Howmet Aerospace (NYSE:HWM) Price Target Increased to $85.00 by Analysts at Barclays

Howmet Aerospace (NYSE:HWM) had its price objective upped by Barclays from $65.00 to $85.00 in a report published on Monday morning, Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts have also recently commented on the stock. KeyCorp increased their price target on shares of Howmet Aerospace from $60.00 to $70.00 and gave the company an overweight rating in a research report on Wednesday, February 21st. Benchmark reaffirmed a buy rating and issued a $53.00 price objective on shares of Howmet Aerospace in a research note on Friday, April 19th. Wells Fargo & Company lifted their target price on shares of Howmet Aerospace from $72.00 to $88.00 and gave the stock an overweight rating in a research report on Monday. Royal Bank of Canada upped their price target on shares of Howmet Aerospace from $75.00 to $90.00 and gave the company an outperform rating in a research report on Friday, May 3rd. Finally, Robert W. Baird raised their price objective on Howmet Aerospace from $74.00 to $84.00 and gave the company an outperform rating in a research note on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $73.67.

Howmet Aerospace Stock Performance

NYSE HWM opened at $81.42 on Monday. Howmet Aerospace has a 52-week low of $42.17 and a 52-week high of $81.47. The company has a fifty day moving average of $67.26 and a 200-day moving average of $58.67. The company has a market capitalization of $33.23 billion, a P/E ratio of 39.33, a P/E/G ratio of 1.89 and a beta of 1.41. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.92 and a current ratio of 1.97.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.05. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.74 billion. Howmet Aerospace had a return on equity of 21.33% and a net margin of 12.53%. The company’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 earnings per share. As a group, equities research analysts predict that Howmet Aerospace will post 2.37 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The firm 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 dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend is Thursday, May 9th. Howmet Aerospace’s payout ratio is 9.66%.

Insider Transactions at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 45,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the completion of the transaction, the executive vice president now owns 229,568 shares in the company, valued at $15,482,065.92. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.12% of the company’s stock.

Institutional Trading of Howmet Aerospace

Institutional investors and hedge funds have recently modified their holdings of the stock. Bleakley Financial Group LLC raised its stake in Howmet Aerospace by 3.2% in the first quarter. Bleakley Financial Group LLC now owns 5,080 shares of the company’s stock worth $348,000 after buying an additional 158 shares in the last quarter. Valeo Financial Advisors LLC increased its holdings in shares of Howmet Aerospace by 4.6% during the fourth quarter. Valeo Financial Advisors LLC now owns 4,571 shares of the company’s stock valued at $247,000 after acquiring an additional 200 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Howmet Aerospace by 10.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,259 shares of the company’s stock valued at $122,000 after purchasing an additional 205 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in Howmet Aerospace by 61.3% in the 3rd 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. Finally, Whittier Trust Co. grew its position in Howmet Aerospace by 81.4% during the 1st quarter. Whittier Trust Co. now owns 508 shares of the company’s stock worth $35,000 after purchasing an additional 228 shares during the last quarter. 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.