Howmet Aerospace (NYSE:HWM) Price Target Raised to $129.00 at Wells Fargo & Company

Howmet Aerospace (NYSE:HWM) had its price target increased by Wells Fargo & Company from $113.00 to $129.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities analysts also recently commented on the company. Barclays increased their price objective on Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Susquehanna increased their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. raised their price objective on Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Truist Financial upped their target price on Howmet Aerospace from $123.00 to $128.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Sanford C. Bernstein raised their target price on shares of Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $115.41.

Howmet Aerospace Trading Down 1.1 %

NYSE:HWM opened at $112.01 on Tuesday. The stock’s 50-day moving average is $102.37 and its two-hundred day moving average is $90.95. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. The stock has a market cap of $45.51 billion, a PE ratio of 42.75, a price-to-earnings-growth ratio of 1.57 and a beta of 1.46. Howmet Aerospace has a fifty-two week low of $51.22 and a fifty-two week high of $116.74.

Howmet Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be paid a $0.08 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.32 annualized dividend and a dividend yield of 0.29%. Howmet Aerospace’s dividend payout ratio (DPR) is currently 12.21%.

Insider Activity

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $96.94, for a total value of $6,847,550.78. Following the completion of the transaction, the executive vice president now directly owns 92,687 shares of the company’s stock, valued at approximately $8,985,077.78. The trade was a 43.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ken Giacobbe sold 154,909 shares of the firm’s 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 owns 155,135 shares in the company, valued at $14,982,938.30. This trade represents a 49.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Howmet Aerospace

Institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in Howmet Aerospace by 5.0% during the third quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock worth $949,382,000 after buying an additional 453,275 shares during the last quarter. M&T Bank Corp increased its position in Howmet Aerospace by 16.4% during the third quarter. M&T Bank Corp now owns 31,695 shares of the company’s stock worth $3,177,000 after buying an additional 4,461 shares during the last quarter. LRI Investments LLC raised its stake in Howmet Aerospace by 57.3% in the third quarter. LRI Investments LLC now owns 2,505 shares of the company’s stock valued at $251,000 after buying an additional 913 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in shares of Howmet Aerospace by 5.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 112,482 shares of the company’s stock valued at $11,276,000 after buying an additional 5,731 shares during the last quarter. Finally, MML Investors Services LLC lifted its position in shares of Howmet Aerospace by 7.0% in the third quarter. MML Investors Services LLC now owns 37,497 shares of the company’s stock valued at $3,759,000 after buying an additional 2,442 shares during the last quarter. Institutional investors 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.