Truist Financial Issues Positive Forecast for Howmet Aerospace (NYSE:HWM) Stock Price

Howmet Aerospace (NYSE:HWM) had its price objective hoisted by Truist Financial from $161.00 to $192.00 in a report published on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts have also recently weighed in on HWM. The Goldman Sachs Group boosted their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Barclays lifted their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. lifted their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Wells Fargo & Company lifted their price objective on shares of Howmet Aerospace from $118.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Friday, May 2nd. Finally, BTIG Research reaffirmed a “buy” rating on shares of Howmet Aerospace in a research report on Monday, May 5th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.88.

Howmet Aerospace Stock Up 0.4%

Howmet Aerospace stock opened at $171.37 on Thursday. Howmet Aerospace has a fifty-two week low of $76.83 and a fifty-two week high of $177.25. The stock has a market cap of $69.18 billion, a PE ratio of 60.77, a price-to-earnings-growth ratio of 1.92 and a beta of 1.44. The firm’s 50-day simple moving average is $150.34 and its 200 day simple moving average is $132.46. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.09. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the company earned $0.53 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. Research analysts predict that Howmet Aerospace will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The firm also recently declared 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 dividend payout ratio (DPR) is currently 13.03%.

Insider Activity

In related news, EVP Neil Edward Marchuk sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The shares were 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 of the company’s stock, valued at approximately $20,903,607.27. This represents a 18.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Barbara Lou Shultz sold 1,250 shares of the company’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 transaction of $193,962.50. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 831,250 shares of company stock valued at $130,517,863 over the last quarter. Company insiders own 1.04% of the company’s stock.

Institutional Trading of Howmet Aerospace

Hedge funds and other institutional investors have recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp bought a new stake in Howmet Aerospace during the 4th quarter worth approximately $25,000. Meeder Asset Management Inc. increased its holdings in Howmet Aerospace by 208.1% during the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock worth $25,000 after acquiring an additional 154 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in Howmet Aerospace in the 4th quarter worth approximately $25,000. Washington Trust Advisors Inc. purchased a new position in Howmet Aerospace in the 4th quarter worth approximately $29,000. Finally, Kapitalo Investimentos Ltda purchased a new position in Howmet Aerospace in the 4th quarter worth approximately $30,000. 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.