Howmet Aerospace (NYSE:HWM) PT Raised to $125.00

Howmet Aerospace (NYSE:HWM) had its price objective hoisted by research analysts at Deutsche Bank Aktiengesellschaft from $106.00 to $125.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 22.51% from the stock’s current price.

HWM has been the subject of several other research reports. JPMorgan Chase & Co. upped their price target on shares of Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Barclays raised their price objective on Howmet Aerospace from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Robert W. Baird increased their price target on shares of Howmet Aerospace from $84.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Royal Bank of Canada boosted their price objective on shares of Howmet Aerospace from $90.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, BTIG Research increased their target price on shares of Howmet Aerospace from $95.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $95.07.

Howmet Aerospace Price Performance

Shares of NYSE:HWM opened at $102.03 on Thursday. The company has a market capitalization of $41.65 billion, a PE ratio of 49.29, a price-to-earnings-growth ratio of 1.47 and a beta of 1.46. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.74 and a current ratio of 1.53. The stock has a fifty day moving average of $95.29 and a 200-day moving average of $82.67. Howmet Aerospace has a one year low of $42.94 and a one year high of $103.00.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Tuesday, July 30th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.60 by $0.07. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.83 billion. Howmet Aerospace had a return on equity of 23.02% and a net margin of 13.15%. Howmet Aerospace’s revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 earnings per share. As a group, equities analysts anticipate that Howmet Aerospace will post 2.59 EPS for the current fiscal year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Howmet Aerospace

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Senator Investment Group LP raised its stake in shares of Howmet Aerospace by 24.8% in the 2nd quarter. Senator Investment Group LP now owns 156,000 shares of the company’s stock valued at $12,110,000 after buying an additional 31,000 shares in the last quarter. Wealthspire Advisors LLC acquired a new position in Howmet Aerospace in the second quarter worth about $209,000. Blair William & Co. IL lifted its stake in Howmet Aerospace by 51.6% during the first quarter. Blair William & Co. IL now owns 25,488 shares of the company’s stock worth $1,744,000 after purchasing an additional 8,676 shares during the period. Los Angeles Capital Management LLC boosted its holdings in Howmet Aerospace by 70.1% during the first quarter. Los Angeles Capital Management LLC now owns 1,273,290 shares of the company’s stock valued at $87,131,000 after purchasing an additional 524,805 shares in the last quarter. Finally, Quadrature Capital Ltd grew its stake in shares of Howmet Aerospace by 303.8% in the 4th quarter. Quadrature Capital Ltd now owns 23,629 shares of the company’s stock valued at $1,279,000 after purchasing an additional 17,777 shares during the period. 90.46% of the stock is currently owned by institutional investors.

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.