Howmet Aerospace Inc. (NYSE:HWM) Receives $115.59 Consensus Target Price from Brokerages

Howmet Aerospace Inc. (NYSE:HWM) has been assigned a consensus rating of “Moderate Buy” from the seventeen brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $115.59.

HWM has been the subject of several recent research reports. Sanford C. Bernstein upped their price target on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Barclays increased their target price on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Susquehanna boosted their price target on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a report on Thursday, November 7th. Royal Bank of Canada increased their price objective on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Robert W. Baird boosted their target price on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th.

Institutional Investors Weigh In On Howmet Aerospace

Several institutional investors have recently added to or reduced their stakes in the business. RiverPark Advisors LLC bought a new stake in shares of Howmet Aerospace in the third quarter valued at approximately $26,000. LGT Financial Advisors LLC raised its holdings in Howmet Aerospace by 278.7% during the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock valued at $28,000 after acquiring an additional 262 shares during the period. Hollencrest Capital Management purchased a new stake in shares of Howmet Aerospace during the third quarter worth $30,000. Rothschild Investment LLC bought a new position in shares of Howmet Aerospace in the second quarter worth $32,000. Finally, Assetmark Inc. grew its position in shares of Howmet Aerospace by 40.0% in the third quarter. Assetmark Inc. now owns 441 shares of the company’s stock valued at $44,000 after purchasing an additional 126 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Performance

Shares of HWM opened at $111.54 on Friday. The firm has a market capitalization of $45.31 billion, a P/E ratio of 42.57, a P/E/G ratio of 1.56 and a beta of 1.49. Howmet Aerospace has a 52 week low of $52.73 and a 52 week high of $120.71. The stock has a 50 day moving average price of $112.69 and a two-hundred day moving average price of $99.59. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24.

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.