Howmet Aerospace (NYSE:HWM) PT Raised to $88.00

Howmet Aerospace (NYSE:HWM) had its target price increased by Wells Fargo & Company from $72.00 to $88.00 in a report released on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 10.23% from the company’s current price.

Several other research analysts have also recently issued reports on the company. UBS Group raised their target price on Howmet Aerospace from $57.00 to $66.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. KeyCorp lifted their price target on shares of Howmet Aerospace from $60.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. lifted their target price on Howmet Aerospace from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, February 14th. The Goldman Sachs Group upped their price target on Howmet Aerospace from $77.00 to $87.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, Barclays lifted their price objective on Howmet Aerospace from $60.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, February 20th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $73.67.

Howmet Aerospace Trading Down 0.4 %

Shares of Howmet Aerospace stock opened at $79.83 on Monday. Howmet Aerospace has a 1 year low of $42.17 and a 1 year high of $80.35. The company has a 50 day simple moving average of $66.98 and a two-hundred day simple moving average of $58.41. The firm has a market cap of $32.59 billion, a PE ratio of 38.57, a PEG ratio of 1.89 and a beta of 1.41. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.97 and a quick ratio of 0.92.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Howmet Aerospace had a net margin of 12.53% and a return on equity of 21.33%. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.42 earnings per share. Analysts expect that Howmet Aerospace will post 2.37 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Neil Edward Marchuk sold 45,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 229,568 shares of the company’s stock, valued at approximately $15,482,065.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.12% of the company’s stock.

Institutional Trading of Howmet Aerospace

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Venturi Wealth Management LLC lifted its stake in shares of Howmet Aerospace by 61.3% during the third quarter. Venturi Wealth Management LLC now owns 558 shares of the company’s stock worth $26,000 after purchasing an additional 212 shares in the last quarter. Headinvest LLC bought a new stake in shares of Howmet Aerospace in the 3rd quarter worth approximately $30,000. Whittier Trust Co. boosted its holdings in shares of Howmet Aerospace by 81.4% during the first quarter. Whittier Trust Co. now owns 508 shares of the company’s stock valued at $35,000 after acquiring an additional 228 shares during the period. Lindbrook Capital LLC boosted its stake in Howmet Aerospace by 34.4% during the 4th quarter. Lindbrook Capital LLC now owns 894 shares of the company’s stock valued at $48,000 after purchasing an additional 229 shares during the period. Finally, Quadrant Capital Group LLC boosted its position in shares of Howmet Aerospace by 62.9% during the fourth quarter. Quadrant Capital Group LLC now owns 976 shares of the company’s stock worth $53,000 after buying an additional 377 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

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.