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

Howmet Aerospace Inc. (NYSE:HWM) has earned an average recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $66.00.

Several equities research analysts have recently commented on HWM shares. UBS Group boosted 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. Barclays boosted 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. Sanford C. Bernstein started coverage on Howmet Aerospace in a research note on Friday, January 5th. They set an “outperform” rating and a $67.00 price target on the stock. Royal Bank of Canada started coverage on Howmet Aerospace in a research note on Monday, March 18th. They set an “outperform” rating and a $75.00 price target on the stock. Finally, The Goldman Sachs Group boosted their price target on Howmet Aerospace from $65.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th.

Howmet Aerospace Price Performance

Shares of HWM opened at $66.40 on Friday. Howmet Aerospace has a twelve month low of $42.17 and a twelve month high of $69.55. The stock’s 50 day moving average is $65.97 and its two-hundred day moving average is $57.15. The firm has a market capitalization of $27.12 billion, a PE ratio of 36.28, a P/E/G ratio of 1.69 and a beta of 1.43. The company has a current ratio of 1.86, a quick ratio of 0.87 and a debt-to-equity ratio of 0.88.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.65 billion. Howmet Aerospace had a return on equity of 20.12% and a net margin of 11.52%. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.38 EPS. Research analysts anticipate that Howmet Aerospace will post 2.18 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Friday, May 10th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.20 annualized dividend and a yield of 0.30%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 10.93%.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 45,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $67.44, for a total value of $3,034,800.00. Following the completion of the transaction, the executive vice president now directly owns 229,568 shares in the company, valued at approximately $15,482,065.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.12% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Venturi Wealth Management LLC increased its holdings in shares of Howmet Aerospace by 61.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 558 shares of the company’s stock worth $26,000 after buying an additional 212 shares during the last quarter. Headinvest LLC acquired a new stake in shares of Howmet Aerospace during the 3rd quarter worth $30,000. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Howmet Aerospace during the 3rd quarter worth $31,000. Lindbrook Capital LLC increased its holdings in shares of Howmet Aerospace by 34.4% during the 4th quarter. Lindbrook Capital LLC now owns 894 shares of the company’s stock worth $48,000 after buying an additional 229 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in shares of Howmet Aerospace by 62.9% during the 4th quarter. Quadrant Capital Group LLC now owns 976 shares of the company’s stock worth $53,000 after buying an additional 377 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

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.