Howmet Aerospace (NYSE:HWM) Given New $130.00 Price Target at JPMorgan Chase & Co.

Howmet Aerospace (NYSE:HWM) had its price target upped by JPMorgan Chase & Co. from $125.00 to $130.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 1.95% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. KeyCorp downgraded shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Sanford C. Bernstein boosted their price objective on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Robert W. Baird boosted their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Bank of America boosted their price objective on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Wells Fargo & Company boosted their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Howmet Aerospace currently has an average rating of “Moderate Buy” and an average target price of $117.18.

Howmet Aerospace Price Performance

Howmet Aerospace stock opened at $127.51 on Friday. Howmet Aerospace has a 1 year low of $62.70 and a 1 year high of $129.95. The firm has a 50 day moving average price of $118.75 and a 200 day moving average price of $107.74. The company has a market cap of $51.80 billion, a price-to-earnings ratio of 48.95, a PEG ratio of 1.45 and a beta of 1.50. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. Howmet Aerospace had a net margin of 14.81% and a return on equity of 24.50%. Sell-side analysts predict that Howmet Aerospace will post 2.66 earnings per share for the current year.

Institutional Trading of Howmet Aerospace

Several institutional investors have recently added to or reduced their stakes in HWM. Norges Bank acquired a new stake in Howmet Aerospace in the fourth quarter valued at $1,001,558,000. JPMorgan Chase & Co. raised its holdings in Howmet Aerospace by 14.0% in the fourth quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company’s stock valued at $2,209,071,000 after acquiring an additional 2,486,649 shares in the last quarter. Winslow Capital Management LLC acquired a new stake in Howmet Aerospace in the fourth quarter valued at $265,844,000. AustralianSuper Pty Ltd raised its holdings in Howmet Aerospace by 1,000.0% in the fourth quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company’s stock valued at $101,772,000 after acquiring an additional 845,941 shares in the last quarter. Finally, Capital World Investors raised its holdings in Howmet Aerospace by 13.3% in the fourth quarter. Capital World Investors now owns 4,855,273 shares of the company’s stock valued at $531,021,000 after acquiring an additional 570,567 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Company Profile

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.