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

Shares of Howmet Aerospace Inc. (NYSE:HWM) have received a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $172.1333.

Several research firms recently weighed in on HWM. UBS Group lifted their price objective on Howmet Aerospace from $120.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. Bank of America lifted their price objective on Howmet Aerospace from $185.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Wells Fargo & Company boosted their target price on shares of Howmet Aerospace from $118.00 to $145.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. JPMorgan Chase & Co. boosted their target price on shares of Howmet Aerospace from $150.00 to $190.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Finally, Barclays reiterated an “overweight” rating and issued a $190.00 target price (up from $140.00) on shares of Howmet Aerospace in a report on Monday, August 4th.

Howmet Aerospace Stock Performance

HWM stock opened at $170.95 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.31 and a quick ratio of 1.08. The business has a 50-day moving average price of $179.83 and a 200 day moving average price of $152.84. The company has a market capitalization of $68.92 billion, a P/E ratio of 49.99, a PEG ratio of 2.28 and a beta of 1.48. Howmet Aerospace has a 1-year low of $90.71 and a 1-year high of $193.26.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.99 billion. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 earnings per share. As a group, equities research analysts forecast that Howmet Aerospace will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Friday, August 8th will be given a $0.12 dividend. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, August 8th. Howmet Aerospace’s payout ratio is currently 14.04%.

Institutional Investors Weigh In On Howmet Aerospace

A number of large investors have recently bought and sold shares of the company. Traub Capital Management LLC purchased a new stake in Howmet Aerospace in the 2nd quarter worth approximately $25,000. Winnow Wealth LLC acquired a new position in shares of Howmet Aerospace during the 2nd quarter worth approximately $25,000. Kapitalo Investimentos Ltda acquired a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $30,000. Pinpoint Asset Management Ltd raised its stake in shares of Howmet Aerospace by 42.8% during the 1st quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company’s stock worth $31,000 after buying an additional 71 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of Howmet Aerospace during the 2nd quarter worth approximately $32,000. Hedge funds and other institutional investors 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.