Howmet Aerospace (NYSE:HWM) Reaches New 52-Week High at $98.29

Howmet Aerospace Inc. (NYSE:HWM) reached a new 52-week high during trading on Friday . The company traded as high as $98.29 and last traded at $98.06, with a volume of 1038540 shares trading hands. The stock had previously closed at $97.43.

Analyst Ratings Changes

A number of research firms have weighed in on HWM. Barclays increased their target price on shares of Howmet Aerospace from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Truist Financial upped their price target on Howmet Aerospace from $88.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Robert W. Baird raised their price objective on Howmet Aerospace from $84.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. upped their target price on Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, KeyCorp raised their price objective on shares of Howmet Aerospace from $90.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.67.

Howmet Aerospace Trading Up 0.0 %

The company has a quick ratio of 0.74, a current ratio of 1.53 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $39.77 billion, a price-to-earnings ratio of 47.07, a P/E/G ratio of 1.41 and a beta of 1.46. The company’s 50 day simple moving average is $90.95 and its two-hundred day simple moving average is $80.16.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.07. Howmet Aerospace had a net margin of 13.15% and a return on equity of 23.02%. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter last year, the company earned $0.44 EPS. The business’s revenue was up 14.1% on a year-over-year basis. As a group, research analysts anticipate that Howmet Aerospace Inc. will post 2.59 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Friday, August 9th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, August 9th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.05. This represents a $0.32 dividend on an annualized basis and a yield of 0.33%. Howmet Aerospace’s dividend payout ratio is 15.46%.

Insiders Place Their Bets

In related news, CFO Ken Giacobbe sold 154,909 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the completion of the transaction, the chief financial officer now directly owns 155,135 shares of the company’s stock, valued at $14,982,938.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Neil Edward Marchuk sold 70,637 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total value of $6,847,550.78. Following the completion of the sale, the executive vice president now directly owns 92,687 shares in the company, valued at approximately $8,985,077.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total value of $14,961,111.22. Following the sale, the chief financial officer now owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. The disclosure for this sale can be found here. 1.12% of the stock is owned by company insiders.

Institutional Trading of Howmet Aerospace

A number of institutional investors have recently made changes to their positions in HWM. Quadrant Capital Group LLC increased its holdings in Howmet Aerospace by 62.9% in the fourth quarter. Quadrant Capital Group LLC now owns 976 shares of the company’s stock worth $53,000 after buying an additional 377 shares during the last quarter. Brown Advisory Inc. acquired a new stake in Howmet Aerospace during the 4th quarter valued at $204,000. PNC Financial Services Group Inc. grew its holdings in Howmet Aerospace by 2.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 52,108 shares of the company’s stock worth $2,820,000 after acquiring an additional 1,397 shares during the period. UBS Group AG raised its holdings in Howmet Aerospace by 13.4% in the fourth quarter. UBS Group AG now owns 1,099,995 shares of the company’s stock worth $59,532,000 after purchasing an additional 130,045 shares during the period. Finally, Coldstream Capital Management Inc. acquired a new stake in Howmet Aerospace during the 4th quarter worth approximately $316,000. 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.