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Howmet Aerospace Inc. (NYSE:HWM – Get Ratings) earned an average “moderate buy” recommendation from the eight research firms currently covering the stock, Marketbeat Ratings reports. increase. One research analyst rated the stock with a hold recommendation and six issued a buy recommendation for the company. The average one-year price target for analysts who published a report on the stock last year is $39.86.
Many analysts recently published reports on stocks. KeyCorp lowered its price target on Howmet Aerospace stock to $38.00 from $41.00 and rated the company “overweight” in its research notes on Tuesday, October 18. Truist Financial downgraded his Howmet Aerospace stock from a “buy” rating to a “hold” rating and set a price target of $31.00. In an investigative report on Wednesday, October 12th. Bank of America began reporting on Howmet Aerospace shares in a research report on Monday, October 10. They set a ‘buy’ rating and a price target of $40.00. Wolfe Research reissued an “outperform” rating and set a price target of $44.00 on Howmet Aerospace shares in its report on Tuesday, October 11. Finally, Benchmark upgraded his Howmet Aerospace stock from a ‘hold’ rating to a ‘buy’ rating and set a price target of $40.00 in its report on Friday, July 8.
Institutional investors join Howmet Aerospace
Hedge funds have recently increased or decreased their stakes in businesses. Parallel Advisors LLC increased his Howmet Aerospace stock position by 25.7% in the second quarter. Parallel Advisors LLC now owns 1,351 shares of the company worth $42,000 after purchasing an additional 276 of his shares during this period. Prudential PLC boosted its Howmet Aerospace stock position by 3.5% in the second quarter. Prudential PLC now owns 8,976 shares of the company worth $282,000 after acquiring an additional 300 shares during this period. Shell Asset Management Co. increased his Howmet Aerospace stock position by 30.8% in the first quarter. Shell Asset Management Co. now owns 1,341 shares of the company worth $48,000 after acquiring an additional 316 shares during this period. Brinker Capital Investments LLC increased his Howmet Aerospace stock position by 4.7% in the first quarter. Brinker Capital Investments LLC now owns 8,942 shares of the company, valued at $321,000, after acquiring an additional 398 shares during this period. Finally, Empirical Finance LLC raised his Howmet Aerospace stock position by 5.5% in the second quarter. Empirical Finance LLC now owns 7,839 shares of the company worth $247,000 after acquiring an additional 409 shares during this period. Currently 90.86% of the shares are owned by institutional investors and hedge funds.
Howmet Aerospace Stock Performance
HWM shares Wednesday opened at $35.57. The stock has a market capitalization of $14.78 billion, a P/E ratio of 39.52, a P/E/G ratio of 1.02 and a beta of 1.40. The company has a debt to equity ratio of 1.24, a current ratio of 2.15 and a quick ratio of 0.96. The company has a 50-day moving average price of $34.43 and a 200-day moving average price of $34.50. On Howmet Aerospace, his one-year low is $27.41, and his one-year high is $38.99.
Howmet Aerospace (NYSE:HWM – Get Rating) last reported earnings on Thursday, Aug. 4. The company reported earnings per share (EPS) of $0.35 for the quarter, beating analyst consensus expectations of $0.33 by $0.02. The company posted revenue of $1.39 billion for the quarter, compared with analysts’ forecast of $1.37 billion. Howmet Aerospace had a net profit margin of 7.23% and a return on equity of 15.45%. Howmet Aerospace’s quarterly revenue increased 16.6% year-over-year. During the same quarter last year, the company posted EPS of his $0.22. As a group, equity analysts expect Howmet Aerospace to post 1.4 EPS this year.
Howmet Aerospace Increases Dividend
The company recently announced a quarterly dividend payable on Friday, November 25th. Investors of record on Friday, November 4th will receive a dividend of $0.04 per share. The ex-dividend date is Thursday, November 3. This is up from Howmet Aerospace’s previous quarterly dividend of $0.02. This represents an annualized dividend of $0.16 and a yield of 0.45%. Howmet Aerospace currently has a dividend payout ratio (DPR) of 8.89%.
About Howmet Aerospace
(get rating)
Howmet Aerospace Inc provides advanced engineering solutions for the US, Japan, France, Germany, UK, Mexico, Italy, Canada, Poland, China and international aerospace and transportation industries. He operates in four segments: Engine Products, Fastening Systems, Engineered Structures and Forged Wheels.
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