Howmet Aerospace (NYSE:HWM) Given New $132.00 Price Target at Wells Fargo & Company

Howmet Aerospace (NYSE:HWM - Free Report) had its price objective reduced by Wells Fargo & Company from $146.00 to $132.00 in a research report released on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

HWM has been the topic of several other reports. Morgan Stanley upped their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. upped their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. The Goldman Sachs Group increased their price target on Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Truist Financial reissued a "buy" rating and set a $140.00 price objective (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Finally, Barclays upped their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $123.28.

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Howmet Aerospace Stock Performance

Howmet Aerospace stock traded up $1.50 during mid-day trading on Tuesday, reaching $125.69. The company had a trading volume of 2,035,883 shares, compared to its average volume of 2,752,891. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The company has a 50 day moving average of $128.80 and a 200-day moving average of $118.02. Howmet Aerospace has a 52 week low of $62.80 and a 52 week high of $140.55. The firm has a market cap of $50.91 billion, a price-to-earnings ratio of 44.57, a PEG ratio of 1.92 and a beta of 1.25.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The firm had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.88 billion. On average, sell-side analysts expect that Howmet Aerospace will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 annualized dividend and a yield of 0.32%. Howmet Aerospace's payout ratio is presently 14.18%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HWM. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Howmet Aerospace in the 4th quarter valued at approximately $25,000. Meeder Asset Management Inc. raised its position in 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 in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Howmet Aerospace during the fourth quarter worth $25,000. R Squared Ltd acquired a new stake in Howmet Aerospace in the fourth quarter valued at $26,000. Finally, Washington Trust Advisors Inc. bought a new position in shares of Howmet Aerospace in the 4th quarter valued at about $29,000. 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.