Howmet Aerospace (NYSE:HWM) Price Target Raised to $350.00

Howmet Aerospace (NYSE:HWM) had its price objective boosted by research analysts at JPMorgan Chase & Co. from $310.00 to $350.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 23.21% from the company’s current price.

Other analysts have also recently issued reports about the company. Sanford C. Bernstein restated an “outperform” rating and issued a $318.00 target price on shares of Howmet Aerospace in a report on Tuesday, June 16th. Morgan Stanley reiterated an “overweight” rating and set a $335.00 price target on shares of Howmet Aerospace in a report on Monday. UBS Group boosted their price target on shares of Howmet Aerospace from $299.00 to $326.00 and gave the company a “neutral” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $320.00 target price on shares of Howmet Aerospace in a research note on Friday, May 8th. Finally, Citigroup increased their price target on shares of Howmet Aerospace from $303.00 to $311.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Seventeen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $315.67.

Howmet Aerospace Price Performance

HWM stock traded up $2.19 during mid-day trading on Monday, reaching $284.07. The company’s stock had a trading volume of 1,229,428 shares, compared to its average volume of 2,611,300. The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 0.71. The company’s 50 day moving average is $272.81 and its two-hundred day moving average is $254.16. Howmet Aerospace has a fifty-two week low of $169.45 and a fifty-two week high of $310.00. The stock has a market cap of $113.66 billion, a PE ratio of 61.28, a P/E/G ratio of 2.23 and a beta of 1.20.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.09. Howmet Aerospace had a return on equity of 33.91% and a net margin of 20.52%.The business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same period in the prior year, the business earned $0.91 earnings per share. The business’s revenue was up 24.1% compared to the same quarter last year. Howmet Aerospace has set its Q3 2026 guidance at 1.340-1.360 EPS and its FY 2026 guidance at 5.230-5.310 EPS. Equities research analysts expect that Howmet Aerospace will post 5 EPS for the current year.

Hedge Funds Weigh In On Howmet Aerospace

Several hedge funds have recently bought and sold shares of the company. Newbridge Financial Services Group Inc. boosted its holdings in Howmet Aerospace by 119.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock valued at $25,000 after acquiring an additional 73 shares during the period. Acumen Wealth Advisors LLC purchased a new stake in Howmet Aerospace during the fourth quarter worth about $25,000. West Paces Advisors Inc. purchased a new stake in Howmet Aerospace during the second quarter worth about $27,000. Sound Income Strategies LLC lifted its position in shares of Howmet Aerospace by 66.7% during the fourth quarter. Sound Income Strategies LLC now owns 125 shares of the company’s stock worth $28,000 after purchasing an additional 50 shares in the last quarter. Finally, Cornerstone Financial Management LLC purchased a new position in shares of Howmet Aerospace in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

About Howmet Aerospace

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.