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

Shares of Howmet Aerospace Inc. (NYSE:HWM – Get Rating) have earned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $45.38.

A number of research firms recently weighed in on HWM. Vertical Research decreased their price objective on Howmet Aerospace to $45.00 in a report on Friday, November 4th. Benchmark cut Howmet Aerospace from a “buy” rating to a “hold” rating in a research note on Wednesday, February 15th. KeyCorp lifted their price objective on Howmet Aerospace from $41.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, February 16th. Argus increased their target price on shares of Howmet Aerospace from $43.00 to $49.00 and gave the company a “buy” rating in a research report on Tuesday, February 21st. Finally, Morgan Stanley boosted their price target on shares of Howmet Aerospace from $47.00 to $49.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 15th.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $42.32 on Tuesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.12 and a quick ratio of 1.04. Howmet Aerospace has a fifty-two week low of $29.84 and a fifty-two week high of $43.83. The stock has a market capitalization of $17.45 billion, a PE ratio of 38.13, a P/E/G ratio of 1.08 and a beta of 1.51. The business has a fifty day moving average price of $40.40 and a two-hundred day moving average price of $37.40.

Howmet Aerospace (NYSE:HWM – Get Rating) last posted its earnings results on Tuesday, February 14th. The company reported $0.38 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.38. Howmet Aerospace had a net margin of 8.28% and a return on equity of 17.53%. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the firm posted $0.30 earnings per share. The company’s revenue was up 17.7% on a year-over-year basis. As a group, equities analysts predict that Howmet Aerospace will post 1.63 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 27th. Shareholders of record on Friday, February 10th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend was Thursday, February 9th. Howmet Aerospace’s dividend payout ratio (DPR) is 14.41%.

Insider Buying and Selling at Howmet Aerospace

In other news, VP Barbara Lou Shultz sold 4,627 shares of the firm’s stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $42.16, for a total value of $195,074.32. Following the completion of the transaction, the vice president now directly owns 20,542 shares of the company’s stock, valued at $866,050.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.64% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of HWM. Vanguard Group Inc. grew its stake in shares of Howmet Aerospace by 1.1% in the third quarter. Vanguard Group Inc. now owns 41,896,484 shares of the company’s stock worth $1,295,859,000 after purchasing an additional 449,248 shares during the last quarter. Boston Partners grew its stake in shares of Howmet Aerospace by 2.7% in the third quarter. Boston Partners now owns 21,112,872 shares of the company’s stock worth $655,335,000 after purchasing an additional 563,403 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Howmet Aerospace by 4.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 18,888,288 shares of the company’s stock worth $594,036,000 after purchasing an additional 881,560 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Howmet Aerospace by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 7,638,380 shares of the company’s stock worth $300,494,000 after purchasing an additional 221,524 shares during the last quarter. Finally, Bessemer Group Inc. boosted its position in Howmet Aerospace by 16.0% during the 4th quarter. Bessemer Group Inc. now owns 6,022,670 shares of the company’s stock valued at $237,353,000 after acquiring an additional 830,354 shares in the last quarter. Hedge funds and other institutional investors own 91.49% of the company’s stock.

About Howmet Aerospace

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Howmet Aerospace, Inc engages in provision of engineered solutions for the aerospace and transportation industries. It operates through the following segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels. The Engine Products segment produces investment castings, including airfoils, and seamless rolled rings primarily for aircraft engines (aerospace commercial and defense) and industrial gas turbines.