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

Howmet Aerospace Inc. (NYSE:HWM) has earned an average recommendation of “Moderate Buy” from the seventeen research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and fourteen have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $115.71.

HWM has been the subject of several research reports. Deutsche Bank Aktiengesellschaft raised their price objective 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. Sanford C. Bernstein lifted their price target on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. UBS Group upped their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Robert W. Baird increased their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Truist Financial boosted their target price on shares of Howmet Aerospace from $128.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th.

Hedge Funds Weigh In On Howmet Aerospace

A number of institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its holdings in Howmet Aerospace by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock worth $1,775,578,000 after purchasing an additional 1,336,592 shares during the period. State Street Corp grew its stake in shares of Howmet Aerospace by 2.3% in the 3rd quarter. State Street Corp now owns 17,440,176 shares of the company’s stock worth $1,748,378,000 after buying an additional 384,171 shares during the last quarter. Geode Capital Management LLC increased its position in Howmet Aerospace by 5.0% during the 3rd quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock valued at $949,382,000 after buying an additional 453,275 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Howmet Aerospace by 5.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company’s stock valued at $231,101,000 after buying an additional 114,457 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in Howmet Aerospace by 12.2% in the third quarter. Los Angeles Capital Management LLC now owns 1,378,141 shares of the company’s stock worth $138,159,000 after acquiring an additional 150,387 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Stock Performance

NYSE HWM opened at $122.01 on Tuesday. The stock has a market cap of $49.57 billion, a PE ratio of 46.57, a P/E/G ratio of 1.43 and a beta of 1.49. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The firm has a 50-day moving average of $116.07 and a 200-day moving average of $103.50. Howmet Aerospace has a 52-week low of $55.33 and a 52-week high of $129.10.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be given a $0.10 dividend. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.33%. Howmet Aerospace’s dividend payout ratio (DPR) is currently 12.21%.

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.