Howmet Aerospace (NYSE:HWM) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Howmet Aerospace (NYSE:HWM) had its target price lifted by research analysts at Wells Fargo & Company from $118.00 to $145.00 in a report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target points to a potential downside of 5.94% from the stock’s current price.

Several other equities research analysts also recently issued reports on HWM. Northcoast Research upgraded shares of Howmet Aerospace from a “sell” rating to a “neutral” rating in a research note on Wednesday, April 9th. Benchmark boosted their price objective on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, April 21st. The Goldman Sachs Group increased 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. Truist Financial lowered their price target on Howmet Aerospace from $140.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Finally, JPMorgan Chase & Co. raised their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.17.

Howmet Aerospace Trading Up 4.1 %

Shares of HWM stock opened at $154.16 on Friday. Howmet Aerospace has a 12 month low of $76.83 and a 12 month high of $154.73. The company has a market cap of $62.35 billion, a PE ratio of 54.67, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. 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 business’s 50 day moving average is $129.01 and its two-hundred day moving average is $121.14.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. Howmet Aerospace’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $0.53 EPS. Equities analysts predict that Howmet Aerospace will post 3.27 EPS for the current year.

Hedge Funds Weigh In On Howmet Aerospace

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new stake in Howmet Aerospace in the 4th quarter valued at about $1,001,558,000. JPMorgan Chase & Co. boosted its holdings in Howmet Aerospace by 14.0% in the fourth quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company’s stock valued at $2,209,071,000 after acquiring an additional 2,486,649 shares during the last quarter. Winslow Capital Management LLC bought a new stake in Howmet Aerospace during the 4th quarter worth about $265,844,000. GAMMA Investing LLC lifted its position in Howmet Aerospace by 15,741.8% during the 1st quarter. GAMMA Investing LLC now owns 1,328,176 shares of the company’s stock valued at $1,723,040,000 after purchasing an additional 1,319,792 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in shares of Howmet Aerospace by 10.3% in the 4th quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company’s stock valued at $1,197,315,000 after purchasing an additional 1,026,130 shares during 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.