Howmet Aerospace (NYSE:HWM) PT Raised to $127.00

Howmet Aerospace (NYSE:HWM) had its price target upped by investment analysts at Sanford C. Bernstein from $113.00 to $127.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Sanford C. Bernstein’s price target indicates a potential upside of 23.72% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Susquehanna assumed coverage on shares of Howmet Aerospace in a research report on Tuesday, October 8th. They issued a “positive” rating and a $120.00 price objective on the stock. Royal Bank of Canada lifted their price objective on Howmet Aerospace from $90.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. KeyCorp raised their target price on Howmet Aerospace from $90.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Benchmark upped their target price on Howmet Aerospace from $53.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $101.50.

Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock opened at $102.65 on Monday. Howmet Aerospace has a 1-year low of $42.94 and a 1-year high of $106.93. The company has a current ratio of 1.53, a quick ratio of 0.74 and a debt-to-equity ratio of 0.68. The company has a market cap of $41.90 billion, a P/E ratio of 49.59, a PEG ratio of 1.51 and a beta of 1.46. The business has a 50-day moving average price of $98.40 and a two-hundred day moving average price of $86.01.

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

Insider Activity at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace 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 owns 92,687 shares of the company’s stock, valued at approximately $8,985,077.78. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction on 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 sale, the chief financial officer now directly owns 155,135 shares in the company, valued at $14,982,938.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the sale, the executive vice president now owns 92,687 shares in the company, 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 currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HWM. Cultivar Capital Inc. purchased a new stake in shares of Howmet Aerospace in the second quarter worth approximately $26,000. LGT Financial Advisors LLC lifted its position in Howmet Aerospace by 278.7% during the second quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock valued at $28,000 after purchasing an additional 262 shares during the period. Rothschild Investment LLC purchased a new position in shares of Howmet Aerospace during the 2nd quarter valued at approximately $32,000. Versant Capital Management Inc grew its position in shares of Howmet Aerospace by 1,209.1% during the 2nd quarter. Versant Capital Management Inc now owns 432 shares of the company’s stock valued at $34,000 after acquiring an additional 399 shares during the period. Finally, AlphaCentric Advisors LLC purchased a new position in Howmet Aerospace during the second quarter valued at $36,000. 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.