Howmet Aerospace (NYSE:HWM) PT Raised to $84.00

Howmet Aerospace (NYSE:HWM) had its target price upped by Robert W. Baird from $74.00 to $84.00 in a research report report published on Friday, Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also recently weighed in on HWM. The Goldman Sachs Group boosted their price objective on Howmet Aerospace from $65.00 to $77.00 and gave the company a buy rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. raised their price objective on shares of Howmet Aerospace from $55.00 to $60.00 and gave the stock an overweight rating in a research report on Wednesday, February 14th. KeyCorp lifted their price objective on shares of Howmet Aerospace from $60.00 to $70.00 and gave the company an overweight rating in a research note on Wednesday, February 21st. Royal Bank of Canada assumed coverage on shares of Howmet Aerospace in a research note on Monday, March 18th. They set an outperform rating and a $75.00 target price for the company. Finally, Barclays boosted their price target on Howmet Aerospace from $60.00 to $65.00 and gave the company an overweight rating in a research report on Tuesday, February 20th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Howmet Aerospace presently has a consensus rating of Moderate Buy and a consensus price target of $73.67.

Howmet Aerospace Stock Up 1.6 %

HWM stock opened at $80.18 on Friday. The company’s 50 day moving average is $66.98 and its two-hundred day moving average is $58.41. Howmet Aerospace has a twelve month low of $42.17 and a twelve month high of $80.20. The company has a current ratio of 1.97, a quick ratio of 0.92 and a debt-to-equity ratio of 0.86. The stock has a market cap of $32.73 billion, a P/E ratio of 38.73, a PEG ratio of 1.89 and a beta of 1.41.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.05. Howmet Aerospace had a net margin of 12.53% and a return on equity of 21.33%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the prior year, the firm posted $0.42 earnings per share. Howmet Aerospace’s revenue for the quarter was up 13.8% on a year-over-year basis. Research analysts expect that Howmet Aerospace will post 2.37 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, May 10th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.25%. Howmet Aerospace’s payout ratio is 9.66%.

Insider Buying and Selling

In related news, EVP Neil Edward Marchuk sold 45,000 shares of Howmet Aerospace 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 completion of 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 legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.12% of the company’s stock.

Hedge Funds Weigh In On Howmet Aerospace

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HWM. Valeo Financial Advisors LLC lifted its stake in Howmet Aerospace by 4.6% in the 4th quarter. Valeo Financial Advisors LLC now owns 4,571 shares of the company’s stock valued at $247,000 after buying an additional 200 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of 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 in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Howmet Aerospace by 61.3% during 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 last quarter. Whittier Trust Co. boosted its stake in shares of Howmet Aerospace by 81.4% during the first quarter. Whittier Trust Co. now owns 508 shares of the company’s stock valued at $35,000 after acquiring an additional 228 shares during the last quarter. Finally, Lindbrook Capital LLC increased its position in 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 purchasing an additional 229 shares in the last quarter. Institutional investors and hedge funds own 90.46% 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.