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

Howmet Aerospace (NYSE:HWM) had its target price lifted by research analysts at UBS Group from $103.00 to $120.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s target price would suggest a potential upside of 6.74% from the company’s current price.

HWM has been the topic of several other research reports. Benchmark upped their target price on Howmet Aerospace from $53.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Robert W. Baird increased their price target on Howmet Aerospace from $84.00 to $113.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. KeyCorp lowered Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. BTIG Research raised their target price on Howmet Aerospace from $95.00 to $115.00 and gave the company a “buy” rating in a report on Monday, August 5th. Finally, Truist Financial raised their target price on Howmet Aerospace from $123.00 to $128.00 and gave the company a “buy” rating in a report on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $105.94.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock traded down $2.44 during trading on Thursday, reaching $112.42. 634,152 shares of the company’s stock were exchanged, compared to its average volume of 2,947,742. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.74 and a current ratio of 1.53. Howmet Aerospace has a 1-year low of $47.88 and a 1-year high of $115.38. The company has a market cap of $45.88 billion, a P/E ratio of 50.24, a PEG ratio of 1.45 and a beta of 1.46. The firm’s 50-day moving average price is $99.39 and its 200 day moving average price is $88.58.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Wednesday, November 6th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.06. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Howmet Aerospace had a return on equity of 23.02% and a net margin of 13.15%. As a group, research analysts anticipate that Howmet Aerospace will post 2.59 earnings per share for the current year.

Insider Transactions at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 70,637 shares of the firm’s stock in a transaction on 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 $8,985,077.78. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total value of $14,961,111.22. Following the transaction, the chief financial officer now owns 155,135 shares in the company, valued at approximately $14,982,938.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace 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 owns 92,687 shares in the company, valued at approximately $8,985,077.78. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.12% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HWM. Lone Pine Capital LLC purchased a new position in Howmet Aerospace during the 2nd quarter valued at about $284,539,000. Price T Rowe Associates Inc. MD boosted its position in shares of Howmet Aerospace by 28.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,130,606 shares of the company’s stock worth $966,959,000 after purchasing an additional 3,158,186 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Howmet Aerospace by 18.7% in the 1st quarter. JPMorgan Chase & Co. now owns 17,877,503 shares of the company’s stock worth $1,223,358,000 after purchasing an additional 2,813,911 shares in the last quarter. TD Asset Management Inc boosted its position in shares of Howmet Aerospace by 986.0% in the 1st quarter. TD Asset Management Inc now owns 2,697,449 shares of the company’s stock worth $184,586,000 after purchasing an additional 2,449,057 shares in the last quarter. Finally, Capital Research Global Investors bought a new stake in shares of Howmet Aerospace in the 1st quarter worth approximately $148,996,000. Hedge funds and other 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.