Robert W. Baird Increases Howmet Aerospace (NYSE:HWM) Price Target to $113.00

Howmet Aerospace (NYSE:HWM) had its price target hoisted by research analysts at Robert W. Baird from $84.00 to $113.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 20.46% from the company’s previous close.

A number of other brokerages have also recently commented on HWM. BTIG Research began coverage on Howmet Aerospace in a research note on Wednesday, June 26th. They set a “buy” rating and a $95.00 price objective on the stock. Northcoast Research reissued a “sell” rating and set a $70.00 price target on shares of Howmet Aerospace in a research report on Friday, June 14th. Wells Fargo & Company increased their price objective on shares of Howmet Aerospace from $72.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday, May 6th. The Goldman Sachs Group lifted their price objective on shares of Howmet Aerospace from $77.00 to $87.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Finally, Benchmark upped their target price on shares of Howmet Aerospace from $53.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, July 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $79.47.

Howmet Aerospace Stock Up 13.2 %

HWM opened at $93.81 on Wednesday. The company has a market cap of $38.29 billion, a PE ratio of 45.32, a price-to-earnings-growth ratio of 1.51 and a beta of 1.45. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.92 and a current ratio of 1.97. Howmet Aerospace has a 1 year low of $42.94 and a 1 year high of $94.89. The firm has a 50 day moving average price of $81.38 and a 200 day moving average price of $71.45.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.07. The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.83 billion. Howmet Aerospace had a net margin of 12.53% and a return on equity of 21.33%. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 earnings per share. Sell-side analysts expect that Howmet Aerospace will post 2.39 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Neil Edward Marchuk sold 32,614 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $84.26, for a total transaction of $2,748,055.64. Following the sale, the executive vice president now directly owns 217,687 shares of the company’s stock, valued at approximately $18,342,306.62. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.12% of the company’s stock.

Institutional Investors Weigh In On Howmet Aerospace

Several institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. raised its position in shares of Howmet Aerospace by 3.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 32,642 shares of the company’s stock worth $1,767,000 after purchasing an additional 1,075 shares during the period. Blue Trust Inc. increased its position in Howmet Aerospace by 33.1% in the fourth quarter. Blue Trust Inc. now owns 1,089 shares of the company’s stock worth $59,000 after buying an additional 271 shares during the period. Arizona State Retirement System lifted its stake in Howmet Aerospace by 0.5% in the fourth quarter. Arizona State Retirement System now owns 107,627 shares of the company’s stock valued at $5,825,000 after buying an additional 511 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Howmet Aerospace by 1.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 155,340 shares of the company’s stock valued at $8,405,000 after acquiring an additional 2,313 shares during the period. Finally, Avitas Wealth Management LLC grew its position in shares of Howmet Aerospace by 2.9% during the fourth quarter. Avitas Wealth Management LLC now owns 23,965 shares of the company’s stock worth $1,297,000 after acquiring an additional 667 shares during the last quarter. Institutional investors and hedge funds 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.