Royal Bank of Canada Issues Positive Forecast for Howmet Aerospace (NYSE:HWM) Stock Price

Howmet Aerospace (NYSE:HWM - Free Report) had its price objective raised by Royal Bank of Canada from $105.00 to $135.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other research analysts have also commented on the company. KeyCorp lowered Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a report on Thursday, October 24th. 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 report on Thursday. JPMorgan Chase & Co. raised their target price on shares of Howmet Aerospace from $83.00 to $105.00 and gave the stock an "overweight" rating in a report on Wednesday, July 31st. Benchmark boosted their price target on Howmet Aerospace from $53.00 to $85.00 and gave the company a "buy" rating in a research note on Friday, July 12th. Finally, Barclays raised their price objective on Howmet Aerospace from $85.00 to $100.00 and gave the stock an "overweight" rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $109.75.

Howmet Aerospace Stock Performance

HWM stock traded down $3.63 during mid-day trading on Thursday, hitting $111.23. 2,607,251 shares of the company were exchanged, compared to its average volume of 2,957,168. Howmet Aerospace has a 1-year low of $47.88 and a 1-year high of $115.38. The stock has a market capitalization of $45.40 billion, a PE ratio of 49.43, a price-to-earnings-growth ratio of 1.45 and a beta of 1.46. The business has a 50 day simple moving average of $99.75 and a 200-day simple moving average of $88.76. The company has a current ratio of 1.53, a quick ratio of 0.74 and a debt-to-equity ratio of 0.68.

Howmet Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be issued 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 dividend yield of 0.29%. Howmet Aerospace's dividend payout ratio (DPR) is presently 14.16%.

Insider Activity at Howmet Aerospace

In other Howmet Aerospace news, CFO Ken Giacobbe sold 154,909 shares of the company's stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total value of $14,961,111.22. Following the completion of the transaction, the chief financial officer now owns 155,135 shares of the company's stock, valued at $14,982,938.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Neil Edward Marchuk sold 70,637 shares of the business's 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 $8,985,077.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed 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 dated Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total value of $14,961,111.22. Following the transaction, the chief financial officer now directly owns 155,135 shares in the company, valued at $14,982,938.30. The trade was 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.

Institutional Investors Weigh In On Howmet Aerospace

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cultivar Capital Inc. acquired a new stake in Howmet Aerospace during the 2nd quarter valued at approximately $26,000. RiverPark Advisors LLC acquired a new stake in shares of Howmet Aerospace during the third quarter worth $26,000. LGT Financial Advisors LLC raised its stake 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 buying an additional 262 shares during the last quarter. Hollencrest Capital Management acquired a new position in Howmet Aerospace in the third quarter valued at $30,000. Finally, Rothschild Investment LLC bought a new stake in Howmet Aerospace during the second quarter valued at $32,000. 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.