Analysts Set Howmet Aerospace Inc. (NYSE:HWM) Price Target at $115.41

Howmet Aerospace Inc. (NYSE:HWM) has received an average recommendation of “Moderate Buy” from the seventeen research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and fourteen have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $115.59.

HWM has been the topic of a number of recent research reports. UBS Group upped their price target on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Royal Bank of Canada boosted their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Bank of America raised their price objective on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, KeyCorp cut shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th.

Howmet Aerospace Trading Down 0.2 %

NYSE:HWM opened at $113.47 on Monday. Howmet Aerospace has a 12 month low of $52.36 and a 12 month high of $120.71. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The firm’s 50 day moving average is $110.03 and its 200 day moving average is $95.99. The stock has a market capitalization of $46.10 billion, a PE ratio of 43.31, a price-to-earnings-growth ratio of 1.56 and a beta of 1.48.

Howmet Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were given a dividend of $0.08 per share. The ex-dividend date was Friday, November 8th. This represents a $0.32 annualized dividend and a dividend yield of 0.28%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 12.21%.

Institutional Trading of Howmet Aerospace

Several hedge funds and other institutional investors have recently bought and sold shares of HWM. B. Riley Wealth Advisors Inc. bought a new stake in shares of Howmet Aerospace in the 3rd quarter worth approximately $250,000. Retirement Systems of Alabama lifted its stake in Howmet Aerospace by 332.6% in the third quarter. Retirement Systems of Alabama now owns 370,027 shares of the company’s stock worth $37,095,000 after purchasing an additional 284,487 shares during the last quarter. Oddo BHF Asset Management Sas bought a new position in shares of Howmet Aerospace during the third quarter valued at about $3,388,000. Franklin Resources Inc. increased its holdings in shares of Howmet Aerospace by 58.0% in the third quarter. Franklin Resources Inc. now owns 570,476 shares of the company’s stock worth $58,559,000 after buying an additional 209,492 shares during the period. Finally, Tidal Investments LLC lifted its stake in shares of Howmet Aerospace by 60.0% in the 3rd quarter. Tidal Investments LLC now owns 56,490 shares of the company’s stock valued at $5,663,000 after acquiring an additional 21,176 shares during the last quarter. 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.