Brokerages Set Howmet Aerospace Inc. (NYSE:HWM) Target Price at $66.00

Howmet Aerospace Inc. (NYSE:HWM) has earned an average recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $66.00.

HWM has been the subject of a number of research analyst reports. Sanford C. Bernstein initiated coverage on shares of Howmet Aerospace in a research report on Friday, January 5th. They issued an “outperform” rating and a $67.00 target price for the company. Benchmark reiterated a “buy” rating and issued a $53.00 target price on shares of Howmet Aerospace in a research report on Friday, April 19th. Barclays increased their target price on shares of Howmet Aerospace from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 20th. KeyCorp raised their price target on shares of Howmet Aerospace from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. Finally, UBS Group raised their price target on shares of Howmet Aerospace from $57.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, February 15th.

Insiders Place Their Bets

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 45,000 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $67.44, for a total value of $3,034,800.00. Following the sale, the executive vice president now directly owns 229,568 shares in the company, valued at approximately $15,482,065.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.12% of the company’s stock.

Institutional Trading of Howmet Aerospace

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AE Wealth Management LLC bought a new stake in Howmet Aerospace during the third quarter worth about $262,000. Czech National Bank lifted its position in shares of Howmet Aerospace by 57.2% during the third quarter. Czech National Bank now owns 68,443 shares of the company’s stock worth $3,165,000 after purchasing an additional 24,900 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in shares of Howmet Aerospace by 6.7% during the third quarter. Valeo Financial Advisors LLC now owns 4,371 shares of the company’s stock worth $202,000 after purchasing an additional 274 shares in the last quarter. Kathleen S. Wright Associates Inc. acquired a new position in shares of Howmet Aerospace during the third quarter worth approximately $31,000. Finally, Cavalier Investments LLC lifted its position in shares of Howmet Aerospace by 3.8% during the third quarter. Cavalier Investments LLC now owns 71,243 shares of the company’s stock worth $3,295,000 after purchasing an additional 2,621 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Down 0.5 %

Howmet Aerospace stock opened at $66.75 on Friday. The company has a 50 day moving average price of $66.13 and a 200 day moving average price of $57.53. Howmet Aerospace has a 52 week low of $42.17 and a 52 week high of $69.55. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.87 and a current ratio of 1.86. The firm has a market capitalization of $27.26 billion, a price-to-earnings ratio of 36.48, a P/E/G ratio of 1.73 and a beta of 1.43.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. Howmet Aerospace had a net margin of 11.52% and a return on equity of 20.12%. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the business posted $0.38 EPS. The company’s revenue was up 14.4% on a year-over-year basis. Research analysts forecast that Howmet Aerospace will post 2.18 EPS for the current year.

Howmet Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Friday, May 10th will be given a $0.05 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.20 annualized dividend and a yield of 0.30%. Howmet Aerospace’s dividend payout ratio is 10.93%.

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.