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

Howmet Aerospace Inc. (NYSE:HWM) has been assigned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $52.08.

Several brokerages have recently issued reports on HWM. Benchmark reaffirmed a “buy” rating and issued a $53.00 target price on shares of Howmet Aerospace in a research note on Wednesday, August 2nd. Robert W. Baird started coverage on shares of Howmet Aerospace in a research note on Monday, July 24th. They set an “outperform” rating and a $61.00 price objective on the stock. Truist Financial lifted their price objective on shares of Howmet Aerospace from $42.00 to $47.00 and gave the stock a “hold” rating in a research note on Friday, July 21st. JPMorgan Chase & Co. lifted their price objective on shares of Howmet Aerospace from $48.00 to $53.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 2nd. Finally, Morgan Stanley lifted their price objective on shares of Howmet Aerospace from $50.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 2nd.

Howmet Aerospace Trading Down 0.9 %

Shares of HWM stock opened at $46.68 on Friday. Howmet Aerospace has a 52-week low of $30.59 and a 52-week high of $51.34. The stock has a market cap of $19.24 billion, a price-to-earnings ratio of 37.05, a P/E/G ratio of 1.47 and a beta of 1.43. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.00 and a current ratio of 2.22. The firm has a fifty day moving average of $49.19 and a 200-day moving average of $45.78.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Tuesday, August 1st. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Howmet Aerospace had a net margin of 8.58% and a return on equity of 18.83%. On average, equities research analysts forecast that Howmet Aerospace will post 1.73 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Friday, August 4th were paid a $0.04 dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $0.16 annualized dividend and a dividend yield of 0.34%. Howmet Aerospace’s dividend payout ratio is presently 12.70%.

Insiders Place Their Bets

In other news, EVP Neil Edward Marchuk sold 80,000 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $50.06, for a total value of $4,004,800.00. Following the completion of the sale, the executive vice president now owns 261,291 shares of the company’s stock, valued at $13,080,227.46. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.23% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake in Howmet Aerospace by 2.3% in the first quarter. Geode Capital Management LLC now owns 7,816,660 shares of the company’s stock valued at $330,459,000 after purchasing an additional 178,280 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Howmet Aerospace by 36.2% during the second quarter. JPMorgan Chase & Co. now owns 6,054,451 shares of the company’s stock worth $300,059,000 after acquiring an additional 1,610,101 shares in the last quarter. Bessemer Group Inc. raised its stake in Howmet Aerospace by 16.0% during the fourth quarter. Bessemer Group Inc. now owns 6,022,670 shares of the company’s stock worth $237,353,000 after acquiring an additional 830,354 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Howmet Aerospace by 25.0% during the second quarter. Bank of New York Mellon Corp now owns 5,867,049 shares of the company’s stock worth $290,771,000 after acquiring an additional 1,175,026 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Howmet Aerospace by 6.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,079,231 shares of the company’s stock worth $172,838,000 after acquiring an additional 244,271 shares in the last quarter. Institutional investors and hedge funds own 88.67% 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.