Howmet Aerospace Inc. (NYSE:HWM) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Howmet Aerospace Inc. (NYSE:HWM) have earned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $97.75.

Several research analysts have issued reports on the company. Susquehanna started coverage on Howmet Aerospace in a research report on Tuesday, October 8th. They set a “positive” rating and a $120.00 target price for the company. KeyCorp upped their price objective on Howmet Aerospace from $90.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Robert W. Baird lifted their target price on Howmet Aerospace from $84.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Royal Bank of Canada upped their price target on shares of Howmet Aerospace from $90.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Benchmark lifted their price objective on shares of Howmet Aerospace from $53.00 to $85.00 and gave the company a “buy” rating in a report on Friday, July 12th.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock opened at $105.54 on Friday. The stock has a market cap of $43.08 billion, a price-to-earnings ratio of 50.99, a price-to-earnings-growth ratio of 1.51 and a beta of 1.46. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.74 and a current ratio of 1.53. The stock has a 50 day moving average price of $97.95 and a 200-day moving average price of $85.33. Howmet Aerospace has a one year low of $42.94 and a one year high of $106.76.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.60 by $0.07. The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.83 billion. Howmet Aerospace had a net margin of 13.15% and a return on equity of 23.02%. Howmet Aerospace’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 earnings per share. Equities analysts expect that Howmet Aerospace will post 2.59 EPS for the current year.

Howmet Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a yield of 0.30%. Howmet Aerospace’s dividend payout ratio is presently 15.46%.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $96.94, for a total value of $6,847,550.78. Following the completion of the sale, the executive vice president now directly owns 92,687 shares in the company, valued at $8,985,077.78. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $96.94, for a total value of $6,847,550.78. Following the completion of the sale, the executive vice president now directly owns 92,687 shares in the company, valued at approximately $8,985,077.78. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Ken Giacobbe sold 154,909 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total value of $14,961,111.22. Following the sale, the chief financial officer now owns 155,135 shares in the company, valued at $14,982,938.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.12% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HWM. Massmutual Trust Co. FSB ADV raised its stake in shares of Howmet Aerospace by 6.8% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company’s stock worth $195,000 after purchasing an additional 124 shares during the last quarter. Cigna Investments Inc. New raised its position in Howmet Aerospace by 3.8% during the 2nd quarter. Cigna Investments Inc. New now owns 4,178 shares of the company’s stock worth $324,000 after buying an additional 153 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in Howmet Aerospace by 3.2% during the 1st quarter. Bleakley Financial Group LLC now owns 5,080 shares of the company’s stock valued at $348,000 after acquiring an additional 158 shares during the period. HB Wealth Management LLC boosted its holdings in shares of Howmet Aerospace by 4.9% in the 2nd quarter. HB Wealth Management LLC now owns 3,664 shares of the company’s stock valued at $284,000 after acquiring an additional 171 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Howmet Aerospace by 7.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,609 shares of the company’s stock valued at $203,000 after acquiring an additional 178 shares during 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.