Howmet Aerospace (NYSE:HWM) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Howmet Aerospace (NYSE:HWM) had its target price increased by research analysts at Wells Fargo & Company from $129.00 to $132.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 14.36% from the stock’s current price.

A number of other research analysts have also recently weighed in on HWM. Bank of America raised their price objective on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Robert W. Baird lifted their target price on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. UBS Group lifted their target price on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Susquehanna lifted their target price on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada boosted their price objective on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.59.

Howmet Aerospace Price Performance

Shares of HWM stock traded up $1.35 during midday trading on Wednesday, reaching $115.43. 371,348 shares of the company traded hands, compared to its average volume of 2,897,515. The firm’s 50 day simple moving average is $109.25 and its two-hundred day simple moving average is $95.53. Howmet Aerospace has a 1-year low of $52.36 and a 1-year high of $120.71. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. The firm has a market cap of $46.89 billion, a PE ratio of 43.96, a price-to-earnings-growth ratio of 1.59 and a beta of 1.48.

Institutional Investors Weigh In On Howmet Aerospace

A number of institutional investors have recently modified their holdings of the business. Caprock Group LLC grew its position in shares of Howmet Aerospace by 1.0% during the 3rd quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock valued at $1,121,000 after buying an additional 106 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in shares of Howmet Aerospace by 6.8% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company’s stock valued at $195,000 after buying an additional 124 shares during the last quarter. OneDigital Investment Advisors LLC grew its position in shares of Howmet Aerospace by 2.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company’s stock valued at $527,000 after buying an additional 124 shares during the last quarter. Assetmark Inc. grew its position in shares of Howmet Aerospace by 40.0% during the 3rd quarter. Assetmark Inc. now owns 441 shares of the company’s stock valued at $44,000 after buying an additional 126 shares during the last quarter. Finally, Huntington National Bank grew its position in shares of Howmet Aerospace by 11.1% during the 3rd quarter. Huntington National Bank now owns 1,526 shares of the company’s stock valued at $153,000 after buying an additional 152 shares during the last quarter. Institutional investors 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.