Howmet Aerospace (NYSE:HWM) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of Howmet Aerospace (NYSE:HWM) from a buy rating to a hold rating in a report issued on Saturday morning.

A number of other brokerages also recently commented on HWM. Cowen reaffirmed a “buy” rating on shares of Howmet Aerospace in a research note on Friday, October 31st. Morgan Stanley set a $225.00 price target on shares of Howmet Aerospace and gave the stock an “overweight” rating in a report on Friday, October 31st. TD Cowen upped their price objective on Howmet Aerospace from $210.00 to $240.00 and gave the company a “buy” rating in a report on Friday, October 31st. Susquehanna set a $235.00 price objective on Howmet Aerospace and gave the stock a “positive” rating in a research report on Friday, October 31st. Finally, Industrial Alliance Securities set a $240.00 target price on Howmet Aerospace in a research note on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Howmet Aerospace currently has an average rating of “Moderate Buy” and an average target price of $222.82.

Howmet Aerospace Stock Performance

NYSE HWM opened at $218.24 on Friday. The stock’s fifty day moving average is $203.35 and its two-hundred day moving average is $191.51. The firm has a market capitalization of $87.75 billion, a P/E ratio of 61.30, a price-to-earnings-growth ratio of 2.08 and a beta of 1.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 2.35. Howmet Aerospace has a fifty-two week low of $105.04 and a fifty-two week high of $219.39.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, October 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Howmet Aerospace had a return on equity of 29.21% and a net margin of 18.18%.The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period last year, the company earned $0.81 EPS. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. Howmet Aerospace has set its FY 2025 guidance at 3.660-3.680 EPS and its Q4 2025 guidance at 0.940-0.960 EPS. On average, research 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 and hedge funds have recently modified their holdings of HWM. Brighton Jones LLC grew its position in Howmet Aerospace by 5.4% in the 4th quarter. Brighton Jones LLC now owns 2,548 shares of the company’s stock valued at $279,000 after acquiring an additional 130 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of Howmet Aerospace by 12.5% in the first quarter. Focus Partners Wealth now owns 17,351 shares of the company’s stock valued at $2,251,000 after purchasing an additional 1,928 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in shares of Howmet Aerospace in the first quarter valued at approximately $217,000. Acadian Asset Management LLC purchased a new stake in Howmet Aerospace during the 1st quarter worth approximately $399,000. Finally, Modern Wealth Management LLC acquired a new stake in Howmet Aerospace during the 1st quarter worth approximately $218,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Company Profile

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.