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

Howmet Aerospace Inc. (NYSE:HWM) has been given an average rating of “Moderate Buy” by the seventeen research firms that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $132.53.

HWM has been the subject of a number of recent research reports. Morgan Stanley raised their target price on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Benchmark raised their price target on Howmet Aerospace from $85.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, April 21st. JPMorgan Chase & Co. raised their price target on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Northcoast Research raised Howmet Aerospace from a “sell” rating to a “neutral” rating in a report on Wednesday, April 9th. Finally, Wells Fargo & Company raised their price target on Howmet Aerospace from $118.00 to $145.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $169.98 on Monday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The business has a fifty day simple moving average of $142.16 and a two-hundred day simple moving average of $129.12. Howmet Aerospace has a 1 year low of $76.83 and a 1 year high of $171.52. The company has a market capitalization of $68.62 billion, a P/E ratio of 60.28, a P/E/G ratio of 1.92 and a beta of 1.37.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the business posted $0.53 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts expect that Howmet Aerospace will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a yield of 0.24%. Howmet Aerospace’s payout ratio is 13.03%.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 30,000 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $158.53, for a total transaction of $4,755,900.00. Following the sale, the executive vice president now owns 131,859 shares in the company, valued at $20,903,607.27. This trade represents a 18.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Barbara Lou Shultz sold 1,250 shares of the firm’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $155.17, for a total value of $193,962.50. Following the sale, the vice president now owns 23,044 shares in the company, valued at $3,575,737.48. The trade was a 5.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 831,250 shares of company stock worth $130,517,863 over the last 90 days. Corporate insiders own 1.04% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Strs Ohio purchased a new position in shares of Howmet Aerospace in the first quarter worth about $32,547,000. WBI Investments LLC purchased a new position in shares of Howmet Aerospace in the first quarter worth about $786,000. Acadian Asset Management LLC purchased a new position in shares of Howmet Aerospace in the first quarter worth about $399,000. Geneos Wealth Management Inc. increased its holdings in shares of Howmet Aerospace by 10.2% in the first quarter. Geneos Wealth Management Inc. now owns 12,079 shares of the company’s stock worth $1,567,000 after buying an additional 1,119 shares during the period. Finally, Belpointe Asset Management LLC purchased a new position in shares of Howmet Aerospace in the first quarter worth about $217,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

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.