Howmet Aerospace (NYSE:HWM) Receives Equal Weight Rating from Wells Fargo & Company

Howmet Aerospace (NYSE:HWM - Get Free Report)'s stock had its "equal weight" rating reissued by Wells Fargo & Company in a research note issued on Tuesday, MarketBeat reports. They presently have a $118.00 price objective on the stock, down from their prior price objective of $132.00. Wells Fargo & Company's target price indicates a potential downside of 4.22% from the stock's previous close.

A number of other brokerages have also weighed in on HWM. Northcoast Research upgraded Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. 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. JPMorgan Chase & Co. raised their price target on Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Morgan Stanley increased their target price on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Finally, Barclays lifted their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $122.28.

Howmet Aerospace Stock Down 0.6 %

Shares of NYSE:HWM traded down $0.73 during mid-day trading on Tuesday, hitting $123.21. 2,188,892 shares of the company traded hands, compared to its average volume of 2,752,565. Howmet Aerospace has a 52-week low of $62.80 and a 52-week high of $140.55. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The firm has a market cap of $49.90 billion, a P/E ratio of 43.69, a PEG ratio of 1.92 and a beta of 1.25. The firm's 50 day simple moving average is $128.40 and its 200 day simple moving average is $118.74.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced 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. The company had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. On average, equities analysts anticipate that Howmet Aerospace will post 3.27 EPS for the current year.

Institutional Trading of Howmet Aerospace

Several institutional investors have recently bought and sold shares of the business. Murphy & Mullick Capital Management Corp purchased a new stake in Howmet Aerospace in the fourth quarter valued at $25,000. Meeder Asset Management Inc. lifted its stake in shares of Howmet Aerospace by 208.1% in the 4th 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 position in shares of Howmet Aerospace during the 4th quarter worth $25,000. R Squared Ltd acquired a new position in shares of Howmet Aerospace during the 4th quarter worth $26,000. Finally, Washington Trust Advisors Inc. acquired a new stake in shares of Howmet Aerospace during the fourth quarter valued at $29,000. 90.46% of the stock is owned by institutional investors and hedge funds.

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.