Howmet Aerospace Inc. (NYSE:HWM) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Howmet Aerospace Inc. (NYSE:HWM) have been assigned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $115.41.

Several analysts have issued reports on HWM shares. Sanford C. Bernstein upped their target price on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Wells Fargo & Company boosted their target price on shares of Howmet Aerospace from $113.00 to $129.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Robert W. Baird raised their price target on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Barclays upped their price objective on Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, November 11th.

Howmet Aerospace Price Performance

HWM stock opened at $118.31 on Monday. Howmet Aerospace has a 1 year low of $52.26 and a 1 year high of $120.71. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. The firm has a market capitalization of $48.06 billion, a PE ratio of 45.16, a price-to-earnings-growth ratio of 1.61 and a beta of 1.48. The business has a 50 day simple moving average of $108.71 and a 200-day simple moving average of $95.10.

Howmet Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend was Friday, November 8th. Howmet Aerospace’s dividend payout ratio is currently 12.21%.

Institutional Investors Weigh In On Howmet Aerospace

A number of hedge funds have recently bought and sold shares of the stock. State Street Corp grew its stake in shares of Howmet Aerospace by 2.3% during the third quarter. State Street Corp now owns 17,440,176 shares of the company’s stock worth $1,748,378,000 after purchasing an additional 384,171 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Howmet Aerospace by 5.0% during the 3rd quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock worth $949,382,000 after acquiring an additional 453,275 shares in the last quarter. Lone Pine Capital LLC acquired a new position in shares of Howmet Aerospace during the 2nd quarter worth about $284,539,000. TD Asset Management Inc increased its holdings in shares of Howmet Aerospace by 16.9% in the 2nd quarter. TD Asset Management Inc now owns 3,152,629 shares of the company’s stock valued at $244,739,000 after acquiring an additional 455,180 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Howmet Aerospace by 5.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company’s stock worth $231,101,000 after acquiring an additional 114,457 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

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.