Howmet Aerospace (NYSE:HWM) PT Raised to $77.00 at The Goldman Sachs Group

Howmet Aerospace (NYSE:HWM) had its target price upped by The Goldman Sachs Group from $65.00 to $77.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. upped their price target on Howmet Aerospace from $55.00 to $60.00 and gave the stock an overweight rating in a research note on Wednesday, February 14th. Barclays upped their price target on Howmet Aerospace from $60.00 to $65.00 and gave the stock an overweight rating in a research note on Tuesday, February 20th. UBS Group upped their price target on Howmet Aerospace from $57.00 to $66.00 and gave the stock a neutral rating in a research note on Thursday, February 15th. Robert W. Baird upped their price target on Howmet Aerospace from $65.00 to $74.00 and gave the stock an outperform rating in a research note on Monday, April 8th. Finally, Truist Financial raised Howmet Aerospace from a hold rating to a buy rating and upped their price target for the stock from $47.00 to $74.00 in a research note on Wednesday, January 10th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $66.00.

Howmet Aerospace Price Performance

HWM opened at $64.03 on Tuesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.87 and a current ratio of 1.86. Howmet Aerospace has a 52-week low of $42.17 and a 52-week high of $69.55. The stock has a market capitalization of $26.15 billion, a PE ratio of 34.99, a price-to-earnings-growth ratio of 1.67 and a beta of 1.43. The stock’s 50 day moving average price is $65.44 and its 200-day moving average price is $56.19.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Tuesday, February 13th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.06. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Howmet Aerospace had a return on equity of 20.12% and a net margin of 11.52%. The business’s revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.38 earnings per share. On average, equities research analysts predict that Howmet Aerospace will post 2.18 EPS for the current year.

Howmet Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 26th. Stockholders of record on Friday, February 9th were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.31%. Howmet Aerospace’s dividend payout ratio is currently 10.93%.

Insider Activity

In other news, EVP Neil Edward Marchuk sold 45,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the transaction, the executive vice president now directly owns 229,568 shares of the company’s stock, valued at $15,482,065.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.23% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Valeo Financial Advisors LLC lifted its holdings in Howmet Aerospace by 4.6% in the fourth quarter. Valeo Financial Advisors LLC now owns 4,571 shares of the company’s stock valued at $247,000 after acquiring an additional 200 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Howmet Aerospace by 10.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,259 shares of the company’s stock valued at $122,000 after acquiring an additional 205 shares during the period. Venturi Wealth Management LLC lifted its holdings in Howmet Aerospace by 61.3% in the third quarter. Venturi Wealth Management LLC now owns 558 shares of the company’s stock valued at $26,000 after acquiring an additional 212 shares during the period. Lindbrook Capital LLC lifted its holdings in Howmet Aerospace by 34.4% in the fourth quarter. Lindbrook Capital LLC now owns 894 shares of the company’s stock valued at $48,000 after acquiring an additional 229 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Howmet Aerospace by 2.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,746 shares of the company’s stock valued at $872,000 after acquiring an additional 246 shares during the period. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Company Profile

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.