JPMorgan Chase & Co. Increases Howmet Aerospace (NYSE:HWM) Price Target to $227.00

Howmet Aerospace (NYSE:HWM) had its target price hoisted by equities researchers at JPMorgan Chase & Co. from $190.00 to $227.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 8.64% from the company’s current price.

A number of other equities research analysts also recently commented on HWM. Susquehanna set a $235.00 price objective on Howmet Aerospace and gave the company a “positive” rating in a report on Friday, October 31st. Royal Bank Of Canada upped their price target on Howmet Aerospace from $210.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Truist Financial increased their price target on shares of Howmet Aerospace from $202.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Barclays restated an “overweight” rating and set a $190.00 price objective (up previously from $140.00) on shares of Howmet Aerospace in a report on Monday, August 4th. Finally, Vertical Research reiterated a “buy” rating on shares of Howmet Aerospace in a report on Thursday, July 31st. Fourteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $212.79.

Howmet Aerospace Stock Down 0.4%

Shares of NYSE:HWM opened at $208.94 on Monday. 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 stock has a market cap of $84.01 billion, a price-to-earnings ratio of 61.09, a P/E/G ratio of 2.64 and a beta of 1.47. The company has a 50 day moving average of $193.15 and a 200-day moving average of $180.02. Howmet Aerospace has a one year low of $105.04 and a one year high of $211.95.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period last year, the firm 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. On average, sell-side analysts forecast that Howmet Aerospace will post 3.27 earnings per share for the current year.

Hedge Funds Weigh In On Howmet Aerospace

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HWM. Traub Capital Management LLC acquired a new position in Howmet Aerospace during the 2nd quarter worth approximately $25,000. Winnow Wealth LLC acquired a new position in Howmet Aerospace during the second quarter worth $25,000. Newbridge Financial Services Group Inc. boosted its holdings 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 purchasing an additional 73 shares during the last quarter. Tradewinds Capital Management LLC grew its position 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 purchasing an additional 52 shares in the last quarter. Finally, Pinpoint Asset Management Ltd increased its stake in Howmet Aerospace by 42.8% in the 1st quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company’s stock valued at $31,000 after buying an additional 71 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

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.