Howmet Aerospace (NYSE:HWM) Reaches New 1-Year High – Still a Buy?

Howmet Aerospace Inc. (NYSE:HWM)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $129.95 and last traded at $128.11, with a volume of 3329770 shares changing hands. The stock had previously closed at $129.32.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on HWM shares. Wells Fargo & Company boosted their price target on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Sanford C. Bernstein boosted their price target on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Barclays boosted their price target on Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Royal Bank of Canada boosted their price target on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Bank of America boosted their price target on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $115.71.

Howmet Aerospace Stock Performance

The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The business has a 50-day moving average price of $118.43 and a 200 day moving average price of $107.45. The stock has a market capitalization of $52.05 billion, a P/E ratio of 48.90, a PEG ratio of 1.45 and a beta of 1.50.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be given a $0.10 dividend. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date is Friday, February 7th. Howmet Aerospace’s payout ratio is currently 12.21%.

Institutional Trading of Howmet Aerospace

Hedge funds have recently made changes to their positions in the stock. Terra Nova Asset Management LLC bought a new stake in shares of Howmet Aerospace in the 3rd quarter worth approximately $1,264,000. Stifel Financial Corp boosted its position in shares of Howmet Aerospace by 12.1% in the 3rd quarter. Stifel Financial Corp now owns 263,830 shares of the company’s stock worth $26,450,000 after purchasing an additional 28,568 shares in the last quarter. Vista Investment Partners LLC bought a new stake in shares of Howmet Aerospace in the 4th quarter worth approximately $531,000. Genesis Private Wealth LLC bought a new stake in shares of Howmet Aerospace in the 4th quarter worth approximately $249,000. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Howmet Aerospace by 135.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 26,159 shares of the company’s stock worth $2,622,000 after purchasing an additional 15,070 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

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.