Howmet Aerospace Inc. (NYSE:HWM) Receives $97.75 Average Target Price from Brokerages

Shares of Howmet Aerospace Inc. (NYSE:HWM - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the sixteen analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $97.75.

A number of equities analysts have recently weighed in on the company. Benchmark boosted their target price on Howmet Aerospace from $53.00 to $85.00 and gave the stock a "buy" rating in a research note on Friday, July 12th. Truist Financial lifted their price target on Howmet Aerospace from $105.00 to $123.00 and gave the stock a "buy" rating in a report on Friday. Susquehanna initiated coverage on Howmet Aerospace in a research report on Tuesday, October 8th. They set a "positive" rating and a $120.00 target price for the company. JPMorgan Chase & Co. lifted their target price on Howmet Aerospace from $83.00 to $105.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 31st. Finally, KeyCorp increased their price target on shares of Howmet Aerospace from $90.00 to $105.00 and gave the company an "overweight" rating in a research report on Thursday, August 1st.

Insider Transactions at Howmet Aerospace

In related news, CFO Ken Giacobbe sold 154,909 shares of the business's stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total transaction 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 approximately $14,982,938.30. The trade was 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 accessible through the SEC website. In other Howmet Aerospace news, CFO Ken Giacobbe sold 154,909 shares of the firm's stock in a transaction on Thursday, August 22nd. The shares were 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 directly owns 155,135 shares of the company's stock, valued at $14,982,938.30. This trade 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. Also, EVP Neil Edward Marchuk sold 70,637 shares of the company's stock in a transaction on Friday, August 23rd. The stock was 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 in the company, valued at approximately $8,985,077.78. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.12% of the company's stock.

Institutional Trading of Howmet Aerospace

Large investors have recently modified their holdings of the business. Cultivar Capital Inc. bought a new stake in Howmet Aerospace during the second quarter valued at approximately $26,000. LGT Financial Advisors LLC lifted its holdings in shares of Howmet Aerospace by 278.7% during the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company's stock worth $28,000 after acquiring an additional 262 shares during the last quarter. Rothschild Investment LLC purchased a new position in Howmet Aerospace in the second quarter worth $32,000. Versant Capital Management Inc increased its stake in Howmet Aerospace by 1,209.1% in the second quarter. Versant Capital Management Inc now owns 432 shares of the company's stock valued at $34,000 after acquiring an additional 399 shares during the last quarter. Finally, Whittier Trust Co. raised its position in Howmet Aerospace by 81.4% during the first quarter. Whittier Trust Co. now owns 508 shares of the company's stock valued at $35,000 after purchasing an additional 228 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Howmet Aerospace Stock Down 0.6 %

Shares of NYSE:HWM traded down $0.67 during mid-day trading on Friday, hitting $105.54. 1,706,598 shares of the company traded hands, compared to its average volume of 2,988,055. The stock has a 50-day moving average price of $97.95 and a two-hundred day moving average price of $85.47. Howmet Aerospace has a 12-month low of $42.94 and a 12-month high of $106.76. The stock has a market cap of $43.08 billion, a P/E ratio of 50.99, a P/E/G ratio of 1.51 and a beta of 1.46. 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 (NYSE:HWM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.07. Howmet Aerospace had a net margin of 13.15% and a return on equity of 23.02%. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the previous year, the firm earned $0.44 EPS. The business's revenue for the quarter was up 14.1% compared to the same quarter last year. On average, equities research analysts forecast that Howmet Aerospace will post 2.59 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a yield of 0.30%. Howmet Aerospace's dividend payout ratio (DPR) is 15.46%.

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.