Howmet Aerospace (NYSE:HWM) Given New $130.00 Price Target at Truist Financial

Howmet Aerospace (NYSE:HWM - Get Free Report) had its price objective lifted by Truist Financial from $128.00 to $130.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Truist Financial's price target would indicate a potential upside of 9.12% from the stock's previous close.

A number of other brokerages have also issued reports on HWM. Wells Fargo & Company boosted their target price on Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. Sanford C. Bernstein boosted their price target on Howmet Aerospace from $113.00 to $127.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Susquehanna increased their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the company a "positive" rating in a report on Thursday, November 7th. Finally, Bank of America raised their target price on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Howmet Aerospace presently has an average rating of "Moderate Buy" and a consensus target price of $115.71.

Howmet Aerospace Stock Up 3.8 %

Shares of HWM traded up $4.39 during midday trading on Tuesday, hitting $119.14. The stock had a trading volume of 3,173,108 shares, compared to its average volume of 2,382,857. The firm has a market cap of $48.40 billion, a price-to-earnings ratio of 45.47, a price-to-earnings-growth ratio of 1.56 and a beta of 1.49. The company has a 50 day simple moving average of $113.82 and a two-hundred day simple moving average of $100.60. Howmet Aerospace has a twelve month low of $53.18 and a twelve month high of $120.71. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98.

Hedge Funds Weigh In On Howmet Aerospace

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in Howmet Aerospace by 8.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company's stock valued at $1,775,578,000 after purchasing an additional 1,336,592 shares during the period. State Street Corp lifted its holdings in shares of Howmet Aerospace by 2.3% during the third quarter. State Street Corp now owns 17,440,176 shares of the company's stock worth $1,748,378,000 after buying an additional 384,171 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Howmet Aerospace by 5.0% in the third quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company's stock valued at $949,382,000 after acquiring an additional 453,275 shares during the period. Lone Pine Capital LLC acquired a new position in shares of Howmet Aerospace in the second quarter valued at about $284,539,000. Finally, Charles Schwab Investment Management Inc. increased its position in Howmet Aerospace by 5.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company's stock worth $231,101,000 after acquiring an additional 114,457 shares during the period. Institutional investors own 90.46% of the company's stock.

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.