Howmet Aerospace (NYSE:HWM) Shares Cross Above 50-Day Moving Average – Should You Sell?

Shares of Howmet Aerospace Inc. (NYSE:HWM) passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $221.28 and traded as high as $225.58. Howmet Aerospace shares last traded at $223.6610, with a volume of 3,000,669 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on HWM shares. Citigroup reiterated a “buy” rating on shares of Howmet Aerospace in a research note on Tuesday, October 27th. Weiss Ratings upgraded Howmet Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 19th. Guggenheim assumed coverage on Howmet Aerospace in a research note on Monday, September 14th. They issued a “buy” rating and a $350.00 price target on the stock. UBS Group lowered their price target on Howmet Aerospace from $255.00 to $230.00 and set a “neutral” rating on the stock in a research note on Friday, October 30th. Finally, Zacks Research cut Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $295.81.

Howmet Aerospace Trading Down 1.1%

The stock has a market capitalization of $87.77 billion, a PE ratio of 44.09, a P/E/G ratio of 1.63 and a beta of 1.31. The company’s 50 day moving average price is $219.89 and its two-hundred day moving average price is $248.29. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.86 and a quick ratio of 0.90.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, October 29th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.09. The company had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Howmet Aerospace had a net margin of 21.10% and a return on equity of 36.44%. Howmet Aerospace’s revenue was up 29.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.95 EPS. As a group, analysts expect that Howmet Aerospace Inc. will post 5.49 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Friday, November 6th will be given a $0.14 dividend. The ex-dividend date is Friday, November 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.3%. Howmet Aerospace’s dividend payout ratio is 10.96%.

Hedge Funds Weigh In On Howmet Aerospace

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of Howmet Aerospace during the 2nd quarter worth $12,318,939,000. State Street Corp boosted its position in shares of Howmet Aerospace by 3.3% during the 2nd quarter. State Street Corp now owns 18,933,928 shares of the company’s stock valued at $5,090,576,000 after acquiring an additional 612,866 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Howmet Aerospace by 1.7% during the 1st quarter. Bank of America Corp DE now owns 10,728,447 shares of the company’s stock valued at $2,472,478,000 after acquiring an additional 177,533 shares during the last quarter. Jupiter Topco LLC purchased a new stake in shares of Howmet Aerospace in the second quarter valued at about $2,065,086,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Howmet Aerospace in the second quarter valued at about $1,099,765,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Company Profile

Howmet Aerospace designs and manufactures engineered metal products for the aerospace, commercial transportation and industrial markets. Its products include components for aircraft engines and airframes, fastening systems, and forged aluminum wheels for commercial trucks. The company operates through businesses focused on engine products, fastening systems, engineered structures and forged wheels. Its components and systems are used by aerospace manufacturers and suppliers, as well as customers in transportation and other industrial sectors.