Howmet Aerospace (NYSE:HWM) Given New $128.00 Price Target at Truist Financial

Howmet Aerospace (NYSE:HWM) had its price objective hoisted by Truist Financial from $123.00 to $128.00 in a research report report published on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also issued reports on HWM. Royal Bank of Canada lifted their price target on shares of Howmet Aerospace from $90.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Barclays lifted their price objective on shares of Howmet Aerospace from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. KeyCorp cut shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Benchmark upped their target price on Howmet Aerospace from $53.00 to $85.00 and gave the company a “buy” rating in a report on Friday, July 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.75.

Howmet Aerospace Stock Performance

NYSE HWM traded up $2.49 on Thursday, reaching $113.71. The stock had a trading volume of 1,537,156 shares, compared to its average volume of 2,950,627. The firm has a fifty day moving average of $100.04 and a two-hundred day moving average of $88.92. The company has a market cap of $46.41 billion, a P/E ratio of 50.21, a price-to-earnings-growth ratio of 1.45 and a beta of 1.46. Howmet Aerospace has a 1-year low of $48.39 and a 1-year high of $115.38. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.53 and a quick ratio of 0.74.

Howmet Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Friday, November 8th. Howmet Aerospace’s payout ratio is currently 14.16%.

Insider Transactions at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the completion of the transaction, the executive vice president now directly owns 92,687 shares of the company’s stock, valued at $8,985,077.78. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total value of $14,961,111.22. Following the transaction, the chief financial officer now owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the transaction, the executive vice president now owns 92,687 shares in the company, valued at $8,985,077.78. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.12% of the company’s stock.

Institutional Trading of Howmet Aerospace

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cultivar Capital Inc. purchased a new stake in shares of Howmet Aerospace in the second quarter worth $26,000. RiverPark Advisors LLC bought a new stake in Howmet Aerospace in the 3rd quarter worth approximately $26,000. LGT Financial Advisors LLC raised its holdings in shares of Howmet Aerospace by 278.7% during the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock worth $28,000 after acquiring an additional 262 shares in the last quarter. Hollencrest Capital Management purchased a new position in shares of Howmet Aerospace in the third quarter valued at $30,000. Finally, Rothschild Investment LLC purchased a new stake in Howmet Aerospace during the second quarter valued at $32,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

About Howmet Aerospace

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.