Howmet Aerospace (NYSE:HWM) Price Target Raised to $155.00 at Morgan Stanley

Howmet Aerospace (NYSE:HWM) had its target price boosted by Morgan Stanley from $125.00 to $155.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

Other research analysts also recently issued reports about the stock. UBS Group increased their target price on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Truist Financial reissued a “buy” rating and set a $140.00 price objective (up from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Robert W. Baird raised their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. The Goldman Sachs Group raised their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $123.28.

Howmet Aerospace Trading Up 2.0 %

NYSE HWM opened at $139.36 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The firm’s fifty day moving average price is $120.37 and its 200 day moving average price is $109.09. The company has a market capitalization of $56.62 billion, a price-to-earnings ratio of 49.42, a price-to-earnings-growth ratio of 1.51 and a beta of 1.50. Howmet Aerospace has a 12 month low of $62.70 and a 12 month high of $140.55.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. On average, sell-side analysts expect that Howmet Aerospace will post 3.17 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently disclosed 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. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, February 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.29%. Howmet Aerospace’s dividend payout ratio (DPR) is 14.18%.

Institutional Trading of Howmet Aerospace

Several hedge funds and other institutional investors have recently made changes to their positions in HWM. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Howmet Aerospace in the fourth quarter valued at about $25,000. Meeder Asset Management Inc. lifted its stake in shares of Howmet Aerospace by 208.1% in the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock valued at $25,000 after purchasing an additional 154 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of Howmet Aerospace in the fourth quarter valued at about $25,000. RiverPark Advisors LLC purchased a new position in Howmet Aerospace during the 3rd quarter valued at about $26,000. Finally, R Squared Ltd purchased a new position in Howmet Aerospace during the 4th quarter valued at about $26,000. Institutional investors and hedge funds 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.