Analysts Set Howmet Aerospace Inc. (NYSE:HWM) Target Price at $115.41

Shares of Howmet Aerospace Inc. (NYSE:HWM) have earned an average recommendation of “Moderate Buy” from the seventeen brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $115.59.

A number of analysts have issued reports on the company. Barclays raised their target price on Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Bank of America lifted their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Susquehanna lifted their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a report on Thursday, November 7th. Robert W. Baird lifted their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, KeyCorp lowered Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th.

Hedge Funds Weigh In On Howmet Aerospace

Several institutional investors have recently bought and sold shares of HWM. Cultivar Capital Inc. bought a new position in Howmet Aerospace in the 2nd quarter valued at $26,000. RiverPark Advisors LLC bought a new position in Howmet Aerospace in the 3rd quarter valued at $26,000. LGT Financial Advisors LLC raised its position in Howmet Aerospace by 278.7% in the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock valued at $28,000 after purchasing an additional 262 shares during the last quarter. Hollencrest Capital Management bought a new position in Howmet Aerospace in the 3rd quarter valued at $30,000. Finally, Rothschild Investment LLC bought a new position in Howmet Aerospace in the 2nd quarter valued at $32,000. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

HWM opened at $116.09 on Monday. The firm has a market capitalization of $47.16 billion, a P/E ratio of 43.96, a price-to-earnings-growth ratio of 1.59 and a beta of 1.48. The stock’s 50 day moving average price is $109.25 and its two-hundred day moving average price is $95.53. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. Howmet Aerospace has a 12-month low of $52.36 and a 12-month high of $120.71.

Howmet Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.32 annualized dividend and a yield of 0.28%. Howmet Aerospace’s payout ratio is 12.21%.

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.