after acquiring an additional 433 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Price Performance

The business has a 50-day moving average price of $121.18 and a two-hundred day moving average price of $109.59. 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 company has a market capitalization of $52.58 billion, a price-to-earnings ratio of 46.04, a price-to-earnings-growth ratio of 1.92 and a beta of 1.50.

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

Howmet Aerospace Increases Dividend

The business also recently declared 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. The ex-dividend date is Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.08. Howmet Aerospace's payout ratio is 14.18%.

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.