Northcoast Research Upgrades Howmet Aerospace (NYSE:HWM) to "Neutral"

Howmet Aerospace (NYSE:HWM - Get Free Report) was upgraded by research analysts at Northcoast Research from a "sell" rating to a "neutral" rating in a report issued on Wednesday, Marketbeat reports.

A number of other equities analysts have also commented on the stock. Morgan Stanley boosted their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Wells Fargo & Company reduced their price target on Howmet Aerospace from $146.00 to $132.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. lifted their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. The Goldman Sachs Group increased their target price on Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Finally, Truist Financial restated a "buy" rating and issued a $140.00 price target (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $123.28.

Howmet Aerospace Stock Up 1.5 %

Shares of HWM traded up $1.85 during midday trading on Wednesday, reaching $127.52. 590,517 shares of the company were exchanged, compared to its average volume of 2,744,406. Howmet Aerospace has a 1-year low of $62.80 and a 1-year high of $140.55. The stock has a 50-day moving average price of $128.80 and a 200-day moving average price of $118.15. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The company has a market cap of $51.65 billion, a price-to-earnings ratio of 45.22, a P/E/G ratio of 1.92 and a beta of 1.25.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Research analysts expect that Howmet Aerospace will post 3.27 earnings per share for the current year.

Institutional Trading of Howmet Aerospace

Several hedge funds have recently bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new stake in shares of Howmet Aerospace during the third quarter valued at approximately $271,000. Wellington Management Group LLP bought a new stake in Howmet Aerospace during the 3rd quarter valued at $292,000. EP Wealth Advisors LLC bought a new stake in Howmet Aerospace during the 3rd quarter valued at $248,000. Orion Portfolio Solutions LLC boosted its position in Howmet Aerospace by 25.3% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 14,373 shares of the company's stock worth $1,441,000 after acquiring an additional 2,902 shares during the period. Finally, MML Investors Services LLC grew its stake in shares of Howmet Aerospace by 7.0% in the third quarter. MML Investors Services LLC now owns 37,497 shares of the company's stock worth $3,759,000 after purchasing an additional 2,442 shares in the last quarter. 90.46% of the stock is currently owned by 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.