Truist Financial Lowers Howmet Aerospace (NYSE:HWM) Price Target to $136.00

Howmet Aerospace (NYSE:HWM) had its target price reduced by stock analysts at Truist Financial from $140.00 to $136.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 10.39% from the stock’s current price.

HWM has been the topic of several other research reports. The Goldman Sachs Group boosted their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Northcoast Research raised shares of Howmet Aerospace from a “sell” rating to a “neutral” rating in a research note on Wednesday, April 9th. Morgan Stanley raised their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Wells Fargo & Company reissued an “equal weight” rating and issued a $118.00 target price (down from $132.00) on shares of Howmet Aerospace in a report on Tuesday. Finally, JPMorgan Chase & Co. raised their price target on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Howmet Aerospace presently has an average rating of “Moderate Buy” and a consensus target price of $122.28.

Howmet Aerospace Stock Down 0.6 %

Shares of HWM opened at $123.21 on Thursday. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The company has a 50-day moving average price of $128.40 and a two-hundred day moving average price of $118.74. The stock has a market cap of $49.90 billion, a price-to-earnings ratio of 43.69, a P/E/G ratio of 1.92 and a beta of 1.25. Howmet Aerospace has a 12 month low of $62.80 and a 12 month high of $140.55.

Howmet Aerospace (NYSE:HWM) last posted its 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 business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. Equities analysts predict that Howmet Aerospace will post 3.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Howmet Aerospace

Several large investors have recently bought and sold shares of the business. Murphy & Mullick Capital Management Corp bought a new stake in shares of Howmet Aerospace during the 4th quarter valued at $25,000. Meeder Asset Management Inc. grew its stake in shares of Howmet Aerospace by 208.1% during the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock worth $25,000 after purchasing an additional 154 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in Howmet Aerospace in the fourth quarter valued at about $25,000. R Squared Ltd acquired a new position in Howmet Aerospace in the fourth quarter valued at about $26,000. Finally, Washington Trust Advisors Inc. bought a new position in Howmet Aerospace during the fourth quarter worth about $29,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

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.