Howmet Aerospace Inc. (NYSE:HWM) Receives Average Recommendation of “Moderate Buy” from Analysts

Howmet Aerospace Inc. (NYSE:HWM) has received a consensus recommendation of “Moderate Buy” from the seventeen brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and fourteen have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $115.59.

Several research firms have issued reports on HWM. Royal Bank of Canada raised their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Wells Fargo & Company upped their target price on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Sanford C. Bernstein lifted their price target on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Bank of America increased their price objective on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, UBS Group lifted their target price on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th.

Howmet Aerospace Trading Up 1.3 %

Shares of Howmet Aerospace stock opened at $110.79 on Friday. Howmet Aerospace has a 1 year low of $52.56 and a 1 year high of $120.71. The company’s fifty day simple moving average is $111.83 and its 200-day simple moving average is $98.57. The company has a market cap of $45.01 billion, a price-to-earnings ratio of 42.29, a PEG ratio of 1.56 and a beta of 1.48. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76.

Institutional Trading of Howmet Aerospace

Hedge funds and other institutional investors have recently made changes to their positions in the business. RiverPark Advisors LLC acquired a new position in Howmet Aerospace during the 3rd quarter worth about $26,000. LGT Financial Advisors LLC increased its position in Howmet Aerospace by 278.7% in the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock valued at $28,000 after acquiring an additional 262 shares in the last quarter. Hollencrest Capital Management acquired a new position in shares of Howmet Aerospace during the third quarter worth approximately $30,000. Rothschild Investment LLC acquired a new position in shares of Howmet Aerospace during the second quarter worth approximately $32,000. Finally, Assetmark Inc. grew its stake in shares of Howmet Aerospace by 40.0% during the third quarter. Assetmark Inc. now owns 441 shares of the company’s stock valued at $44,000 after purchasing an additional 126 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.