Howmet Aerospace (NYSE:HWM) Price Target Raised to $130.00

Howmet Aerospace (NYSE:HWM) had its target price upped by Barclays from $100.00 to $130.00 in a research report report published on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages have also recently issued reports on HWM. Robert W. Baird boosted their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Truist Financial boosted their price target on shares of Howmet Aerospace from $123.00 to $128.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Sanford C. Bernstein boosted their target price on shares of Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. raised their price target on Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $115.41.

Howmet Aerospace Trading Up 1.9 %

NYSE:HWM opened at $115.75 on Monday. The firm’s 50 day moving average is $101.15 and its 200 day moving average is $90.30. Howmet Aerospace has a 12 month low of $50.57 and a 12 month high of $116.59. The stock has a market capitalization of $47.02 billion, a PE ratio of 44.18, a price-to-earnings-growth ratio of 1.54 and a beta of 1.46. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76.

Howmet Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend is Friday, November 8th. Howmet Aerospace’s dividend payout ratio (DPR) is 12.21%.

Insider Transactions at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the completion of the transaction, the executive vice president now owns 92,687 shares of the company’s stock, valued at $8,985,077.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the sale, the executive vice president now owns 92,687 shares of the company’s stock, valued at approximately $8,985,077.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total value of $14,961,111.22. Following the sale, the chief financial officer now directly owns 155,135 shares in the company, valued at approximately $14,982,938.30. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Howmet Aerospace

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC grew its stake in shares of Howmet Aerospace by 8.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 23,347 shares of the company’s stock worth $1,598,000 after buying an additional 1,882 shares during the last quarter. Empowered Funds LLC raised its holdings in Howmet Aerospace by 323.3% in the first quarter. Empowered Funds LLC now owns 19,828 shares of the company’s stock worth $1,357,000 after buying an additional 15,144 shares during the last quarter. Atomi Financial Group Inc. lifted its stake in shares of Howmet Aerospace by 13.0% in the first quarter. Atomi Financial Group Inc. now owns 4,567 shares of the company’s stock worth $313,000 after buying an additional 527 shares in the last quarter. NorthRock Partners LLC purchased a new stake in shares of Howmet Aerospace during the first quarter valued at approximately $224,000. Finally, Headlands Technologies LLC bought a new stake in shares of Howmet Aerospace during the first quarter valued at approximately $75,000. Hedge funds and other 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.