Benchmark Issues Positive Forecast for Howmet Aerospace (NYSE:HWM) Stock Price

Howmet Aerospace (NYSE:HWM) had its price objective hoisted by Benchmark from $85.00 to $135.00 in a report published on Monday,Benzinga reports. They currently have a buy rating on the stock.

HWM has been the topic of a number of other reports. Wells Fargo & Company reissued an “equal weight” rating and issued a $118.00 price target (down from $132.00) on shares of Howmet Aerospace in a report on Tuesday, April 15th. The Goldman Sachs Group raised their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. lifted their price target on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Barclays raised their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Finally, Morgan Stanley increased their price target on Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.06.

Howmet Aerospace Stock Down 3.0 %

NYSE HWM opened at $119.52 on Monday. Howmet Aerospace has a 52 week low of $62.80 and a 52 week high of $140.55. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $48.41 billion, a P/E ratio of 42.38, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The stock’s 50-day moving average price is $128.23 and its 200-day moving average price is $119.11.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. The company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. On average, equities research analysts predict that Howmet Aerospace will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.33%. Howmet Aerospace’s dividend payout ratio is presently 14.18%.

Hedge Funds Weigh In On Howmet Aerospace

A number of large investors have recently bought and sold shares of the business. Murphy & Mullick Capital Management Corp purchased a new position in shares of Howmet Aerospace in the 4th quarter valued at $25,000. Meeder Asset Management Inc. grew its stake in Howmet Aerospace by 208.1% in the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock valued at $25,000 after purchasing an additional 154 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in Howmet Aerospace in the fourth quarter worth about $25,000. R Squared Ltd bought a new position in Howmet Aerospace in the fourth quarter worth about $26,000. Finally, Washington Trust Advisors Inc. purchased a new stake in shares of Howmet Aerospace during the fourth quarter valued at about $29,000. Institutional investors 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.