Howmet Aerospace (NYSE:HWM) Given New $140.00 Price Target at Barclays

Howmet Aerospace (NYSE:HWM) had its price target upped by Barclays from $130.00 to $140.00 in a research note published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other equities research analysts have also recently issued reports about the company. Susquehanna lifted their target price on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th. Wells Fargo & Company boosted their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Royal Bank of Canada upped their target price on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Truist Financial reiterated a “buy” rating and set a $140.00 price target (up previously from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Finally, KeyCorp lowered shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.41.

Howmet Aerospace Stock Performance

Howmet Aerospace stock opened at $136.62 on Tuesday. The stock has a 50-day simple moving average of $119.90 and a 200 day simple moving average of $108.88. The stock has a market capitalization of $55.50 billion, a price-to-earnings ratio of 52.14, a P/E/G ratio of 1.45 and a beta of 1.50. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. Howmet Aerospace has a 12-month low of $62.70 and a 12-month high of $137.41.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. Howmet Aerospace had a net margin of 14.81% and a return on equity of 24.50%. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. On average, research analysts anticipate that Howmet Aerospace will post 2.66 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be issued a $0.10 dividend. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend is Friday, February 7th. Howmet Aerospace’s dividend payout ratio is 12.21%.

Hedge Funds Weigh In On Howmet Aerospace

Several institutional investors have recently modified their holdings of the business. Vise Technologies Inc. raised its holdings in Howmet Aerospace by 89.5% during the 4th quarter. Vise Technologies Inc. now owns 10,132 shares of the company’s stock worth $1,108,000 after buying an additional 4,784 shares during the period. Pinkerton Retirement Specialists LLC increased its position in shares of Howmet Aerospace by 217.9% during the fourth quarter. Pinkerton Retirement Specialists LLC now owns 8,238 shares of the company’s stock worth $901,000 after acquiring an additional 5,647 shares in the last quarter. Focus Partners Advisor Solutions LLC raised its holdings in shares of Howmet Aerospace by 11.6% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 3,058 shares of the company’s stock worth $334,000 after acquiring an additional 319 shares during the period. Kolinsky Wealth Management LLC bought a new stake in Howmet Aerospace in the 4th quarter valued at $222,000. Finally, Delta Investment Management LLC boosted its stake in Howmet Aerospace by 60.4% in the 4th quarter. Delta Investment Management LLC now owns 4,626 shares of the company’s stock worth $506,000 after purchasing an additional 1,742 shares during the period. Institutional investors 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.