JPMorgan Chase & Co. Issues Positive Forecast for Howmet Aerospace (NYSE:HWM) Stock Price

Howmet Aerospace (NYSE:HWM) had its target price increased by JPMorgan Chase & Co. from $125.00 to $130.00 in a research report released on Friday,Benzinga reports. The firm currently has an overweight rating on the stock.

Other research analysts have also issued reports about the company. Wells Fargo & Company increased their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Truist Financial increased their price objective on Howmet Aerospace from $128.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. KeyCorp lowered Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Bank of America increased their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Barclays increased their price objective on Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and an average price target of $117.76.

Howmet Aerospace Trading Up 4.4 %

Shares of NYSE:HWM opened at $133.66 on Friday. The business’s 50-day moving average is $118.75 and its 200 day moving average is $107.74. Howmet Aerospace has a 1 year low of $62.70 and a 1 year high of $133.92. The firm has a market capitalization of $54.30 billion, a P/E ratio of 51.02, a P/E/G ratio of 1.45 and a beta of 1.50. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a return on equity of 24.50% and a net margin of 14.81%. On average, research analysts predict that Howmet Aerospace will post 2.66 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio is currently 12.21%.

Hedge Funds Weigh In On Howmet Aerospace

A number of hedge funds have recently bought and sold shares of HWM. Murphy & Mullick Capital Management Corp purchased a new position in Howmet Aerospace during the fourth quarter worth approximately $25,000. Meeder Asset Management Inc. boosted its position in Howmet Aerospace by 208.1% during the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock worth $25,000 after purchasing an additional 154 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Howmet Aerospace in the fourth quarter valued at approximately $25,000. RiverPark Advisors LLC purchased a new position in shares of Howmet Aerospace in the third quarter valued at approximately $26,000. Finally, R Squared Ltd purchased a new position in shares of Howmet Aerospace in the fourth quarter valued at approximately $26,000. Hedge funds and other 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.