Sanford C. Bernstein Raises Howmet Aerospace (NYSE:HWM) Price Target to $127.00

Howmet Aerospace (NYSE:HWM) had its target price boosted by Sanford C. Bernstein from $113.00 to $127.00 in a research report released on Monday morning, Benzinga reports. Sanford C. Bernstein currently has an outperform rating on the stock.

Several other equities research analysts have also recently commented on HWM. KeyCorp lifted their price target on shares of Howmet Aerospace from $90.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Susquehanna assumed coverage on shares of Howmet Aerospace in a research report on Tuesday, October 8th. They set a “positive” rating and a $120.00 price target for the company. JPMorgan Chase & Co. lifted their price target on shares of Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Truist Financial lifted their price target on shares of Howmet Aerospace from $105.00 to $123.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, BTIG Research lifted their price target on shares of Howmet Aerospace from $95.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and an average target price of $101.50.

Howmet Aerospace Trading Up 0.2 %

HWM opened at $102.83 on Monday. The company has a current ratio of 1.53, a quick ratio of 0.74 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $41.97 billion, a PE ratio of 49.68, a PEG ratio of 1.51 and a beta of 1.46. Howmet Aerospace has a 1-year low of $42.94 and a 1-year high of $106.93. The firm has a 50-day moving average price of $98.58 and a two-hundred day moving average price of $86.12.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.07. Howmet Aerospace had a net margin of 13.15% and a return on equity of 23.02%. The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter last year, the company posted $0.44 EPS. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, equities analysts anticipate that Howmet Aerospace will post 2.59 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend is Friday, November 8th. Howmet Aerospace’s dividend payout ratio is presently 15.46%.

Insider Transactions at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 70,637 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the transaction, the executive vice president now directly owns 92,687 shares in the company, valued at approximately $8,985,077.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Ken Giacobbe sold 154,909 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the transaction, the chief financial officer now directly owns 155,135 shares in the company, valued at approximately $14,982,938.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Neil Edward Marchuk sold 70,637 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the transaction, the executive vice president now owns 92,687 shares in the company, valued at approximately $8,985,077.78. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Howmet Aerospace

Institutional investors have recently added to or reduced their stakes in the company. Cultivar Capital Inc. acquired a new position in Howmet Aerospace during the second quarter worth $26,000. LGT Financial Advisors LLC increased its holdings in shares of Howmet Aerospace by 278.7% in the second quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock valued at $28,000 after purchasing an additional 262 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of Howmet Aerospace in the second quarter valued at $32,000. Versant Capital Management Inc increased its holdings in shares of Howmet Aerospace by 1,209.1% in the second quarter. Versant Capital Management Inc now owns 432 shares of the company’s stock valued at $34,000 after purchasing an additional 399 shares during the last quarter. Finally, Whittier Trust Co. increased its holdings in shares of Howmet Aerospace by 81.4% in the first quarter. Whittier Trust Co. now owns 508 shares of the company’s stock valued at $35,000 after purchasing an additional 228 shares during the last quarter. 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.