Howmet Aerospace Inc. (NYSE:HWM) Receives Consensus Rating of “Moderate Buy” from Analysts

Posted by Defense World Staff on Jun 8th, 2023

Howmet Aerospace Inc. (NYSE:HWM – Get Rating) has been assigned an average recommendation of “Buy” from the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have covered the stock in the last year is $47.91.

Several equities research analysts have weighed in on the company. Argus upped their target price on Howmet Aerospace from $43.00 to $49.00 and gave the stock a “buy” rating in a research note on Tuesday, February 21st. Jefferies Financial Group began coverage on Howmet Aerospace in a research note on Wednesday, March 22nd. They issued a “buy” rating and a $50.00 price target for the company. Truist Financial increased their price target on Howmet Aerospace from $39.00 to $42.00 in a research note on Wednesday, May 3rd. Benchmark upgraded Howmet Aerospace from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research note on Friday, March 31st. Finally, Wells Fargo & Company dropped their price target on Howmet Aerospace from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Wednesday, March 22nd.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV raised its position in Howmet Aerospace by 189.2% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 642 shares of the company’s stock worth $25,000 after purchasing an additional 420 shares during the last quarter. Mizuho Securities Co. Ltd. acquired a new stake in Howmet Aerospace during the 4th quarter worth about $25,000. Financial Freedom LLC acquired a new stake in Howmet Aerospace during the 4th quarter worth about $29,000. Clear Street Markets LLC grew its holdings in Howmet Aerospace by 93.8% during the 1st quarter. Clear Street Markets LLC now owns 721 shares of the company’s stock worth $31,000 after acquiring an additional 349 shares during the period. Finally, Global Retirement Partners LLC grew its holdings in Howmet Aerospace by 117.8% during the 1st quarter. Global Retirement Partners LLC now owns 747 shares of the company’s stock worth $33,000 after acquiring an additional 404 shares during the period. 91.49% of the stock is owned by institutional investors.

Howmet Aerospace Price Performance

Howmet Aerospace stock opened at $46.17 on Thursday. Howmet Aerospace has a 12 month low of $29.84 and a 12 month high of $46.37. The stock’s 50 day moving average is $43.60 and its 200-day moving average is $41.33. The company has a current ratio of 2.18, a quick ratio of 0.99 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $19.08 billion, a price-to-earnings ratio of 40.15, a PEG ratio of 1.59 and a beta of 1.44.

Howmet Aerospace (NYSE:HWM – Get Rating) last issued its quarterly earnings results on Tuesday, May 2nd. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.49 billion. Howmet Aerospace had a return on equity of 18.39% and a net margin of 8.18%. The firm’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.31 earnings per share. Equities research analysts expect that Howmet Aerospace will post 1.69 EPS for the current year.

Howmet Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 25th. Investors of record on Friday, May 5th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.35%. The ex-dividend date was Thursday, May 4th. Howmet Aerospace’s dividend payout ratio is currently 13.91%.

About Howmet Aerospace

(Get Rating)

Howmet Aerospace, Inc engages in provision of engineered solutions for the aerospace and transportation industries. It operates through the following segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels. The Engine Products segment produces investment castings, including airfoils, and seamless rolled rings primarily for aircraft engines (aerospace commercial and defense) and industrial gas turbines.