Howmet Aerospace (NYSE:HWM) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Howmet Aerospace (NYSE:HWM) had its target price lifted by equities research analysts at The Goldman Sachs Group from $124.00 to $139.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price would indicate a potential downside of 0.26% from the stock’s current price.

HWM has been the topic of a number of other research reports. Barclays boosted their target price on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday. Bank of America boosted their target price on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Truist Financial reiterated a “buy” rating and set a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Sanford C. Bernstein boosted their target price on shares of Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Finally, Wells Fargo & Company upped their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $123.28.

Howmet Aerospace Trading Up 2.0 %

NYSE:HWM opened at $139.36 on Tuesday. The firm’s fifty day moving average is $120.37 and its 200-day moving average is $109.09. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. Howmet Aerospace has a 52 week low of $62.70 and a 52 week high of $140.55. The firm has a market cap of $56.62 billion, a P/E ratio of 49.42, a P/E/G ratio of 1.51 and a beta of 1.50.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. Equities analysts expect that Howmet Aerospace will post 3.17 earnings per share for the current year.

Hedge Funds Weigh In On Howmet Aerospace

Several institutional investors have recently added to or reduced their stakes in HWM. Murphy & Mullick Capital Management Corp bought a new position in Howmet Aerospace during the fourth quarter valued at about $25,000. Meeder Asset Management Inc. grew its position in Howmet Aerospace by 208.1% during the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock valued at $25,000 after buying an additional 154 shares during the period. Aster Capital Management DIFC Ltd bought a new position in Howmet Aerospace during the fourth quarter valued at about $25,000. RiverPark Advisors LLC bought a new position in Howmet Aerospace during the third quarter valued at about $26,000. Finally, R Squared Ltd bought a new position in Howmet Aerospace during the fourth quarter valued at about $26,000. 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.