Howmet Aerospace Inc. (NYSE:HWM) Given Average Rating of “Moderate Buy” by Analysts

Shares of Howmet Aerospace Inc. (NYSE:HWM) have been given a consensus rating of “Moderate Buy” by the seventeen ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $115.71.

Several research analysts have commented on the stock. Bank of America upped their target price on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Truist Financial increased their price objective on Howmet Aerospace from $128.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Sanford C. Bernstein boosted their price target on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Robert W. Baird raised their price target on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada raised their target price 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.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $126.52 on Tuesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. The firm has a market capitalization of $51.40 billion, a PE ratio of 48.29, a P/E/G ratio of 1.43 and a beta of 1.49. Howmet Aerospace has a 1-year low of $57.12 and a 1-year high of $129.10. The business’s fifty day moving average price is $116.98 and its two-hundred day moving average price is $105.13.

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, February 7th. Howmet Aerospace’s dividend payout ratio is currently 15.27%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. First Horizon Advisors Inc. boosted its stake in Howmet Aerospace by 8.7% in the 4th quarter. First Horizon Advisors Inc. now owns 3,551 shares of the company’s stock worth $388,000 after purchasing an additional 285 shares during the period. Navellier & Associates Inc. lifted its holdings in shares of Howmet Aerospace by 20.5% in the fourth quarter. Navellier & Associates Inc. now owns 82,050 shares of the company’s stock valued at $8,974,000 after purchasing an additional 13,956 shares in the last quarter. O Neil Global Advisors Inc. boosted its position in shares of Howmet Aerospace by 0.5% in the fourth quarter. O Neil Global Advisors Inc. now owns 19,527 shares of the company’s stock worth $2,136,000 after buying an additional 90 shares during the period. Compass Capital Corp MA ADV purchased a new position in shares of Howmet Aerospace during the fourth quarter valued at $2,109,000. Finally, Legacy Capital Group California Inc. acquired a new position in Howmet Aerospace during the fourth quarter valued at $928,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

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.