Howmet Aerospace Inc. (NYSE:HWM) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Howmet Aerospace Inc. (NYSE:HWM) has earned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $90.67.

HWM has been the subject of a number of research analyst reports. BTIG Research increased their target price on shares of Howmet Aerospace from $95.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Truist Financial increased their target price on shares of Howmet Aerospace from $88.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Robert W. Baird increased their target price on shares of Howmet Aerospace from $84.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. increased their target price on shares of Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada increased their price objective on shares of Howmet Aerospace from $90.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st.

Howmet Aerospace Trading Down 2.9 %

Shares of HWM stock opened at $91.47 on Friday. The firm has a market cap of $37.34 billion, a P/E ratio of 44.19, a PEG ratio of 1.44 and a beta of 1.46. Howmet Aerospace has a 1-year low of $42.94 and a 1-year high of $98.15. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.53 and a quick ratio of 0.74. The firm’s 50-day simple moving average is $88.17 and its 200-day simple moving average is $78.34.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Tuesday, July 30th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.07. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.83 billion. Howmet Aerospace had a net margin of 13.15% and a return on equity of 23.02%. The company’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. As a group, equities analysts forecast that Howmet Aerospace will post 2.59 EPS for the current year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Friday, August 9th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, August 9th. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.05. This represents a $0.32 annualized dividend and a yield of 0.35%. Howmet Aerospace’s dividend payout ratio (DPR) is 15.46%.

Insider Buying and Selling

In related news, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the transaction, the chief financial officer now directly owns 155,135 shares in the company, valued at $14,982,938.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Howmet Aerospace news, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total value of $14,961,111.22. Following the sale, the chief financial officer now directly owns 155,135 shares in the company, valued at $14,982,938.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Neil Edward Marchuk sold 70,637 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $96.94, for a total value of $6,847,550.78. Following the completion of the sale, the executive vice president now owns 92,687 shares in the company, valued at $8,985,077.78. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Howmet Aerospace

A number of hedge funds have recently added to or reduced their stakes in HWM. Cultivar Capital Inc. acquired a new position in shares of Howmet Aerospace during the second quarter valued at $26,000. LGT Financial Advisors LLC increased its holdings in shares of Howmet Aerospace by 278.7% during the second quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock valued at $28,000 after purchasing an additional 262 shares during the period. Rothschild Investment LLC acquired a new position in shares of Howmet Aerospace during the second quarter valued at $32,000. Versant Capital Management Inc increased its holdings in shares of Howmet Aerospace by 1,209.1% during the second quarter. Versant Capital Management Inc now owns 432 shares of the company’s stock valued at $34,000 after purchasing an additional 399 shares during the period. Finally, Whittier Trust Co. increased its holdings in shares of Howmet Aerospace by 81.4% during the first quarter. Whittier Trust Co. now owns 508 shares of the company’s stock valued at $35,000 after purchasing an additional 228 shares during the period. 90.46% of the stock is currently 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.