Howmet Aerospace (NYSE:HWM) Price Target Raised to $155.00

Howmet Aerospace (NYSE:HWM) had its target price boosted by equities research analysts at Morgan Stanley from $125.00 to $155.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 12.19% from the company’s previous close.

HWM has been the topic of several other research reports. Susquehanna lifted their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a report on Thursday, November 7th. KeyCorp lowered Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Wells Fargo & Company lifted their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Finally, Barclays lifted their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.28.

Howmet Aerospace Stock Performance

Shares of NYSE HWM opened at $138.16 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The business’s 50 day moving average is $120.86 and its two-hundred day moving average is $109.29. The company has a market cap of $55.96 billion, a P/E ratio of 48.99, a P/E/G ratio of 1.51 and a beta of 1.50. Howmet Aerospace has a 12 month low of $62.80 and a 12 month high of $140.55.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.71 by $0.03. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. On average, equities analysts expect that Howmet Aerospace will post 3.24 EPS for the current year.

Hedge Funds Weigh In On Howmet Aerospace

Institutional investors and hedge funds have recently bought and sold shares of the business. Murphy & Mullick Capital Management Corp acquired a new position in Howmet Aerospace in the fourth quarter worth $25,000. Meeder Asset Management Inc. boosted its stake in Howmet Aerospace by 208.1% in the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock worth $25,000 after purchasing an additional 154 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Howmet Aerospace in the fourth quarter worth $25,000. R Squared Ltd acquired a new position in Howmet Aerospace in the fourth quarter worth $26,000. Finally, RiverPark Advisors LLC acquired a new position in Howmet Aerospace in the third quarter worth $26,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

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.