Howmet Aerospace Inc. (NYSE:HWM) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Howmet Aerospace Inc. (NYSE:HWM) have received an average recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $74.69.

Several equities research analysts recently commented on HWM shares. Truist Financial boosted their price objective on shares of Howmet Aerospace from $74.00 to $88.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. KeyCorp upped their target price on shares of Howmet Aerospace from $70.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Robert W. Baird upped their target price on shares of Howmet Aerospace from $74.00 to $84.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Royal Bank of Canada upped their target price on shares of Howmet Aerospace from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Finally, The Goldman Sachs Group upped their target price on shares of Howmet Aerospace from $77.00 to $87.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 32,614 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $84.26, for a total transaction of $2,748,055.64. Following the completion of the sale, the executive vice president now directly owns 217,687 shares of the company’s stock, valued at $18,342,306.62. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.12% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Howmet Aerospace

A number of hedge funds have recently modified their holdings of HWM. Norges Bank bought a new position in shares of Howmet Aerospace in the fourth quarter worth approximately $508,006,000. JPMorgan Chase & Co. boosted its position in shares of Howmet Aerospace by 118.7% during the third quarter. JPMorgan Chase & Co. now owns 13,239,071 shares of the company’s stock worth $612,307,000 after acquiring an additional 7,184,620 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Howmet Aerospace by 28.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,130,606 shares of the company’s stock worth $966,959,000 after acquiring an additional 3,158,186 shares during the last quarter. FMR LLC boosted its position in shares of Howmet Aerospace by 21.2% during the third quarter. FMR LLC now owns 15,086,149 shares of the company’s stock worth $697,734,000 after acquiring an additional 2,635,894 shares during the last quarter. Finally, TD Asset Management Inc boosted its position in shares of Howmet Aerospace by 986.0% during the first quarter. TD Asset Management Inc now owns 2,697,449 shares of the company’s stock worth $184,586,000 after acquiring an additional 2,449,057 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Trading Down 4.7 %

NYSE:HWM opened at $78.94 on Monday. Howmet Aerospace has a one year low of $42.94 and a one year high of $85.52. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.97 and a quick ratio of 0.92. The company’s 50-day simple moving average is $76.24 and its 200 day simple moving average is $65.46. The firm has a market capitalization of $32.22 billion, a P/E ratio of 38.14, a PEG ratio of 1.45 and a beta of 1.50.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.52 by $0.05. Howmet Aerospace had a net margin of 12.53% and a return on equity of 21.33%. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Howmet Aerospace’s quarterly revenue was up 13.8% on a year-over-year basis. As a group, analysts forecast that Howmet Aerospace will post 2.39 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Friday, May 10th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.20 dividend on an annualized basis and a yield of 0.25%. Howmet Aerospace’s dividend payout ratio is currently 9.66%.

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.