Howmet Aerospace Inc. (NYSE:HWM) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Howmet Aerospace Inc. (NYSE:HWM) have earned a consensus rating of “Moderate Buy” from the twenty brokerages that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, fifteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $224.5294.

Several brokerages have commented on HWM. Sanford C. Bernstein restated an “outperform” rating and issued a $247.00 price objective on shares of Howmet Aerospace in a report on Tuesday, January 6th. Royal Bank Of Canada increased their price target on shares of Howmet Aerospace from $210.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. BTIG Research raised their price objective on shares of Howmet Aerospace from $205.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Morgan Stanley set a $225.00 target price on Howmet Aerospace and gave the stock an “overweight” rating in a report on Friday, October 31st. Finally, JPMorgan Chase & Co. raised their target price on Howmet Aerospace from $190.00 to $227.00 and gave the company an “overweight” rating in a research note on Monday, November 10th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HWM. Traub Capital Management LLC purchased a new stake in Howmet Aerospace in the second quarter worth about $25,000. Winnow Wealth LLC purchased a new stake in shares of Howmet Aerospace in the 2nd quarter worth approximately $25,000. Newbridge Financial Services Group Inc. increased its position 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. Sound Income Strategies LLC raised its stake in Howmet Aerospace by 66.7% during the fourth quarter. Sound Income Strategies LLC now owns 125 shares of the company’s stock valued at $28,000 after buying an additional 50 shares during the last quarter. Finally, Tradewinds Capital Management LLC boosted 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 worth $30,000 after acquiring an additional 52 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Price Performance

HWM opened at $223.44 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 2.35. The stock has a market capitalization of $89.84 billion, a PE ratio of 62.76, a price-to-earnings-growth ratio of 1.98 and a beta of 1.26. The stock’s 50 day moving average price is $208.52 and its 200-day moving average price is $196.26. Howmet Aerospace has a 52-week low of $105.04 and a 52-week high of $226.87.

Howmet Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Friday, February 6th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a $0.48 annualized dividend and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio (DPR) is currently 13.48%.

Howmet Aerospace Company Profile

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.