Howmet Aerospace (NYSE:HWM) Price Target Increased to $115.00 by Analysts at BTIG Research

Howmet Aerospace (NYSE:HWM) had its target price lifted by research analysts at BTIG Research from $95.00 to $115.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. BTIG Research’s price target suggests a potential upside of 32.03% from the company’s previous close.

HWM has been the subject of a number of other reports. Northcoast Research reissued a “sell” rating and issued a $70.00 price objective on shares of Howmet Aerospace in a report on Friday, June 14th. Royal Bank of Canada upped their target price on Howmet Aerospace from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group upped their target price on Howmet Aerospace from $77.00 to $87.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. upped their target price on Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, KeyCorp upped their target price on Howmet Aerospace from $90.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $89.67.

Howmet Aerospace Stock Performance

Shares of NYSE:HWM traded down $3.06 during trading on Monday, hitting $87.10. 3,428,930 shares of the company traded hands, compared to its average volume of 3,251,617. The stock has a market capitalization of $35.55 billion, a price-to-earnings ratio of 42.12, a PEG ratio of 1.58 and a beta of 1.45. The business’s fifty day moving average is $81.98 and its 200-day moving average is $72.28. Howmet Aerospace has a one year low of $42.94 and a one year high of $97.29. The company has a quick ratio of 0.92, a current ratio of 1.53 and a debt-to-equity ratio of 0.68.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.07. Howmet Aerospace had a return on equity of 23.02% and a net margin of 13.15%. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same period in the prior year, the company posted $0.44 EPS. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, equities analysts predict that Howmet Aerospace will post 2.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 32,614 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $84.26, for a total transaction of $2,748,055.64. Following the sale, the executive vice president now directly owns 217,687 shares of the company’s stock, valued at approximately $18,342,306.62. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.12% of the company’s stock.

Institutional Trading of Howmet Aerospace

Several large investors have recently added to or reduced their stakes in HWM. Cultivar Capital Inc. acquired a new position in shares of Howmet Aerospace in the second quarter worth $26,000. LGT Financial Advisors LLC increased its stake in shares of Howmet Aerospace by 278.7% in the second quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock worth $28,000 after acquiring an additional 262 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of Howmet Aerospace in the second quarter worth $32,000. Versant Capital Management Inc increased its stake in shares of Howmet Aerospace by 1,209.1% in the second quarter. Versant Capital Management Inc now owns 432 shares of the company’s stock worth $34,000 after acquiring an additional 399 shares during the last quarter. Finally, Whittier Trust Co. increased its stake in shares of Howmet Aerospace by 81.4% in the first quarter. Whittier Trust Co. now owns 508 shares of the company’s stock worth $35,000 after acquiring an additional 228 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

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.