KeyCorp Increases Howmet Aerospace (NYSE:HWM) Price Target to $105.00

Howmet Aerospace (NYSE:HWM) had its target price upped by stock analysts at KeyCorp from $90.00 to $105.00 in a report issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s price objective points to a potential upside of 11.24% from the stock’s previous close.

Several other research firms have also recently weighed in on HWM. Northcoast Research reiterated a “sell” rating and set a $70.00 price objective on shares of Howmet Aerospace in a report on Friday, June 14th. Barclays lifted their price objective on Howmet Aerospace from $65.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, May 6th. Wells Fargo & Company lifted their price objective on Howmet Aerospace from $72.00 to $88.00 and gave the company an “overweight” rating in a report on Monday, May 6th. The Goldman Sachs Group lifted their price objective on Howmet Aerospace from $77.00 to $87.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Finally, Argus boosted their target price on Howmet Aerospace from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, May 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Howmet Aerospace has a consensus rating of “Moderate Buy” and an average target price of $84.88.

Howmet Aerospace Trading Down 1.4 %

HWM stock traded down $1.31 during midday trading on Thursday, reaching $94.39. The stock had a trading volume of 1,437,712 shares, compared to its average volume of 3,230,643. The business has a fifty day simple moving average of $81.62 and a two-hundred day simple moving average of $71.62. The company has a quick ratio of 0.92, a current ratio of 1.53 and a debt-to-equity ratio of 0.68. The firm has a market cap of $38.53 billion, a price-to-earnings ratio of 45.60, a PEG ratio of 1.60 and a beta of 1.45. Howmet Aerospace has a twelve month low of $42.94 and a twelve month high of $97.29.

Howmet Aerospace (NYSE:HWM) last posted its earnings results 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 return on equity of 23.02% and a net margin of 13.15%. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.44 EPS. As a group, research analysts expect that Howmet Aerospace will post 2.55 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Neil Edward Marchuk sold 32,614 shares of the business’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 transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.12% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blair William & Co. IL grew its holdings in Howmet Aerospace by 51.6% in the 1st quarter. Blair William & Co. IL now owns 25,488 shares of the company’s stock valued at $1,744,000 after buying an additional 8,676 shares in the last quarter. Los Angeles Capital Management LLC lifted its position in shares of Howmet Aerospace by 70.1% during the 1st quarter. Los Angeles Capital Management LLC now owns 1,273,290 shares of the company’s stock valued at $87,131,000 after acquiring an additional 524,805 shares during the period. Quadrature Capital Ltd lifted its position in shares of Howmet Aerospace by 303.8% during the 4th quarter. Quadrature Capital Ltd now owns 23,629 shares of the company’s stock valued at $1,279,000 after acquiring an additional 17,777 shares during the period. National Bank of Canada FI lifted its position in shares of Howmet Aerospace by 39.0% during the 4th quarter. National Bank of Canada FI now owns 120,557 shares of the company’s stock valued at $6,477,000 after acquiring an additional 33,844 shares during the period. Finally, First Trust Direct Indexing L.P. lifted its position in shares of Howmet Aerospace by 24.8% during the 4th quarter. First Trust Direct Indexing L.P. now owns 6,381 shares of the company’s stock valued at $345,000 after acquiring an additional 1,269 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

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.