Howmet Aerospace (NYSE:HWM) Stock Price Expected to Rise, Barclays Analyst Says

Howmet Aerospace (NYSE:HWM) had its target price upped by Barclays from $100.00 to $130.00 in a research note released on Monday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

HWM has been the subject of a number of other research reports. JPMorgan Chase & Co. lifted their price objective on shares of Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. 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 report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. KeyCorp cut shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Finally, Susquehanna upped their price target on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Howmet Aerospace has a consensus rating of “Moderate Buy” and a consensus target price of $115.41.

Howmet Aerospace Price Performance

Howmet Aerospace stock opened at $113.25 on Monday. Howmet Aerospace has a 12-month low of $51.22 and a 12-month high of $116.74. The stock has a market cap of $46.01 billion, a P/E ratio of 43.23, a PEG ratio of 1.54 and a beta of 1.46. The company has a 50-day moving average price of $101.58 and a 200 day moving average price of $90.48. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76.

Howmet Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. Howmet Aerospace’s dividend payout ratio (DPR) is 12.21%.

Insider Buying and Selling at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 70,637 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 92,687 shares of the company’s stock, valued at approximately $8,985,077.78. This represents a 43.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ken Giacobbe sold 154,909 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the sale, the chief financial officer now directly owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. This trade represents a 49.96 % decrease in their position. The disclosure for this sale can be found here. 1.12% of the stock is owned by insiders.

Institutional Trading of Howmet Aerospace

Several large investors have recently bought and sold shares of the company. True Wealth Design LLC grew its position in Howmet Aerospace by 4,836.8% in the third quarter. True Wealth Design LLC now owns 938 shares of the company’s stock valued at $94,000 after acquiring an additional 919 shares in the last quarter. Captrust Financial Advisors grew its position in Howmet Aerospace by 25.2% in the third quarter. Captrust Financial Advisors now owns 23,802 shares of the company’s stock valued at $2,386,000 after acquiring an additional 4,787 shares in the last quarter. Hantz Financial Services Inc. grew its position in Howmet Aerospace by 2.2% in the third quarter. Hantz Financial Services Inc. now owns 27,262 shares of the company’s stock valued at $2,733,000 after acquiring an additional 599 shares in the last quarter. Vinva Investment Management Ltd grew its position in Howmet Aerospace by 186.5% in the third quarter. Vinva Investment Management Ltd now owns 46,525 shares of the company’s stock valued at $4,616,000 after acquiring an additional 30,285 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its position in Howmet Aerospace by 36.8% in the third quarter. Public Sector Pension Investment Board now owns 20,455 shares of the company’s stock valued at $2,051,000 after acquiring an additional 5,500 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

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.