Howmet Aerospace (NYSE:HWM) Price Target Raised to $125.00 at Deutsche Bank Aktiengesellschaft

Howmet Aerospace (NYSE:HWM) had its target price increased by investment analysts at Deutsche Bank Aktiengesellschaft from $106.00 to $125.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 22.51% from the company’s previous close.

HWM has been the topic of several other research reports. Royal Bank of Canada upped their price target on shares of Howmet Aerospace from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Truist Financial increased their price target on shares of Howmet Aerospace from $88.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. lifted their price target 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. Barclays raised their price objective on shares of Howmet Aerospace from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, Northcoast Research reiterated a “sell” rating and set a $70.00 target price on shares of Howmet Aerospace in a research report on Friday, June 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Howmet Aerospace has a consensus rating of “Moderate Buy” and an average target price of $95.07.

Howmet Aerospace Price Performance

NYSE:HWM opened at $102.03 on Thursday. The firm has a market cap of $41.65 billion, a PE ratio of 49.29, a price-to-earnings-growth ratio of 1.47 and a beta of 1.46. The company’s 50-day moving average price is $95.29 and its two-hundred day moving average price is $82.67. The company has a quick ratio of 0.74, a current ratio of 1.53 and a debt-to-equity ratio of 0.68. Howmet Aerospace has a 12 month low of $42.94 and a 12 month high of $103.00.

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

Insider Activity

In other Howmet Aerospace news, CFO Ken Giacobbe sold 154,909 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 155,135 shares of the company’s stock, valued at $14,982,938.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Howmet Aerospace news, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction on Thursday, August 22nd. The shares were 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 approximately $14,982,938.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Neil Edward Marchuk sold 70,637 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the sale, the executive vice president now directly owns 92,687 shares in the company, valued at $8,985,077.78. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.12% of the company’s stock.

Institutional Investors Weigh In On Howmet Aerospace

A number of institutional investors and hedge funds have recently made changes to their positions in HWM. Massmutual Trust Co. FSB ADV grew its position in shares of Howmet Aerospace by 6.8% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company’s stock valued at $195,000 after acquiring an additional 124 shares during the period. Cigna Investments Inc. New raised its stake in Howmet Aerospace by 3.8% in the second quarter. Cigna Investments Inc. New now owns 4,178 shares of the company’s stock valued at $324,000 after buying an additional 153 shares during the period. Bleakley Financial Group LLC lifted its position in shares of Howmet Aerospace by 3.2% in the first quarter. Bleakley Financial Group LLC now owns 5,080 shares of the company’s stock valued at $348,000 after buying an additional 158 shares during the last quarter. HB Wealth Management LLC boosted its stake in shares of Howmet Aerospace by 4.9% during the 2nd quarter. HB Wealth Management LLC now owns 3,664 shares of the company’s stock worth $284,000 after acquiring an additional 171 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Howmet Aerospace by 7.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,609 shares of the company’s stock worth $203,000 after acquiring an additional 178 shares during the period. Institutional investors own 90.46% of the company’s stock.

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.