Howmet Aerospace (NYSE:HWM) Price Target Raised to $132.00

Howmet Aerospace (NYSE:HWM) had its target price hoisted by Wells Fargo & Company from $129.00 to $132.00 in a report published on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other brokerages have also recently commented on HWM. Robert W. Baird raised their target price on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Bank of America lifted their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. UBS Group increased their target price on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Susquehanna lifted their price target on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a report on Thursday, November 7th. Finally, Truist Financial increased their price objective on shares of Howmet Aerospace from $123.00 to $128.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Howmet Aerospace currently has an average rating of “Moderate Buy” and a consensus price target of $115.59.

Howmet Aerospace Trading Down 0.2 %

Howmet Aerospace stock opened at $113.47 on Wednesday. Howmet Aerospace has a 52-week low of $52.36 and a 52-week high of $120.71. The company has a market cap of $46.10 billion, a P/E ratio of 43.31, a P/E/G ratio of 1.56 and a beta of 1.48. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. The business has a 50-day simple moving average of $110.03 and a two-hundred day simple moving average of $95.99.

Howmet Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, November 8th. This represents a $0.32 annualized dividend and a dividend yield of 0.28%. Howmet Aerospace’s dividend payout ratio (DPR) is 12.21%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HWM. RiverPark Advisors LLC purchased a new stake in Howmet Aerospace during the third quarter valued at $26,000. Hollencrest Capital Management purchased a new stake in shares of Howmet Aerospace during the 3rd quarter valued at about $30,000. Cultivar Capital Inc. bought a new position in shares of Howmet Aerospace in the 2nd quarter valued at about $26,000. LGT Financial Advisors LLC lifted its holdings in shares of 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 during the last quarter. Finally, Rothschild Investment LLC purchased a new position in Howmet Aerospace in the second quarter worth about $32,000. 90.46% of the stock is currently owned by institutional investors.

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.