Howmet Aerospace (NYSE:HWM) Stock Price Expected to Rise, Benchmark Analyst Says

Howmet Aerospace (NYSE:HWM) had its price target raised by equities research analysts at Benchmark from $85.00 to $135.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Benchmark’s price target suggests a potential upside of 11.54% from the company’s previous close.

A number of other analysts have also issued reports on HWM. JPMorgan Chase & Co. boosted their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Morgan Stanley raised their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Barclays raised their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Truist Financial reduced their target price on Howmet Aerospace from $140.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday. Finally, The Goldman Sachs Group boosted their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.06.

Howmet Aerospace Stock Performance

HWM traded down $2.20 during trading hours on Monday, hitting $121.03. The stock had a trading volume of 156,446 shares, compared to its average volume of 2,741,123. Howmet Aerospace has a 1 year low of $62.80 and a 1 year high of $140.55. The company’s fifty day simple moving average is $128.40 and its 200 day simple moving average is $118.99. The stock has a market cap of $49.02 billion, a PE ratio of 42.93, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. Equities analysts anticipate that Howmet Aerospace will post 3.27 earnings per share for the current year.

Institutional Investors Weigh In On Howmet Aerospace

Several institutional investors have recently bought and sold shares of the stock. Vista Investment Partners LLC bought a new position in shares of Howmet Aerospace in the fourth quarter worth approximately $531,000. Genesis Private Wealth LLC bought a new stake in Howmet Aerospace in the 4th quarter worth $249,000. Ameritas Advisory Services LLC purchased a new position in shares of Howmet Aerospace in the fourth quarter valued at about $289,000. Geneos Wealth Management Inc. raised its stake in shares of Howmet Aerospace by 303.1% during the fourth quarter. Geneos Wealth Management Inc. now owns 10,960 shares of the company’s stock valued at $1,199,000 after acquiring an additional 8,241 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in shares of Howmet Aerospace by 150.5% during the fourth quarter. Park Avenue Securities LLC now owns 10,707 shares of the company’s stock worth $1,171,000 after purchasing an additional 6,433 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

About Howmet Aerospace

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.