Howmet Aerospace Inc. (NYSE:HWM) Given Consensus Recommendation of “Buy” by Analysts

Howmet Aerospace Inc. (NYSE:HWMGet Rating) has received a consensus recommendation of “Buy” from the six research firms that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have covered the stock in the last year is $40.60.

A number of equities analysts recently issued reports on the company. KeyCorp upped their price target on Howmet Aerospace from $36.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, April 4th. Argus upped their price target on Howmet Aerospace from $38.00 to $41.00 and gave the company a “buy” rating in a report on Tuesday, June 7th.

Shares of NYSE:HWM opened at $31.43 on Thursday. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.22 and a quick ratio of 1.04. The firm has a market capitalization of $13.14 billion, a PE ratio of 43.65 and a beta of 1.58. The firm’s 50-day moving average is $34.47 and its two-hundred day moving average is $33.83. Howmet Aerospace has a 1 year low of $27.41 and a 1 year high of $37.66.

Howmet Aerospace (NYSE:HWMGet Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. Howmet Aerospace had a return on equity of 13.73% and a net margin of 6.07%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the company posted $0.22 earnings per share. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. Analysts expect that Howmet Aerospace will post 1.41 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 25th. Investors of record on Friday, May 6th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date was Thursday, May 5th. Howmet Aerospace’s payout ratio is currently 11.11%.

In other Howmet Aerospace news, CFO Ken Giacobbe sold 63,304 shares of the firm’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $36.31, for a total value of $2,298,568.24. Following the sale, the chief financial officer now directly owns 382,379 shares of the company’s stock, valued at approximately $13,884,181.49. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.64% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in HWM. AIA Group Ltd purchased a new position in shares of Howmet Aerospace in the 1st quarter worth about $36,000. CWM LLC purchased a new stake in shares of Howmet Aerospace during the 4th quarter valued at about $40,000. Sandy Spring Bank raised its holdings in shares of Howmet Aerospace by 1,200.0% during the 1st quarter. Sandy Spring Bank now owns 1,300 shares of the company’s stock valued at $47,000 after buying an additional 1,200 shares during the period. Shell Asset Management Co. raised its holdings in shares of Howmet Aerospace by 30.8% during the 1st quarter. Shell Asset Management Co. now owns 1,341 shares of the company’s stock valued at $48,000 after buying an additional 316 shares during the period. Finally, MFA Wealth Advisors LLC purchased a new stake in shares of Howmet Aerospace during the 3rd quarter valued at about $55,000. Institutional investors own 97.01% of the company’s stock.

Howmet Aerospace Company Profile (Get Rating)

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.

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Analyst Recommendations for Howmet Aerospace (NYSE:HWM)

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