Howmet Aerospace (NYSE:HWM) Shares Gap Down - Should You Sell?

Howmet Aerospace Inc. (NYSE:HWM - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $127.46, but opened at $123.60. Howmet Aerospace shares last traded at $126.44, with a volume of 301,333 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on HWM shares. Morgan Stanley lifted their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. The Goldman Sachs Group upped 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. Truist Financial cut their price objective on Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating for the company in a research note on Thursday. Finally, JPMorgan Chase & Co. raised their target price on Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $122.28.

Howmet Aerospace Stock Down 0.6 %

The firm's fifty day simple moving average is $128.40 and its two-hundred day simple moving average is $118.74. The company has a market capitalization of $49.90 billion, a price-to-earnings ratio of 43.69, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.74 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 company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. Sell-side analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The business 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 dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. Howmet Aerospace's payout ratio is currently 14.18%.

Institutional Trading of Howmet Aerospace

Several institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Howmet Aerospace during the fourth quarter worth $1,001,558,000. JPMorgan Chase & Co. lifted its stake in Howmet Aerospace by 14.0% during the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock worth $2,209,071,000 after acquiring an additional 2,486,649 shares in the last quarter. Winslow Capital Management LLC purchased a new position in Howmet Aerospace during the 4th quarter valued at about $265,844,000. GAMMA Investing LLC grew its position in Howmet Aerospace by 15,741.8% in the 1st quarter. GAMMA Investing LLC now owns 1,328,176 shares of the company's stock valued at $1,723,040,000 after acquiring an additional 1,319,792 shares in the last quarter. Finally, Janus Henderson Group PLC increased 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 purchasing an additional 1,026,130 shares during the period. 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.