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

Howmet Aerospace (NYSE:HWM) had its price target upped by UBS Group from $103.00 to $120.00 in a report released on Thursday,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other research firms have also recently issued reports on HWM. Sanford C. Bernstein increased their price target on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. BTIG Research lifted their price target on shares of Howmet Aerospace from $95.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Benchmark lifted their price target on shares of Howmet Aerospace from $53.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Truist Financial lifted their price target on shares of Howmet Aerospace from $123.00 to $128.00 and gave the company a “buy” rating in a research report on Thursday. Finally, KeyCorp downgraded shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. One research 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 data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $109.75.

Howmet Aerospace Stock Performance

Shares of NYSE:HWM traded up $2.56 on Thursday, reaching $113.70. The company’s stock had a trading volume of 1,298,764 shares, compared to its average volume of 2,949,332. The stock has a market capitalization of $46.41 billion, a P/E ratio of 49.22, a PEG ratio of 1.45 and a beta of 1.46. Howmet Aerospace has a 52-week low of $48.39 and a 52-week high of $115.38. The stock’s 50-day moving average is $99.75 and its two-hundred day moving average is $88.76. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.53 and a quick ratio of 0.74.

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 paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.32 annualized dividend and a yield of 0.28%. Howmet Aerospace’s payout ratio is currently 14.16%.

Insiders Place Their Bets

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $96.94, for a total value of $6,847,550.78. Following the completion of the sale, 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 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Howmet Aerospace news, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction on Thursday, August 22nd. The shares were 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 $14,982,938.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction 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 transaction, the executive vice president now owns 92,687 shares in the company, valued at approximately $8,985,077.78. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.12% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Howmet Aerospace

A number of hedge funds have recently made changes to their positions in the stock. Caprock Group LLC lifted its holdings in shares of Howmet Aerospace by 1.0% during the 3rd quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock valued at $1,121,000 after acquiring an additional 106 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in Howmet Aerospace by 6.8% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company’s stock worth $195,000 after buying an additional 124 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in Howmet Aerospace by 2.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company’s stock worth $527,000 after buying an additional 124 shares in the last quarter. Assetmark Inc. lifted its holdings in Howmet Aerospace by 40.0% in the 3rd quarter. Assetmark Inc. now owns 441 shares of the company’s stock worth $44,000 after buying an additional 126 shares in the last quarter. Finally, Huntington National Bank lifted its holdings in Howmet Aerospace by 11.1% in the 3rd quarter. Huntington National Bank now owns 1,526 shares of the company’s stock worth $153,000 after buying an additional 152 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.