Howmet Aerospace Inc. (NYSE:HWM) Receives $123.28 Consensus PT from Analysts

Shares of Howmet Aerospace Inc. (NYSE:HWM) have earned an average recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and fifteen have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $123.28.

Several equities analysts recently commented on HWM shares. Robert W. Baird upped their price target on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Royal Bank of Canada upped their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Susquehanna upped their price target on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th. Bank of America upped their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Barclays upped their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th.

Howmet Aerospace Price Performance

Shares of HWM opened at $129.48 on Friday. The firm has a market capitalization of $52.44 billion, a PE ratio of 45.92, a PEG ratio of 1.92 and a beta of 1.50. The company’s 50-day moving average is $121.51 and its 200-day moving average is $110.15. Howmet Aerospace has a fifty-two week low of $62.80 and a fifty-two week high of $140.55. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.03. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. Equities analysts forecast that Howmet Aerospace will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be paid a $0.10 dividend. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend is Friday, February 7th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 14.18%.

Institutional Investors Weigh In On Howmet Aerospace

A number of hedge funds have recently made changes to their positions in HWM. Norges Bank acquired a new stake in shares of Howmet Aerospace in the 4th quarter valued at approximately $1,001,558,000. JPMorgan Chase & Co. boosted its stake in shares of Howmet Aerospace by 14.0% in the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company’s stock valued at $2,209,071,000 after purchasing an additional 2,486,649 shares in the last quarter. Winslow Capital Management LLC acquired a new stake in shares of Howmet Aerospace in the 4th quarter valued at approximately $265,844,000. Janus Henderson Group PLC boosted its stake in shares of Howmet Aerospace by 10.3% in the 4th quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company’s stock valued at $1,197,315,000 after purchasing an additional 1,026,130 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new position in Howmet Aerospace in the 4th quarter valued at approximately $102,996,000. 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.