Howmet Aerospace Inc. (NYSE:HWM) Given Consensus Rating of “Buy” by Brokerages

Howmet Aerospace Inc. (NYSE:HWMGet Rating) has received a consensus rating of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $39.20.

HWM has been the subject of a number of recent research reports. Morgan Stanley increased their price objective on shares of Howmet Aerospace from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, February 3rd. TheStreet upgraded shares of Howmet Aerospace from a “c+” rating to a “b” rating in a report on Wednesday, February 2nd. KeyCorp raised their price target on shares of Howmet Aerospace from $36.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, April 4th. Finally, Zacks Investment Research upgraded shares of Howmet Aerospace from a “sell” rating to a “hold” rating and set a $34.00 price target for the company in a report on Monday, February 7th.

HWM opened at $36.03 on Friday. Howmet Aerospace has a twelve month low of $27.41 and a twelve month high of $37.66. The company has a quick ratio of 1.04, a current ratio of 2.22 and a debt-to-equity ratio of 1.24. The company has a 50-day moving average price of $35.04 and a 200 day moving average price of $33.37. The company has a market cap of $15.06 billion, a PE ratio of 50.04 and a beta of 1.59.

Howmet Aerospace (NYSE:HWMGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.31 billion. Howmet Aerospace had a net margin of 6.07% and a return on equity of 13.73%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.22 EPS. As a group, sell-side analysts expect that Howmet Aerospace will post 1.41 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 25th. Shareholders of record on Friday, May 6th were given a $0.02 dividend. The ex-dividend date of this dividend was Thursday, May 5th. This represents a $0.08 annualized dividend and a yield of 0.22%. Howmet Aerospace’s dividend payout ratio is presently 11.11%.

Hedge funds have recently modified their holdings of the business. Shell Asset Management Co. lifted its position in shares of Howmet Aerospace by 30.8% during the 1st quarter. Shell Asset Management Co. now owns 1,341 shares of the company’s stock worth $48,000 after purchasing an additional 316 shares during the last quarter. Optimal Asset Management Inc. lifted its position in shares of Howmet Aerospace by 0.4% during the 3rd quarter. Optimal Asset Management Inc. now owns 94,049 shares of the company’s stock worth $2,934,000 after purchasing an additional 354 shares during the last quarter. Brinker Capital Investments LLC lifted its position in shares of Howmet Aerospace by 4.7% during the 1st quarter. Brinker Capital Investments LLC now owns 8,942 shares of the company’s stock worth $321,000 after purchasing an additional 398 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its position in shares of Howmet Aerospace by 4.1% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 10,411 shares of the company’s stock worth $331,000 after purchasing an additional 413 shares during the last quarter. Finally, Kentucky Retirement Systems lifted its position in shares of Howmet Aerospace by 1.8% during the 1st quarter. Kentucky Retirement Systems now owns 24,191 shares of the company’s stock worth $869,000 after purchasing an additional 417 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Howmet Aerospace Company Profile (Get Rating)

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.

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