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

Howmet Aerospace Inc. (NYSE:HWM) has earned an average recommendation of “Moderate Buy” from the seventeen analysts that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $181.9231.

Several research analysts have recently issued reports on HWM shares. Morgan Stanley upped their price target on shares of Howmet Aerospace from $170.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Barclays reiterated an “overweight” rating and issued a $190.00 target price (up from $140.00) on shares of Howmet Aerospace in a research report on Monday, August 4th. Wall Street Zen upgraded Howmet Aerospace from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Susquehanna raised their price objective on shares of Howmet Aerospace from $210.00 to $220.00 and gave the company a “positive” rating in a report on Thursday, October 9th. Finally, Truist Financial boosted their target price on shares of Howmet Aerospace from $202.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th.

Howmet Aerospace Stock Performance

Howmet Aerospace stock opened at $203.86 on Thursday. The company has a quick ratio of 1.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.65. The stock has a market cap of $82.18 billion, a PE ratio of 59.61, a P/E/G ratio of 2.61 and a beta of 1.45. Howmet Aerospace has a 12-month low of $99.10 and a 12-month high of $205.29. The business’s 50-day moving average price is $187.31 and its two-hundred day moving average price is $174.63.

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

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Friday, November 7th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, November 7th. Howmet Aerospace’s dividend payout ratio (DPR) is currently 14.04%.

Institutional Investors Weigh In On Howmet Aerospace

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Traub Capital Management LLC acquired a new stake in Howmet Aerospace during the 2nd quarter valued at approximately $25,000. Winnow Wealth LLC acquired a new stake in shares of Howmet Aerospace during the second quarter worth $25,000. Newbridge Financial Services Group Inc. raised its stake in Howmet Aerospace by 119.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after buying an additional 73 shares during the last quarter. Tradewinds Capital Management LLC lifted its holdings in Howmet Aerospace by 52.0% in the third quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock valued at $30,000 after buying an additional 52 shares during the period. Finally, Manning & Napier Advisors LLC acquired a new position in Howmet Aerospace in the third quarter valued at $32,000. 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.