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

Howmet Aerospace (NYSE:HWM) had its price objective boosted by equities researchers at The Goldman Sachs Group from $124.00 to $139.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective points to a potential upside of 1.75% from the company’s previous close.

Other research analysts also recently issued reports about the company. Bank of America lifted their price target on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. KeyCorp downgraded Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. UBS Group boosted their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Barclays boosted their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Wells Fargo & Company boosted their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Howmet Aerospace has an average rating of “Moderate Buy” and a consensus price target of $121.41.

Howmet Aerospace Stock Performance

NYSE HWM traded up $3.20 during trading on Tuesday, hitting $136.62. The company’s stock had a trading volume of 3,185,123 shares, compared to its average volume of 2,690,917. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. The firm has a 50 day moving average price of $119.45 and a 200 day moving average price of $108.55. The firm has a market cap of $55.50 billion, a P/E ratio of 52.14, a price-to-earnings-growth ratio of 1.45 and a beta of 1.50. Howmet Aerospace has a 52 week low of $62.70 and a 52 week high of $137.41.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.71 by $0.03. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a return on equity of 24.50% and a net margin of 14.81%. Equities research analysts forecast that Howmet Aerospace will post 2.66 earnings per share for the current fiscal year.

Institutional Trading of Howmet Aerospace

A number of large investors have recently bought and sold shares of HWM. Stifel Financial Corp boosted its stake in Howmet Aerospace by 12.1% in the third quarter. Stifel Financial Corp now owns 263,830 shares of the company’s stock worth $26,450,000 after purchasing an additional 28,568 shares in the last quarter. Vista Investment Partners LLC acquired a new position in Howmet Aerospace in the fourth quarter worth $531,000. Genesis Private Wealth LLC acquired a new position in Howmet Aerospace in the fourth quarter worth $249,000. Oppenheimer & Co. Inc. boosted its stake in Howmet Aerospace by 135.9% in the third quarter. Oppenheimer & Co. Inc. now owns 26,159 shares of the company’s stock worth $2,622,000 after purchasing an additional 15,070 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in Howmet Aerospace in the fourth quarter worth $289,000. 90.46% of the stock is currently owned by institutional investors.

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.