Truist Financial Reiterates “Buy” Rating for Howmet Aerospace (NYSE:HWM)

Howmet Aerospace (NYSE:HWM)‘s stock had its “buy” rating reaffirmed by research analysts at Truist Financial in a report issued on Friday,Benzinga reports. They currently have a $140.00 price target on the stock, up from their previous price target of $130.00. Truist Financial’s price target points to a potential upside of 4.74% from the stock’s current price.

Several other research firms have also recently weighed in on HWM. UBS Group increased their price objective on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. KeyCorp lowered shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Robert W. Baird increased their target price 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. JPMorgan Chase & Co. increased their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Bank of America increased their target price 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. One equities research 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. According to data from MarketBeat, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.76.

Howmet Aerospace Trading Up 4.4 %

Shares of NYSE HWM opened at $133.66 on Friday. 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 has a 52-week low of $62.70 and a 52-week high of $133.92. The firm has a 50 day moving average price of $119.05 and a two-hundred day moving average price of $108.19. The stock has a market cap of $54.30 billion, a P/E ratio of 51.02, a price-to-earnings-growth ratio of 1.45 and a beta of 1.50.

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

Institutional Trading of Howmet Aerospace

Several institutional investors and hedge funds have recently made changes to their positions in HWM. Norges Bank purchased a new stake in shares of Howmet Aerospace in the fourth quarter valued at about $1,001,558,000. JPMorgan Chase & Co. raised its holdings in shares of 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 purchasing an additional 2,486,649 shares during the last quarter. Winslow Capital Management LLC purchased a new stake in shares of Howmet Aerospace in the fourth quarter valued at about $265,844,000. AustralianSuper Pty Ltd increased its holdings in Howmet Aerospace by 1,000.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company’s stock worth $101,772,000 after buying an additional 845,941 shares during the last quarter. Finally, Capital World Investors increased its holdings in Howmet Aerospace by 13.3% during the fourth quarter. Capital World Investors now owns 4,855,273 shares of the company’s stock worth $531,021,000 after buying an additional 570,567 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

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.