Howmet Aerospace Inc. (NYSE:HWM) Stock Has Consensus Target Price of $295.81 According to Analysts

Howmet Aerospace Inc. (NYSE:HWM) has been given an average rating of “Moderate Buy” by the twenty-three analysts that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $295.81.

Several equities analysts have recently issued reports on the stock. Guggenheim began coverage on shares of Howmet Aerospace in a report on Monday, September 14th. They set a “buy” rating and a $350.00 price objective on the stock. KeyCorp upgraded shares of Howmet Aerospace from a “sector weight” rating to an “overweight” rating and set a $237.00 target price for the company in a research note on Tuesday, November 3rd. Citigroup reissued a “buy” rating on shares of Howmet Aerospace in a research report on Tuesday, October 27th. UBS Group cut their price target on shares of Howmet Aerospace from $255.00 to $230.00 and set a “neutral” rating on the stock in a research note on Friday, October 30th. Finally, Morgan Stanley restated an “overweight” rating and set a $335.00 price target on shares of Howmet Aerospace in a research note on Monday, August 10th.

Hedge Funds Weigh In On Howmet Aerospace

Several hedge funds have recently made changes to their positions in the company. Advisors Asset Management Inc. acquired a new stake in Howmet Aerospace during the 3rd quarter worth about $12,952,000. Edmond DE Rothschild Holding S.A. increased its holdings in shares of Howmet Aerospace by 28.2% in the third quarter. Edmond DE Rothschild Holding S.A. now owns 3,781 shares of the company’s stock valued at $855,000 after purchasing an additional 832 shares during the period. GW&K Investment Management LLC increased its holdings in shares of Howmet Aerospace by 63.1% in the third quarter. GW&K Investment Management LLC now owns 835 shares of the company’s stock valued at $189,000 after purchasing an additional 323 shares during the period. Private Wealth Asset Management LLC raised its stake in shares of Howmet Aerospace by 18,118.2% in the third quarter. Private Wealth Asset Management LLC now owns 2,004 shares of the company’s stock worth $412,000 after purchasing an additional 1,993 shares during the last quarter. Finally, Alteri Wealth LLC raised its stake in shares of Howmet Aerospace by 2.2% in the third quarter. Alteri Wealth LLC now owns 2,991 shares of the company’s stock worth $677,000 after purchasing an additional 64 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Stock Up 2.1%

Howmet Aerospace stock opened at $223.66 on Monday. Howmet Aerospace has a 1-year low of $183.52 and a 1-year high of $310.00. The business has a fifty day moving average price of $221.28 and a 200-day moving average price of $248.23. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.86 and a quick ratio of 0.90. The stock has a market capitalization of $88.94 billion, a price-to-earnings ratio of 43.77, a PEG ratio of 1.60 and a beta of 1.31.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, October 29th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.09. Howmet Aerospace had a return on equity of 36.44% and a net margin of 21.10%. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same period in the prior year, the company posted $0.95 EPS. The firm’s quarterly revenue was up 29.4% compared to the same quarter last year. Equities research analysts forecast that Howmet Aerospace will post 5.49 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Friday, November 6th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.3%. Howmet Aerospace’s payout ratio is 10.96%.

Howmet Aerospace Company Profile

Howmet Aerospace designs and manufactures engineered metal products for the aerospace, commercial transportation and industrial markets. Its products include components for aircraft engines and airframes, fastening systems, and forged aluminum wheels for commercial trucks. The company operates through businesses focused on engine products, fastening systems, engineered structures and forged wheels. Its components and systems are used by aerospace manufacturers and suppliers, as well as customers in transportation and other industrial sectors.