The Goldman Sachs Group Issues Positive Forecast for Howmet Aerospace (NYSE:HWM) Stock Price

Howmet Aerospace (NYSE:HWM) had its price objective lifted by The Goldman Sachs Group from $124.00 to $139.00 in a research report sent to investors on Tuesday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Several other research analysts have also weighed in on HWM. KeyCorp lowered Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Royal Bank of Canada boosted their price target on Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Bank of America lifted their target price on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Susquehanna lifted their target price on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research note on Thursday, November 7th. Finally, Truist Financial reiterated a “buy” rating and set a $140.00 target price (up from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and an average target price of $121.41.

Howmet Aerospace Stock Up 2.4 %

Shares of Howmet Aerospace stock opened at $136.62 on Tuesday. The business’s 50 day simple moving average is $119.90 and its 200 day simple moving average is $108.88. Howmet Aerospace has a 52-week low of $62.70 and a 52-week high of $137.41. The firm has a market cap of $55.50 billion, a PE ratio of 52.14, a P/E/G ratio of 1.45 and a beta of 1.50. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24.

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

Howmet Aerospace Increases Dividend

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

Institutional Trading of Howmet Aerospace

A number of institutional investors have recently modified their holdings of HWM. Murphy & Mullick Capital Management Corp bought a new stake in shares of Howmet Aerospace during the 4th quarter valued at $25,000. Meeder Asset Management Inc. lifted its position in shares of Howmet Aerospace by 208.1% during the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock valued at $25,000 after acquiring an additional 154 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of Howmet Aerospace during the 4th quarter valued at $25,000. RiverPark Advisors LLC bought a new stake in shares of Howmet Aerospace during the 3rd quarter valued at $26,000. Finally, R Squared Ltd bought a new stake in shares of Howmet Aerospace during the 4th quarter valued at $26,000. 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.