Brokerages Set Howmet Aerospace Inc. (NYSE:HWM) PT at $115.71

Shares of Howmet Aerospace Inc. (NYSE:HWM) have received an average recommendation of “Moderate Buy” from the seventeen analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $115.71.

HWM has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Susquehanna boosted their price objective on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research note on Thursday, November 7th. Royal Bank of Canada raised their target price on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. KeyCorp lowered shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Finally, Barclays increased their price objective on Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, November 11th.

Howmet Aerospace Trading Up 0.7 %

Shares of NYSE:HWM opened at $127.30 on Tuesday. The company has a market capitalization of $51.72 billion, a PE ratio of 48.59, a P/E/G ratio of 1.43 and a beta of 1.49. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. Howmet Aerospace has a 12-month low of $55.89 and a 12-month high of $129.10. The business’s fifty day simple moving average is $116.62 and its 200-day simple moving average is $104.28.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio is presently 12.21%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP raised its stake in shares of Howmet Aerospace by 47.6% during the 4th quarter. Allworth Financial LP now owns 1,959 shares of the company’s stock valued at $214,000 after buying an additional 632 shares during the last quarter. Principal Securities Inc. raised its position in shares of Howmet Aerospace by 23.9% in the fourth quarter. Principal Securities Inc. now owns 6,872 shares of the company’s stock worth $752,000 after acquiring an additional 1,325 shares during the period. Congress Asset Management Co. boosted its stake in shares of Howmet Aerospace by 0.9% during the 4th quarter. Congress Asset Management Co. now owns 1,282,137 shares of the company’s stock worth $140,227,000 after acquiring an additional 12,026 shares in the last quarter. Guyasuta Investment Advisors Inc. grew its position in shares of Howmet Aerospace by 1.4% during the 4th quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company’s stock valued at $838,000 after acquiring an additional 104 shares during the period. Finally, Nations Financial Group Inc. IA ADV purchased a new position in shares of Howmet Aerospace in the 4th quarter valued at about $248,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

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.