Howmet Aerospace (NYSE:HWM) Sets New 12-Month High – Here’s What Happened

Howmet Aerospace Inc. (NYSE:HWM)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $128.95 and last traded at $126.95, with a volume of 11484 shares changing hands. The stock had previously closed at $125.30.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. UBS Group boosted their price target on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Bank of America boosted their price target on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Sanford C. Bernstein boosted their price target on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Royal Bank of Canada boosted their price target on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $115.71.

Howmet Aerospace Price Performance

The company has a 50 day simple moving average of $115.26 and a 200-day simple moving average of $102.51. The stock has a market cap of $51.46 billion, a price-to-earnings ratio of 48.35, a PEG ratio of 1.41 and a beta of 1.49. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76.

Institutional Trading of Howmet Aerospace

Several institutional investors and hedge funds have recently bought and sold shares of the company. Brooklyn Investment Group raised its stake in Howmet Aerospace by 6.1% during the fourth quarter. Brooklyn Investment Group now owns 1,678 shares of the company’s stock valued at $183,000 after buying an additional 97 shares in the last quarter. Caprock Group LLC raised its stake in Howmet Aerospace by 1.0% during the third quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock valued at $1,121,000 after buying an additional 106 shares in the last quarter. Perigon Wealth Management LLC raised its stake in Howmet Aerospace by 4.1% during the fourth quarter. Perigon Wealth Management LLC now owns 2,904 shares of the company’s stock valued at $318,000 after buying an additional 115 shares in the last quarter. Versant Capital Management Inc raised its stake in Howmet Aerospace by 18.7% during the fourth quarter. Versant Capital Management Inc now owns 744 shares of the company’s stock valued at $81,000 after buying an additional 117 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its stake in Howmet Aerospace by 6.8% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company’s stock valued at $195,000 after buying an additional 124 shares in the last quarter. Institutional investors and hedge funds 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.