Howmet Aerospace (NYSE:HWM) Hits New 1-Year High at $77.88

Howmet Aerospace Inc. (NYSE:HWM)’s share price reached a new 52-week high on Thursday . The stock traded as high as $77.88 and last traded at $77.01, with a volume of 1610642 shares changing hands. The stock had previously closed at $66.78.

Analysts Set New Price Targets

HWM has been the subject of several research reports. Truist Financial upgraded shares of Howmet Aerospace from a “hold” rating to a “buy” rating and lifted their target price for the company from $47.00 to $74.00 in a report on Wednesday, January 10th. Benchmark restated a “buy” rating and issued a $53.00 price target on shares of Howmet Aerospace in a research note on Friday, April 19th. KeyCorp boosted their price target on shares of Howmet Aerospace from $60.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 21st. Barclays boosted their price target on shares of Howmet Aerospace from $60.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 20th. Finally, The Goldman Sachs Group boosted their price target on shares of Howmet Aerospace from $65.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $66.00.

Howmet Aerospace Stock Up 15.8 %

The business’s fifty day moving average price is $66.20 and its 200 day moving average price is $57.60. The company has a quick ratio of 0.87, a current ratio of 1.86 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $31.59 billion, a PE ratio of 42.04, a PEG ratio of 1.74 and a beta of 1.41.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Tuesday, February 13th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. Howmet Aerospace had a net margin of 11.52% and a return on equity of 20.12%. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the prior year, the company earned $0.38 earnings per share. The business’s revenue was up 14.4% compared to the same quarter last year. On average, equities research analysts forecast that Howmet Aerospace Inc. will post 2.18 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Friday, May 10th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.20 annualized dividend and a yield of 0.26%. Howmet Aerospace’s payout ratio is currently 10.93%.

Insiders Place Their Bets

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 45,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $67.44, for a total value of $3,034,800.00. Following the sale, the executive vice president now owns 229,568 shares of the company’s stock, valued at $15,482,065.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.12% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Howmet Aerospace

Large investors have recently bought and sold shares of the stock. Venturi Wealth Management LLC increased its position in shares of Howmet Aerospace by 61.3% in the third quarter. Venturi Wealth Management LLC now owns 558 shares of the company’s stock worth $26,000 after acquiring an additional 212 shares in the last quarter. Headinvest LLC acquired a new stake in shares of Howmet Aerospace in the third quarter worth $30,000. Lindbrook Capital LLC grew its holdings in Howmet Aerospace by 34.4% during the 4th quarter. Lindbrook Capital LLC now owns 894 shares of the company’s stock valued at $48,000 after purchasing an additional 229 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Howmet Aerospace by 62.9% during the 4th quarter. Quadrant Capital Group LLC now owns 976 shares of the company’s stock valued at $53,000 after purchasing an additional 377 shares in the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in Howmet Aerospace during the 1st quarter valued at $68,000. Hedge funds and other 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.