Howmet Aerospace (NYSE:HWM) Given New $240.00 Price Target at BTIG Research

Howmet Aerospace (NYSE:HWM) had its price target raised by BTIG Research from $205.00 to $240.00 in a research note issued to investors on Monday, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.

HWM has been the topic of several other reports. JPMorgan Chase & Co. upped their price target on Howmet Aerospace from $150.00 to $190.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Barclays reaffirmed an “overweight” rating and issued a $190.00 price target (up from $140.00) on shares of Howmet Aerospace in a research note on Monday, August 4th. Zacks Research cut Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Truist Financial increased their target price on Howmet Aerospace from $202.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Finally, Susquehanna set a $235.00 target price on Howmet Aerospace and gave the stock a “positive” rating in a research note on Friday. Fifteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.73.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock opened at $206.80 on Monday. 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 company has a market cap of $83.37 billion, a PE ratio of 60.47, a P/E/G ratio of 2.64 and a beta of 1.45. The business has a 50 day moving average of $189.30 and a 200 day moving average of $176.67. Howmet Aerospace has a 52 week low of $99.40 and a 52 week high of $211.95.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, October 30th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%.The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 earnings per share. Howmet Aerospace has set its FY 2025 guidance at 3.660-3.680 EPS. Q4 2025 guidance at 0.940-0.960 EPS. As a group, equities research analysts forecast that Howmet Aerospace will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Friday, November 7th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. Howmet Aerospace’s dividend payout ratio (DPR) is 13.48%.

Institutional Trading of Howmet Aerospace

Institutional investors have recently made changes to their positions in the business. Traub Capital Management LLC purchased a new stake in shares of Howmet Aerospace during the second quarter worth about $25,000. Winnow Wealth LLC purchased a new position in Howmet Aerospace during the 2nd quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. grew its holdings in Howmet Aerospace by 119.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock valued at $25,000 after buying an additional 73 shares in the last quarter. Tradewinds Capital Management LLC grew its holdings in Howmet Aerospace by 52.0% during the 3rd quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock valued at $30,000 after buying an additional 52 shares in the last quarter. Finally, Manning & Napier Advisors LLC purchased a new position in Howmet Aerospace during the 3rd quarter valued at 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.