Howmet Aerospace (NYSE:HWM) Receives New Coverage from Analysts at Susquehanna

Equities research analysts at Susquehanna began coverage on shares of Howmet Aerospace (NYSE:HWM) in a research note issued to investors on Tuesday, Briefing.com reports. The firm set a “positive” rating and a $120.00 price target on the stock. Susquehanna’s price objective would indicate a potential upside of 16.70% from the company’s current price.

A number of other brokerages have also weighed in on HWM. Barclays increased their target price on Howmet Aerospace from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Northcoast Research reiterated a “sell” rating and set a $70.00 price objective on shares of Howmet Aerospace in a research report on Friday, June 14th. Royal Bank of Canada boosted their target price on shares of Howmet Aerospace from $90.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. raised their price target on shares of Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, Robert W. Baird boosted their price objective on shares of Howmet Aerospace from $84.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $96.63.

Howmet Aerospace Trading Up 0.8 %

Shares of Howmet Aerospace stock opened at $102.83 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.53 and a quick ratio of 0.74. The business has a fifty day simple moving average of $95.29 and a two-hundred day simple moving average of $82.89. Howmet Aerospace has a 1 year low of $42.94 and a 1 year high of $103.38. The company has a market capitalization of $41.97 billion, a price-to-earnings ratio of 49.68, a P/E/G ratio of 1.47 and a beta of 1.46.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Tuesday, July 30th. The company reported $0.67 earnings per share (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 company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter last year, the company posted $0.44 EPS. Howmet Aerospace’s quarterly revenue was up 14.1% compared to the same quarter last year. Research analysts forecast that Howmet Aerospace will post 2.59 EPS for the current year.

Insider Transactions at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 70,637 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $96.94, for a total value of $6,847,550.78. Following the completion of the transaction, the executive vice president now owns 92,687 shares of the company’s stock, valued at approximately $8,985,077.78. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the sale, the chief financial officer now owns 155,135 shares of the company’s stock, valued at $14,982,938.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Neil Edward Marchuk sold 70,637 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 92,687 shares of the company’s stock, valued at approximately $8,985,077.78. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.12% of the stock is owned by insiders.

Institutional Trading of Howmet Aerospace

A number of hedge funds have recently made changes to their positions in the company. Senator Investment Group LP raised its holdings in Howmet Aerospace by 24.8% in the 2nd quarter. Senator Investment Group LP now owns 156,000 shares of the company’s stock valued at $12,110,000 after buying an additional 31,000 shares during the last quarter. Wealthspire Advisors LLC bought a new position in shares of Howmet Aerospace during the second quarter valued at $209,000. Blair William & Co. IL lifted its holdings in shares of Howmet Aerospace by 51.6% during the first quarter. Blair William & Co. IL now owns 25,488 shares of the company’s stock worth $1,744,000 after purchasing an additional 8,676 shares during the period. Los Angeles Capital Management LLC grew its stake in shares of Howmet Aerospace by 70.1% in the first quarter. Los Angeles Capital Management LLC now owns 1,273,290 shares of the company’s stock worth $87,131,000 after purchasing an additional 524,805 shares during the last quarter. Finally, Quadrature Capital Ltd increased its holdings in Howmet Aerospace by 303.8% in the fourth quarter. Quadrature Capital Ltd now owns 23,629 shares of the company’s stock valued at $1,279,000 after purchasing an additional 17,777 shares during the period. 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.