Howmet Aerospace (NYSE:HWM) PT Raised to $88.00 at Wells Fargo & Company

Howmet Aerospace (NYSE:HWM) had its price objective upped by stock analysts at Wells Fargo & Company from $72.00 to $88.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 10.23% from the company’s previous close.

A number of other research firms have also issued reports on HWM. Benchmark restated a “buy” rating and issued a $53.00 price target on shares of Howmet Aerospace in a research report on Friday, April 19th. Robert W. Baird upped their price objective on Howmet Aerospace from $74.00 to $84.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. UBS Group increased their price target on Howmet Aerospace from $57.00 to $66.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Truist Financial lifted their price objective on shares of Howmet Aerospace from $74.00 to $88.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, Barclays increased their target price on shares of Howmet Aerospace from $60.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, February 20th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.67.

Howmet Aerospace Stock Down 0.4 %

NYSE:HWM opened at $79.83 on Monday. The firm has a market capitalization of $32.59 billion, a P/E ratio of 38.57, a PEG ratio of 1.89 and a beta of 1.41. The company’s fifty day moving average price is $66.98 and its 200-day moving average price is $58.41. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.97 and a quick ratio of 0.92. Howmet Aerospace has a 1-year low of $42.17 and a 1-year high of $80.35.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.57 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 for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the business earned $0.42 earnings per share. The firm’s revenue was up 13.8% on a year-over-year basis. As a group, equities research analysts anticipate that Howmet Aerospace will post 2.37 EPS for the current year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Whittier Trust Co. boosted its position in Howmet Aerospace by 81.4% during the 1st quarter. Whittier Trust Co. now owns 508 shares of the company’s stock valued at $35,000 after purchasing an additional 228 shares during the period. Venturi Wealth Management LLC raised its stake in Howmet Aerospace by 61.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 558 shares of the company’s stock valued at $26,000 after acquiring an additional 212 shares in the last quarter. Headinvest LLC acquired a new position in Howmet Aerospace during the 3rd quarter worth $30,000. Lindbrook Capital LLC raised its stake in shares of Howmet Aerospace by 34.4% during the fourth quarter. Lindbrook Capital LLC now owns 894 shares of the company’s stock valued at $48,000 after purchasing an additional 229 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in Howmet Aerospace by 62.9% in the fourth quarter. Quadrant Capital Group LLC now owns 976 shares of the company’s stock worth $53,000 after purchasing an additional 377 shares during the period. Institutional investors and hedge funds 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.