Howmet Aerospace (NYSE:HWM) PT Raised to $105.00 at Truist Financial

Howmet Aerospace (NYSE:HWM) had its price target increased by investment analysts at Truist Financial from $88.00 to $105.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price target suggests a potential upside of 10.68% from the stock’s current price.

HWM has been the subject of several other reports. Robert W. Baird lifted their price target on Howmet Aerospace from $84.00 to $113.00 and gave the company an “outperform” rating in a research report on Wednesday. BTIG Research initiated coverage on Howmet Aerospace in a research report on Wednesday, June 26th. They set a “buy” rating and a $95.00 price target for the company. KeyCorp lifted their price target on Howmet Aerospace from $70.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Barclays raised 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. Finally, Benchmark raised their price objective on Howmet Aerospace from $53.00 to $85.00 and gave the company a “buy” rating in a report on Friday, July 12th. One 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’s stock. According to data from MarketBeat, Howmet Aerospace presently has an average rating of “Moderate Buy” and an average target price of $84.88.

Howmet Aerospace Trading Down 0.9 %

Shares of NYSE:HWM opened at $94.87 on Wednesday. Howmet Aerospace has a 52-week low of $42.94 and a 52-week high of $97.29. The stock has a market cap of $38.72 billion, a price-to-earnings ratio of 45.83, a PEG ratio of 1.73 and a beta of 1.45. 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 business has a 50-day moving average price of $81.87 and a 200-day moving average price of $71.78.

Howmet Aerospace (NYSE:HWM) last announced 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. Howmet Aerospace had a return on equity of 23.02% and a net margin of 13.15%. The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period last year, the business posted $0.44 earnings per share. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. Equities analysts predict that Howmet Aerospace will post 2.4 EPS for the current year.

Insider Buying and Selling

In related news, EVP Neil Edward Marchuk sold 32,614 shares of Howmet Aerospace 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 owns 217,687 shares in the company, valued at $18,342,306.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.12% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Howmet Aerospace

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cultivar Capital Inc. purchased a new stake in Howmet Aerospace in the second quarter valued at $26,000. Rothschild Investment LLC purchased a new stake in Howmet Aerospace in the second quarter valued at $32,000. Versant Capital Management Inc raised its position in Howmet Aerospace by 1,209.1% in the second quarter. Versant Capital Management Inc now owns 432 shares of the company’s stock valued at $34,000 after purchasing an additional 399 shares during the period. Whittier Trust Co. raised its position in Howmet Aerospace by 81.4% in the first quarter. Whittier Trust Co. now owns 508 shares of the company’s stock valued at $35,000 after purchasing an additional 228 shares during the period. Finally, AlphaCentric Advisors LLC purchased a new stake in Howmet Aerospace in the second quarter valued at $36,000. 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.