Howmet Aerospace (NYSE:HWM) Price Target Raised to $129.00

Howmet Aerospace (NYSE:HWM) had its price target boosted by Wells Fargo & Company from $113.00 to $129.00 in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

HWM has been the topic of a number of other reports. BTIG Research boosted their price target on shares of Howmet Aerospace from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Barclays boosted their price target on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday. UBS Group upped their target price on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Sanford C. Bernstein upped their target price 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. Finally, Susquehanna upped their price target on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $115.41.

Howmet Aerospace Stock Down 2.2 %

Shares of NYSE:HWM opened at $113.25 on Tuesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. The firm has a market capitalization of $46.01 billion, a PE ratio of 43.23, a price-to-earnings-growth ratio of 1.54 and a beta of 1.46. The firm’s 50-day moving average is $101.58 and its two-hundred day moving average is $90.48. Howmet Aerospace has a 1 year low of $51.22 and a 1 year high of $116.74.

Howmet Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend is Friday, November 8th. Howmet Aerospace’s payout ratio is 12.21%.

Insider Activity

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $96.94, for a total value of $6,847,550.78. Following the sale, the executive vice president now directly owns 92,687 shares of the company’s stock, valued at approximately $8,985,077.78. This trade represents a 43.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total value of $14,961,111.22. Following the completion of the sale, the chief financial officer now directly owns 155,135 shares in the company, valued at approximately $14,982,938.30. The trade was a 49.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.12% of the company’s stock.

Hedge Funds Weigh In On Howmet Aerospace

Several hedge funds and other institutional investors have recently modified their holdings of the company. Caprock Group LLC raised its holdings in shares of Howmet Aerospace by 1.0% during the 3rd quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock valued at $1,121,000 after buying an additional 106 shares during the period. Massmutual Trust Co. FSB ADV increased its holdings in Howmet Aerospace by 6.8% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company’s stock worth $195,000 after purchasing an additional 124 shares during the last quarter. OneDigital Investment Advisors LLC increased its holdings in Howmet Aerospace by 2.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company’s stock worth $527,000 after purchasing an additional 124 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Howmet Aerospace by 40.0% in the 3rd quarter. Assetmark Inc. now owns 441 shares of the company’s stock valued at $44,000 after acquiring an additional 126 shares during the last quarter. Finally, Huntington National Bank increased its holdings in shares of Howmet Aerospace by 11.1% in the 3rd quarter. Huntington National Bank now owns 1,526 shares of the company’s stock valued at $153,000 after acquiring an additional 152 shares during the last quarter. 90.46% of the stock is 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.