Wall Street Zen Upgrades Howmet Aerospace (NYSE:HWM) to “Buy”

Howmet Aerospace (NYSE:HWM) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Sunday.

A number of other equities analysts have also weighed in on HWM. Truist Financial set a $258.00 target price on shares of Howmet Aerospace in a research report on Friday, January 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Howmet Aerospace in a report on Wednesday, October 8th. Zacks Research downgraded Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. BNP Paribas Exane began coverage on Howmet Aerospace in a research report on Tuesday, November 18th. They set an “outperform” rating and a $240.00 price target on the stock. Finally, Citigroup boosted their price objective on shares of Howmet Aerospace from $246.00 to $255.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Howmet Aerospace has an average rating of “Moderate Buy” and an average target price of $224.53.

Howmet Aerospace Price Performance

HWM opened at $225.22 on Friday. Howmet Aerospace has a fifty-two week low of $105.04 and a fifty-two week high of $226.87. The firm has a 50-day moving average of $205.23 and a 200 day moving average of $193.40. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 2.35. The firm has a market cap of $90.55 billion, a P/E ratio of 63.26, a PEG ratio of 2.13 and a beta of 1.29.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the previous year, the company earned $0.81 earnings per share. The company’s quarterly revenue 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 expect that Howmet Aerospace will post 3.27 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HWM. Brighton Jones LLC increased its position in Howmet Aerospace by 5.4% during the fourth quarter. Brighton Jones LLC now owns 2,548 shares of the company’s stock worth $279,000 after purchasing an additional 130 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Howmet Aerospace during the 1st quarter valued at approximately $399,000. Sivia Capital Partners LLC purchased a new stake in shares of Howmet Aerospace during the 2nd quarter valued at approximately $216,000. Kingstone Capital Partners Texas LLC acquired a new position in Howmet Aerospace in the second quarter valued at approximately $6,167,000. Finally, Perpetual Ltd purchased a new position in Howmet Aerospace in the second quarter worth approximately $246,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

About Howmet Aerospace

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.