Howmet Aerospace Inc. (NYSE:HWM) Short Interest Up 7.6% in December

Howmet Aerospace Inc. (NYSE:HWM – Get Rating) saw a large increase in short interest in December. As of December 30th, there was short interest totalling 5,390,000 shares, an increase of 7.6% from the December 15th total of 5,010,000 shares. Based on an average daily volume of 2,970,000 shares, the short-interest ratio is presently 1.8 days. Currently, 1.5% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HWM. Vanguard Group Inc. increased its stake in shares of Howmet Aerospace by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 41,896,484 shares of the company’s stock valued at $1,295,859,000 after acquiring an additional 449,248 shares in the last quarter. Boston Partners increased its stake in shares of Howmet Aerospace by 2.7% in the 3rd quarter. Boston Partners now owns 21,112,872 shares of the company’s stock valued at $655,335,000 after acquiring an additional 563,403 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Howmet Aerospace by 4.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 18,888,288 shares of the company’s stock valued at $594,036,000 after acquiring an additional 881,560 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Howmet Aerospace by 46,868.0% in the 3rd quarter. Bessemer Group Inc. now owns 5,192,316 shares of the company’s stock valued at $160,596,000 after acquiring an additional 5,181,261 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Howmet Aerospace by 7.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,651,300 shares of the company’s stock valued at $114,833,000 after acquiring an additional 251,148 shares in the last quarter. Institutional investors own 91.49% of the company’s stock.

Howmet Aerospace Stock Up 0.7 %

Howmet Aerospace stock opened at $38.70 on Monday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.89 and a current ratio of 2.06. Howmet Aerospace has a 52-week low of $29.35 and a 52-week high of $41.02. The firm has a 50 day moving average price of $38.65 and a two-hundred day moving average price of $36.32. The firm has a market cap of $16.01 billion, a price-to-earnings ratio of 37.57, a PEG ratio of 0.94 and a beta of 1.53.

Howmet Aerospace (NYSE:HWM – Get Rating) last released its quarterly earnings results on Monday, October 31st. The company reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. Howmet Aerospace had a net margin of 8.00% and a return on equity of 16.76%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the business earned $0.27 EPS. The company’s revenue was up 11.7% compared to the same quarter last year. Equities analysts predict that Howmet Aerospace will post 1.4 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HWM. Wolfe Research restated an “outperform” rating and issued a $44.00 price target on shares of Howmet Aerospace in a research note on Tuesday, October 11th. Bank of America initiated coverage on shares of Howmet Aerospace in a research note on Monday, October 10th. They issued a “buy” rating and a $40.00 price target on the stock. Wells Fargo & Company lifted their target price on shares of Howmet Aerospace from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 9th. Truist Financial lifted their target price on shares of Howmet Aerospace from $32.00 to $35.00 in a research report on Monday, January 9th. Finally, KeyCorp lifted their target price on shares of Howmet Aerospace from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 21st. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $41.78.

About Howmet Aerospace

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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.