Howmet Aerospace (NYSE:HWM) Earns "Buy" Rating from Truist Financial

Howmet Aerospace (NYSE:HWM - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at Truist Financial in a report issued on Friday,Benzinga reports. They currently have a $140.00 price objective on the stock, up from their previous price objective of $130.00. Truist Financial's price objective points to a potential upside of 4.74% from the stock's previous close.

A number of other equities analysts also recently commented on the company. Royal Bank of Canada lifted their price objective on Howmet Aerospace from $105.00 to $135.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Bank of America lifted their price target on Howmet Aerospace from $100.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Robert W. Baird upped their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Sanford C. Bernstein lifted their target price on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. Finally, Susquehanna increased their price target on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a "positive" rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $117.76.

Howmet Aerospace Price Performance

HWM traded up $5.58 on Friday, hitting $133.66. 4,278,007 shares of the company's stock were exchanged, compared to its average volume of 2,619,512. Howmet Aerospace has a fifty-two week low of $62.70 and a fifty-two week high of $133.92. The stock has a market cap of $54.30 billion, a price-to-earnings ratio of 51.02, a P/E/G ratio of 1.45 and a beta of 1.50. The firm has a 50-day moving average price of $119.05 and a 200-day moving average price of $108.28. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.03. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a net margin of 14.81% and a return on equity of 24.50%. As a group, equities analysts anticipate that Howmet Aerospace will post 2.66 earnings per share for the current year.

Hedge Funds Weigh In On Howmet Aerospace

Hedge funds and other institutional investors have recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Howmet Aerospace during the fourth quarter worth about $25,000. Meeder Asset Management Inc. increased its position in shares of Howmet Aerospace by 208.1% during the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock worth $25,000 after acquiring an additional 154 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of Howmet Aerospace in the fourth quarter valued at $25,000. RiverPark Advisors LLC purchased a new position in Howmet Aerospace in the third quarter valued at $26,000. Finally, R Squared Ltd acquired a new position in Howmet Aerospace during the 4th quarter worth $26,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

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.