Howmet Aerospace (NYSE:HWM) Price Target Raised to $130.00 at JPMorgan Chase & Co.

Howmet Aerospace (NYSE:HWM) had its target price boosted by JPMorgan Chase & Co. from $125.00 to $130.00 in a research note published on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts have also recently commented on the company. Royal Bank of Canada boosted their price target on Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Sanford C. Bernstein boosted their price target on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Susquehanna boosted their price target on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a report on Thursday, November 7th. Wells Fargo & Company boosted their price target on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Finally, Robert W. Baird boosted their price target on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One 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 MarketBeat.com, Howmet Aerospace currently has an average rating of “Moderate Buy” and a consensus target price of $117.76.

Howmet Aerospace Stock Up 4.4 %

HWM stock opened at $133.66 on Friday. Howmet Aerospace has a twelve month low of $62.70 and a twelve month high of $133.92. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. The stock has a market cap of $54.30 billion, a P/E ratio of 51.02, a PEG ratio of 1.45 and a beta of 1.50. The business’s 50-day moving average price is $118.75 and its 200-day moving average price is $107.74.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. Howmet Aerospace had a return on equity of 24.50% and a net margin of 14.81%. On average, equities research analysts forecast that Howmet Aerospace will post 2.66 EPS for the current year.

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s payout ratio is currently 12.21%.

Hedge Funds Weigh In On Howmet Aerospace

Large investors have recently modified their holdings of the stock. Norges Bank bought a new position in Howmet Aerospace in the 4th quarter valued at $1,001,558,000. JPMorgan Chase & Co. grew its position in Howmet Aerospace by 14.0% in the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company’s stock valued at $2,209,071,000 after acquiring an additional 2,486,649 shares during the last quarter. Winslow Capital Management LLC bought a new position in Howmet Aerospace in the 4th quarter valued at $265,844,000. AustralianSuper Pty Ltd grew its position in Howmet Aerospace by 1,000.0% in the 4th quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company’s stock valued at $101,772,000 after acquiring an additional 845,941 shares during the last quarter. Finally, Capital World Investors lifted its holdings in shares of Howmet Aerospace by 13.3% in the 4th quarter. Capital World Investors now owns 4,855,273 shares of the company’s stock worth $531,021,000 after buying an additional 570,567 shares during the period. 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.