Barclays Increases Howmet Aerospace (NYSE:HWM) Price Target to $140.00

Howmet Aerospace (NYSE:HWM) had its price objective boosted by Barclays from $130.00 to $140.00 in a report released on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

HWM has been the topic of several other reports. Royal Bank of Canada boosted their price target on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Susquehanna boosted their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research report on Thursday, November 7th. Robert W. Baird boosted their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. KeyCorp lowered shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $123.28.

Howmet Aerospace Stock Performance

HWM opened at $138.16 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The stock’s 50 day moving average price is $120.86 and its two-hundred day moving average price is $109.29. The firm has a market capitalization of $55.96 billion, a P/E ratio of 48.99, a price-to-earnings-growth ratio of 1.51 and a beta of 1.50. Howmet Aerospace has a 12-month low of $62.80 and a 12-month high of $140.55.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. On average, equities analysts forecast that Howmet Aerospace will post 3.24 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, February 7th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 0.29%. Howmet Aerospace’s dividend payout ratio is 14.18%.

Institutional Trading of Howmet Aerospace

Large investors have recently made changes to their positions in the business. Creative Planning grew its holdings in Howmet Aerospace by 14.3% during the 3rd quarter. Creative Planning now owns 52,170 shares of the company’s stock worth $5,230,000 after acquiring an additional 6,537 shares during the last quarter. Vontobel Holding Ltd. grew its stake in shares of Howmet Aerospace by 5.7% during the third quarter. Vontobel Holding Ltd. now owns 3,876 shares of the company’s stock valued at $389,000 after purchasing an additional 208 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Howmet Aerospace by 50.3% during the third quarter. Blue Trust Inc. now owns 2,542 shares of the company’s stock valued at $255,000 after purchasing an additional 851 shares during the last quarter. Raymond James & Associates grew its stake in shares of Howmet Aerospace by 10.5% during the third quarter. Raymond James & Associates now owns 421,142 shares of the company’s stock valued at $42,219,000 after purchasing an additional 39,933 shares during the last quarter. Finally, Venture Visionary Partners LLC bought a new position in Howmet Aerospace in the 3rd quarter valued at $248,000. 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.