Sanford C. Bernstein Boosts Howmet Aerospace (NYSE:HWM) Price Target to $127.00

Howmet Aerospace (NYSE:HWM - Free Report) had its target price hoisted by Sanford C. Bernstein from $113.00 to $127.00 in a research note released on Monday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other analysts also recently commented on HWM. Royal Bank of Canada boosted their price objective on shares of Howmet Aerospace from $90.00 to $105.00 and gave the stock an "outperform" rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price objective on shares of Howmet Aerospace from $83.00 to $105.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 31st. Robert W. Baird raised their target price on shares of Howmet Aerospace from $84.00 to $113.00 and gave the company an "outperform" rating in a report on Wednesday, July 31st. Benchmark upped their price target on shares of Howmet Aerospace from $53.00 to $85.00 and gave the company a "buy" rating in a report on Friday, July 12th. Finally, KeyCorp raised their price objective on shares of Howmet Aerospace from $90.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $101.50.

Howmet Aerospace Stock Performance

NYSE HWM traded up $0.78 on Monday, hitting $106.33. 1,724,184 shares of the company's stock were exchanged, compared to its average volume of 2,981,707. The firm has a market cap of $43.40 billion, a price-to-earnings ratio of 51.19, a P/E/G ratio of 1.51 and a beta of 1.46. The firm's 50-day moving average price is $97.95 and its two-hundred day moving average price is $85.47. Howmet Aerospace has a fifty-two week low of $42.94 and a fifty-two week high of $106.93. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.53 and a quick ratio of 0.74.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.67 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.07. Howmet Aerospace had a return on equity of 23.02% and a net margin of 13.15%. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the prior year, the company posted $0.44 earnings per share. Howmet Aerospace's quarterly revenue was up 14.1% on a year-over-year basis. On average, research analysts expect that Howmet Aerospace will post 2.59 EPS for the current year.

Howmet Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Friday, November 8th. Howmet Aerospace's payout ratio is 15.46%.

Insiders Place Their Bets

In other news, CFO Ken Giacobbe sold 154,909 shares of the firm's stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the completion of the sale, the chief financial officer now directly owns 155,135 shares in the company, valued at $14,982,938.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of the firm's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the completion of the transaction, the executive vice president now directly owns 92,687 shares of the company's stock, valued at $8,985,077.78. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ken Giacobbe sold 154,909 shares of the business's stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the completion of the sale, the chief financial officer now directly owns 155,135 shares of the company's stock, valued at $14,982,938.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Howmet Aerospace

Hedge funds have recently bought and sold shares of the company. NBC Securities Inc. lifted its holdings in Howmet Aerospace by 19.8% during the 1st quarter. NBC Securities Inc. now owns 1,685 shares of the company's stock worth $115,000 after buying an additional 278 shares during the last quarter. Park Avenue Securities LLC bought a new stake in Howmet Aerospace during the first quarter valued at $263,000. Ballentine Partners LLC acquired a new stake in shares of Howmet Aerospace during the first quarter worth $265,000. S.A. Mason LLC lifted its position in shares of Howmet Aerospace by 31.8% in the 1st quarter. S.A. Mason LLC now owns 1,035 shares of the company's stock worth $71,000 after buying an additional 250 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Howmet Aerospace by 2.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,746 shares of the company's stock valued at $872,000 after buying an additional 246 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

About Howmet Aerospace

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.