Howmet Aerospace (NYSE:HWM) PT Raised to $88.00 at Truist Financial

Howmet Aerospace (NYSE:HWM) had its price objective lifted by Truist Financial from $74.00 to $88.00 in a research note issued to investors on Friday, Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also recently commented on HWM. UBS Group increased their price target on shares of Howmet Aerospace from $57.00 to $66.00 and gave the company a neutral rating in a research report on Thursday, February 15th. Barclays lifted their price target on Howmet Aerospace from $60.00 to $65.00 and gave the stock an overweight rating in a research note on Tuesday, February 20th. KeyCorp lifted their target price on shares of Howmet Aerospace from $60.00 to $70.00 and gave the stock an overweight rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. increased their price target on shares of Howmet Aerospace from $55.00 to $60.00 and gave the company an overweight rating in a research report on Wednesday, February 14th. Finally, Sanford C. Bernstein began coverage on shares of Howmet Aerospace in a research report on Friday, January 5th. They issued an outperform rating and a $67.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $73.67.

Howmet Aerospace Price Performance

Shares of NYSE:HWM traded up $0.92 during trading on Friday, reaching $79.81. The company had a trading volume of 2,160,566 shares, compared to its average volume of 3,453,474. Howmet Aerospace has a 12 month low of $42.17 and a 12 month high of $80.11. The company has a current ratio of 1.97, a quick ratio of 0.92 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $32.58 billion, a P/E ratio of 38.55, a price-to-earnings-growth ratio of 1.89 and a beta of 1.41. The company has a fifty day moving average of $66.70 and a two-hundred day moving average of $58.16.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, May 2nd. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. Howmet Aerospace had a return on equity of 21.33% and a net margin of 12.53%. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the prior year, the firm earned $0.42 earnings per share. The firm’s revenue was up 13.8% on a year-over-year basis. Equities research analysts forecast that Howmet Aerospace will post 2.37 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, May 10th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.25%. The ex-dividend date is Thursday, May 9th. Howmet Aerospace’s payout ratio is currently 9.66%.

Insider Buying and Selling at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 45,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $67.44, for a total value of $3,034,800.00. Following the sale, the executive vice president now owns 229,568 shares in the company, valued at approximately $15,482,065.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.12% of the company’s stock.

Institutional Investors Weigh In On Howmet Aerospace

Several institutional investors and hedge funds have recently made changes to their positions in the company. Accurate Wealth Management LLC bought a new position in Howmet Aerospace during the fourth quarter valued at approximately $2,825,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Howmet Aerospace in the third quarter worth $1,697,000. QRG Capital Management Inc. purchased a new stake in Howmet Aerospace during the third quarter valued at $407,000. Cullen Investment Group LTD. bought a new position in Howmet Aerospace in the fourth quarter valued at about $703,000. Finally, Victory Capital Management Inc. boosted its position in Howmet Aerospace by 15.0% in the third quarter. Victory Capital Management Inc. now owns 347,072 shares of the company’s stock worth $16,052,000 after purchasing an additional 45,246 shares during the last quarter. 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.