Howmet Aerospace Inc. (NYSE:HWM) Receives $115.41 Consensus Target Price from Analysts

Howmet Aerospace Inc. (NYSE:HWM) has earned a consensus recommendation of “Moderate Buy” from the seventeen brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $115.59.

Several research firms recently commented on HWM. KeyCorp downgraded shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. UBS Group increased their target price on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Wells Fargo & Company lifted their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Bank of America increased their price target on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Robert W. Baird lifted their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a report on Thursday, November 7th.

Institutional Investors Weigh In On Howmet Aerospace

A number of institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers lifted its position in shares of Howmet Aerospace by 182.1% in the 1st quarter. Cetera Investment Advisers now owns 42,893 shares of the company’s stock worth $2,935,000 after purchasing an additional 27,686 shares during the period. CWM LLC boosted its holdings in shares of Howmet Aerospace by 37.3% during the 2nd quarter. CWM LLC now owns 12,897 shares of the company’s stock worth $1,001,000 after buying an additional 3,502 shares in the last quarter. Simplicity Wealth LLC grew its position in shares of Howmet Aerospace by 6.5% during the 2nd quarter. Simplicity Wealth LLC now owns 5,410 shares of the company’s stock worth $420,000 after buying an additional 330 shares during the period. Czech National Bank increased its stake in shares of Howmet Aerospace by 7.4% in the 2nd quarter. Czech National Bank now owns 73,895 shares of the company’s stock valued at $5,736,000 after acquiring an additional 5,071 shares in the last quarter. Finally, RFG Advisory LLC acquired a new position in shares of Howmet Aerospace during the 2nd quarter valued at $209,000. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

HWM opened at $113.43 on Monday. 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 business has a fifty day simple moving average of $110.03 and a 200 day simple moving average of $96.15. Howmet Aerospace has a 1 year low of $52.36 and a 1 year high of $120.71. The company has a market capitalization of $46.08 billion, a PE ratio of 43.29, a price-to-earnings-growth ratio of 1.56 and a beta of 1.48.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend was Friday, November 8th. Howmet Aerospace’s dividend payout ratio is currently 12.21%.

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.