The Goldman Sachs Group Boosts Howmet Aerospace (NYSE:HWM) Price Target to $77.00

Howmet Aerospace (NYSE:HWM) had its price objective lifted by The Goldman Sachs Group from $65.00 to $77.00 in a research report report published on Tuesday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

A number of other brokerages have also commented on HWM. Robert W. Baird increased their price objective on shares of Howmet Aerospace from $65.00 to $74.00 and gave the stock an outperform rating in a report on Monday, April 8th. JPMorgan Chase & Co. raised their target price on shares of Howmet Aerospace from $55.00 to $60.00 and gave the company an overweight rating in a research note on Wednesday, February 14th. Sanford C. Bernstein began coverage on shares of Howmet Aerospace in a research note on Friday, January 5th. They issued an outperform rating and a $67.00 target price on the stock. Royal Bank of Canada began coverage on shares of Howmet Aerospace in a research note on Monday, March 18th. They issued an outperform rating and a $75.00 target price on the stock. Finally, KeyCorp raised their target price on shares of Howmet Aerospace from $60.00 to $70.00 and gave the company an overweight rating in a research note on Wednesday, February 21st. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $66.00.

Howmet Aerospace Stock Up 0.1 %

Shares of NYSE:HWM opened at $63.50 on Tuesday. Howmet Aerospace has a 12 month low of $42.17 and a 12 month high of $69.55. The company’s 50-day moving average price is $65.61 and its two-hundred day moving average price is $56.29. The company has a quick ratio of 0.87, a current ratio of 1.86 and a debt-to-equity ratio of 0.88. The firm has a market cap of $25.93 billion, a P/E ratio of 34.70, a P/E/G ratio of 1.67 and a beta of 1.43.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. Howmet Aerospace had a net margin of 11.52% and a return on equity of 20.12%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the firm earned $0.38 EPS. The company’s revenue was up 14.4% on a year-over-year basis. As a group, research analysts forecast that Howmet Aerospace will post 2.18 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 26th. Shareholders of record on Friday, February 9th were issued a $0.05 dividend. The ex-dividend date was Thursday, February 8th. This represents a $0.20 annualized dividend and a yield of 0.31%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 10.93%.

Insiders Place Their Bets

In other Howmet Aerospace 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 value of $3,034,800.00. Following the sale, the executive vice president now directly owns 229,568 shares in the company, valued at $15,482,065.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.23% of the company’s stock.

Institutional Investors Weigh In On Howmet Aerospace

Several large investors have recently made changes to their positions in the stock. Valeo Financial Advisors LLC increased its position in shares of Howmet Aerospace by 4.6% during the fourth quarter. Valeo Financial Advisors LLC now owns 4,571 shares of the company’s stock worth $247,000 after acquiring an additional 200 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Howmet Aerospace by 10.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,259 shares of the company’s stock valued at $122,000 after purchasing an additional 205 shares in the last quarter. Venturi Wealth Management LLC grew its position in Howmet Aerospace by 61.3% in the third quarter. Venturi Wealth Management LLC now owns 558 shares of the company’s stock valued at $26,000 after purchasing an additional 212 shares in the last quarter. Lindbrook Capital LLC grew its position 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 purchasing an additional 229 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in Howmet Aerospace by 2.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,746 shares of the company’s stock valued at $872,000 after purchasing an additional 246 shares in the last quarter. 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.