Howmet Aerospace (NYSE:HWM) Upgraded at Northcoast Research

Northcoast Research upgraded shares of Howmet Aerospace (NYSE:HWM) from a sell rating to a neutral rating in a research report released on Wednesday morning, Marketbeat.com reports.

HWM has been the topic of a number of other research reports. Truist Financial restated a “buy” rating and issued a $140.00 price objective (up previously from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Morgan Stanley raised their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. boosted their price target on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Wells Fargo & Company cut their price objective on shares of Howmet Aerospace from $146.00 to $132.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Barclays raised their target price on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $123.28.

Howmet Aerospace Stock Up 1.2 %

HWM stock opened at $125.69 on Wednesday. Howmet Aerospace has a 52 week low of $62.80 and a 52 week high of $140.55. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The firm has a 50-day simple moving average of $128.80 and a 200-day simple moving average of $118.02. The stock has a market capitalization of $50.91 billion, a P/E ratio of 44.57, a P/E/G ratio of 1.92 and a beta of 1.25.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Equities analysts forecast that Howmet Aerospace will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. Howmet Aerospace’s dividend payout ratio is currently 14.18%.

Institutional Trading of Howmet Aerospace

Several institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in Howmet Aerospace during the fourth quarter worth $1,001,558,000. JPMorgan Chase & Co. raised its holdings in shares of Howmet Aerospace by 14.0% in the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company’s stock valued at $2,209,071,000 after buying an additional 2,486,649 shares during the period. Winslow Capital Management LLC acquired a new position in Howmet Aerospace during the 4th quarter worth about $265,844,000. GAMMA Investing LLC boosted its holdings in Howmet Aerospace by 15,741.8% during the 1st quarter. GAMMA Investing LLC now owns 1,328,176 shares of the company’s stock valued at $1,723,040,000 after acquiring an additional 1,319,792 shares during the period. Finally, Janus Henderson Group PLC grew its position in Howmet Aerospace by 10.3% in the 4th quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company’s stock valued at $1,197,315,000 after acquiring an additional 1,026,130 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

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.