Howmet Aerospace Inc. (NYSE:HWM) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Howmet Aerospace Inc. (NYSE:HWM) has been given a consensus rating of “Moderate Buy” by the seventeen analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and fourteen have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $115.41.

A number of research firms recently issued reports on HWM. Robert W. Baird raised their price target on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Wells Fargo & Company increased their price target on shares of Howmet Aerospace from $113.00 to $129.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Susquehanna lifted their price objective on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th. Bank of America upped their target price on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Sanford C. Bernstein raised their price target on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, October 21st.

Howmet Aerospace Stock Performance

NYSE HWM opened at $118.31 on Monday. The company has a fifty day moving average of $108.71 and a two-hundred day moving average of $95.10. The company has a market capitalization of $48.06 billion, a PE ratio of 45.16, a P/E/G ratio of 1.61 and a beta of 1.48. Howmet Aerospace has a 1 year low of $52.26 and a 1 year high of $120.71. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98.

Howmet Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend was Friday, November 8th. Howmet Aerospace’s payout ratio is 12.21%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HWM. Senator Investment Group LP grew its holdings in shares of Howmet Aerospace by 24.8% in the 2nd quarter. Senator Investment Group LP now owns 156,000 shares of the company’s stock worth $12,110,000 after acquiring an additional 31,000 shares during the period. Terra Nova Asset Management LLC purchased a new position in shares of Howmet Aerospace in the third quarter valued at $1,264,000. Wealthspire Advisors LLC purchased a new position in shares of Howmet Aerospace in the second quarter valued at $209,000. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Howmet Aerospace by 1,258.3% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company’s stock valued at $206,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in Howmet Aerospace by 135.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 26,159 shares of the company’s stock valued at $2,622,000 after acquiring an additional 15,070 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

About Howmet Aerospace

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.