Howmet Aerospace (NYSE:HWM) Price Target Raised to $85.00 at Barclays

Howmet Aerospace (NYSE:HWM) had its price target upped by Barclays from $65.00 to $85.00 in a report released on Monday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other research firms have also issued reports on HWM. Truist Financial raised their target price on shares of Howmet Aerospace from $74.00 to $88.00 and gave the company a buy rating in a research note on Friday. Royal Bank of Canada increased their target price on Howmet Aerospace from $75.00 to $90.00 and gave the stock an outperform rating in a report on Friday. Benchmark reiterated a buy rating and set a $53.00 price objective on shares of Howmet Aerospace in a research note on Friday, April 19th. UBS Group lifted their target price on shares of Howmet Aerospace from $57.00 to $66.00 and gave the company a neutral rating in a research note on Thursday, February 15th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Howmet Aerospace from $55.00 to $60.00 and gave the company an overweight rating in a research report on Wednesday, February 14th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $73.67.

Howmet Aerospace Stock Up 0.0 %

NYSE:HWM traded up $0.01 during trading hours on Monday, hitting $80.19. 147,810 shares of the stock traded hands, compared to its average volume of 3,431,446. The firm has a market cap of $32.73 billion, a price-to-earnings ratio of 38.73, a PEG ratio of 1.89 and a beta of 1.41. The firm has a 50 day moving average price of $66.98 and a 200 day moving average price of $58.41. The company has a current ratio of 1.97, a quick ratio of 0.92 and a debt-to-equity ratio of 0.86. Howmet Aerospace has a fifty-two week low of $42.17 and a fifty-two week high of $80.35.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, May 2nd. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.05. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Howmet Aerospace had a return on equity of 21.33% and a net margin of 12.53%. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.42 EPS. Equities research analysts anticipate that Howmet Aerospace will post 2.37 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, May 10th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date is Thursday, May 9th. Howmet Aerospace’s dividend payout ratio is presently 9.66%.

Insider Activity

In related news, EVP Neil Edward Marchuk sold 45,000 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the completion of the transaction, the executive vice president now owns 229,568 shares in the company, valued at $15,482,065.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.12% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Whittier Trust Co. increased its holdings in Howmet Aerospace by 81.4% during the first quarter. Whittier Trust Co. now owns 508 shares of the company’s stock worth $35,000 after buying an additional 228 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in Howmet Aerospace by 61.3% during the third quarter. Venturi Wealth Management LLC now owns 558 shares of the company’s stock worth $26,000 after purchasing an additional 212 shares during the period. Headinvest LLC acquired a new position in Howmet Aerospace during the third quarter worth approximately $30,000. Lindbrook Capital LLC raised its stake in Howmet Aerospace by 34.4% in the fourth quarter. Lindbrook Capital LLC now owns 894 shares of the company’s stock valued at $48,000 after buying an additional 229 shares during the period. Finally, Quadrant Capital Group LLC lifted its position in shares of Howmet Aerospace by 62.9% in the fourth quarter. Quadrant Capital Group LLC now owns 976 shares of the company’s stock valued at $53,000 after buying an additional 377 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

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.