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

Shares of Howmet Aerospace Inc. (NYSE:HWMGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the fifteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $57.29.

Several analysts have recently weighed in on the company. Truist Financial raised Howmet Aerospace from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $47.00 to $74.00 in a report on Wednesday, January 10th. Sanford C. Bernstein initiated coverage on Howmet Aerospace in a report on Friday, January 5th. They set an “outperform” rating and a $67.00 price objective on the stock. JPMorgan Chase & Co. boosted their price target on Howmet Aerospace from $54.00 to $55.00 and gave the company an “overweight” rating in a research note on Wednesday, December 20th. Finally, KeyCorp boosted their price target on Howmet Aerospace from $52.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, January 23rd.

Get Our Latest Stock Analysis on Howmet Aerospace

Institutional Trading of Howmet Aerospace

Hedge funds have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its stake in shares of Howmet Aerospace by 61.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 558 shares of the company’s stock valued at $26,000 after purchasing an additional 212 shares during the last quarter. Kathleen S. Wright Associates Inc. bought a new stake in shares of Howmet Aerospace in the 3rd quarter valued at about $31,000. Headinvest LLC bought a new stake in shares of Howmet Aerospace in the 3rd quarter valued at about $30,000. Clear Street Markets LLC grew its position in shares of Howmet Aerospace by 93.8% in the 1st quarter. Clear Street Markets LLC now owns 721 shares of the company’s stock valued at $31,000 after buying an additional 349 shares during the last quarter. Finally, Financial Freedom LLC bought a new stake in shares of Howmet Aerospace in the 4th quarter valued at about $29,000. 88.67% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Stock Up 0.4 %

Shares of HWM stock opened at $58.83 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.94 and a current ratio of 2.14. The stock’s 50 day simple moving average is $54.88 and its 200 day simple moving average is $50.46. The company has a market capitalization of $24.22 billion, a price-to-earnings ratio of 38.70, a PEG ratio of 1.26 and a beta of 1.40. Howmet Aerospace has a twelve month low of $38.17 and a twelve month high of $59.42.

Howmet Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 26th. Stockholders of record on Friday, February 9th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.34%. Howmet Aerospace’s payout ratio is 13.16%.

Howmet Aerospace Company Profile

(Get Free Report

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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Analyst Recommendations for Howmet Aerospace (NYSE:HWM)

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