Howmet Aerospace (NYSE:HWM) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Howmet Aerospace (NYSE:HWM) had its target price hoisted by Royal Bank of Canada from $165.00 to $200.00 in a research note issued to investors on Monday,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

Several other brokerages also recently issued reports on HWM. UBS Group upped their price objective on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. Benchmark increased their price target on Howmet Aerospace from $85.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, April 21st. Barclays raised their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Northcoast Research upgraded Howmet Aerospace from a “sell” rating to a “neutral” rating in a research note on Wednesday, April 9th. Finally, BTIG Research reiterated a “buy” rating on shares of Howmet Aerospace in a research report on Monday, May 5th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $134.59.

Howmet Aerospace Stock Down 1.4%

Shares of NYSE HWM opened at $172.88 on Monday. The firm’s 50-day moving average is $147.18 and its two-hundred day moving average is $131.55. The company has a market capitalization of $69.79 billion, a PE ratio of 61.31, a price-to-earnings-growth ratio of 1.92 and a beta of 1.44. Howmet Aerospace has a 12-month low of $76.83 and a 12-month high of $177.25. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. Howmet Aerospace’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 EPS. Equities analysts anticipate that Howmet Aerospace will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend was Friday, May 9th. Howmet Aerospace’s payout ratio is currently 13.03%.

Insider Activity at Howmet Aerospace

In related 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 directly owns 131,859 shares in the company, valued at approximately $20,903,607.27. This trade represents a 18.53% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Barbara Lou Shultz sold 1,250 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $155.17, for a total value of $193,962.50. Following the transaction, the vice president now directly owns 23,044 shares in the company, valued at $3,575,737.48. This trade represents a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 831,250 shares of company stock worth $130,517,863. 1.04% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Rise Advisors LLC lifted its holdings in Howmet Aerospace by 32.4% in the 1st quarter. Rise Advisors LLC now owns 270 shares of the company’s stock worth $35,000 after buying an additional 66 shares in the last quarter. Pinpoint Asset Management Ltd grew its stake in shares of Howmet Aerospace by 42.8% during the first quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company’s stock valued at $31,000 after acquiring an additional 71 shares in the last quarter. Hemington Wealth Management increased its position in shares of Howmet Aerospace by 46.6% during the first quarter. Hemington Wealth Management now owns 255 shares of the company’s stock worth $33,000 after acquiring an additional 81 shares during the last quarter. CVA Family Office LLC lifted its stake in shares of Howmet Aerospace by 15.7% in the first quarter. CVA Family Office LLC now owns 605 shares of the company’s stock worth $78,000 after acquiring an additional 82 shares in the last quarter. Finally, Mount Lucas Management LP boosted its holdings in Howmet Aerospace by 3.2% in the first quarter. Mount Lucas Management LP now owns 2,661 shares of the company’s stock valued at $345,000 after purchasing an additional 82 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

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.