Howmet Aerospace (NYSE:HWM) Price Target Raised to $130.00

Howmet Aerospace (NYSE:HWM) had its target price hoisted by JPMorgan Chase & Co. from $125.00 to $130.00 in a report published on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other analysts also recently weighed in on the stock. UBS Group lifted their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Bank of America lifted their price objective on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Sanford C. Bernstein lifted their price objective on shares of Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Royal Bank of Canada lifted their price objective on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Barclays lifted their price objective on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Howmet Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $117.76.

Howmet Aerospace Trading Up 4.4 %

NYSE:HWM opened at $133.66 on Friday. Howmet Aerospace has a one year low of $62.70 and a one year high of $133.92. 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 $54.30 billion, a price-to-earnings ratio of 51.02, a price-to-earnings-growth ratio of 1.45 and a beta of 1.50. The business has a fifty day moving average price of $119.05 and a 200-day moving average price of $108.28.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. Howmet Aerospace had a return on equity of 24.50% and a net margin of 14.81%. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Sell-side analysts forecast that Howmet Aerospace will post 2.66 EPS for the current year.

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Friday, February 7th. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio is 12.21%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HWM. Murphy & Mullick Capital Management Corp purchased a new position in shares of Howmet Aerospace during the 4th quarter worth $25,000. Meeder Asset Management Inc. raised its position in shares of Howmet Aerospace by 208.1% in the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock worth $25,000 after buying an additional 154 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in shares of Howmet Aerospace in the 4th quarter worth $25,000. RiverPark Advisors LLC purchased a new position in shares of Howmet Aerospace in the 3rd quarter worth $26,000. Finally, R Squared Ltd purchased a new position in shares of Howmet Aerospace in the 4th quarter worth $26,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

About Howmet Aerospace

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.