Howmet Aerospace (NYSE:HWM) Rating Lowered to Hold at Wall Street Zen

Howmet Aerospace (NYSE:HWM) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other research firms have also issued reports on HWM. BTIG Research increased their target price on Howmet Aerospace from $205.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. TD Cowen lifted their price target on Howmet Aerospace from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Truist Financial set a $258.00 price target on Howmet Aerospace in a report on Friday. Weiss Ratings restated a “buy (b)” rating on shares of Howmet Aerospace in a research report on Wednesday, October 8th. Finally, UBS Group increased their price objective on shares of Howmet Aerospace from $199.00 to $209.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $222.82.

Howmet Aerospace Trading Up 3.9%

Shares of Howmet Aerospace stock opened at $218.24 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.35 and a quick ratio of 1.14. The business has a fifty day simple moving average of $203.35 and a two-hundred day simple moving average of $191.40. Howmet Aerospace has a 1 year low of $105.04 and a 1 year high of $219.39. The company has a market capitalization of $87.75 billion, a price-to-earnings ratio of 61.30, a P/E/G ratio of 2.00 and a beta of 1.29.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.04. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the prior year, the firm earned $0.81 EPS. The business’s revenue was up 13.8% on a year-over-year basis. Howmet Aerospace has set its FY 2025 guidance at 3.660-3.680 EPS and its Q4 2025 guidance at 0.940-0.960 EPS. Research analysts forecast 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 made changes to their positions in the stock. Brighton Jones LLC lifted its holdings in shares of Howmet Aerospace by 5.4% in the 4th quarter. Brighton Jones LLC now owns 2,548 shares of the company’s stock worth $279,000 after purchasing an additional 130 shares in the last quarter. Focus Partners Wealth increased its position in shares of Howmet Aerospace by 12.5% during the first quarter. Focus Partners Wealth now owns 17,351 shares of the company’s stock worth $2,251,000 after acquiring an additional 1,928 shares in the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of Howmet Aerospace in the 1st quarter worth about $217,000. Acadian Asset Management LLC bought a new position in Howmet Aerospace in the 1st quarter valued at about $399,000. Finally, Modern Wealth Management LLC acquired a new position in Howmet Aerospace during the 1st quarter valued at about $218,000. Institutional investors own 90.46% of the company’s stock.

About Howmet Aerospace

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.