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

Howmet Aerospace Inc. (NYSE:HWM) has earned an average rating of “Moderate Buy” from the seventeen ratings firms that are covering the firm, MarketBeat.com 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 target price among brokers that have covered the stock in the last year is $115.59.

HWM has been the topic of several recent analyst reports. Bank of America boosted their target price on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Royal Bank of Canada increased their price objective on Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Truist Financial lifted their target price on Howmet Aerospace from $123.00 to $128.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, Robert W. Baird boosted their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th.

Howmet Aerospace Stock Up 1.3 %

Shares of Howmet Aerospace stock opened at $110.79 on Friday. Howmet Aerospace has a 12-month low of $52.56 and a 12-month high of $120.71. The firm has a market capitalization of $45.01 billion, a PE ratio of 42.29, a price-to-earnings-growth ratio of 1.56 and a beta of 1.48. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. The stock’s fifty day moving average is $111.83 and its 200-day moving average is $98.57.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HWM. RiverPark Advisors LLC acquired a new position in Howmet Aerospace during the third quarter valued at approximately $26,000. LGT Financial Advisors LLC raised its holdings in Howmet Aerospace by 278.7% in the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock worth $28,000 after acquiring an additional 262 shares during the period. Hollencrest Capital Management acquired a new position in Howmet Aerospace during the 3rd quarter worth $30,000. Rothschild Investment LLC bought a new stake in Howmet Aerospace during the second quarter valued at about $32,000. Finally, Assetmark Inc. grew its position in shares of Howmet Aerospace by 40.0% in the third quarter. Assetmark Inc. now owns 441 shares of the company’s stock valued at $44,000 after purchasing an additional 126 shares during the last quarter. 90.46% of the stock is 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.