Citigroup Initiates Coverage on Howmet Aerospace (NYSE:HWM)

Equities researchers at Citigroup assumed coverage on shares of Howmet Aerospace (NYSE:HWM) in a report issued on Thursday, MarketBeat reports. The brokerage set a “buy” rating and a $246.00 price target on the stock. Citigroup’s price objective indicates a potential upside of 24.06% from the stock’s previous close.

Several other research firms have also commented on HWM. The Goldman Sachs Group raised their target price on Howmet Aerospace from $205.00 to $226.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. BNP Paribas raised Howmet Aerospace to a “strong-buy” rating in a report on Tuesday, November 18th. BNP Paribas Exane began coverage on Howmet Aerospace in a research report on Tuesday, November 18th. They set an “outperform” rating and a $240.00 target price on the stock. Cowen reissued a “buy” rating on shares of Howmet Aerospace in a report on Friday, October 31st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Howmet Aerospace in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.75.

Howmet Aerospace Stock Performance

HWM traded up $2.40 on Thursday, reaching $198.29. 2,466,129 shares of the stock were exchanged, compared to its average volume of 2,077,762. Howmet Aerospace has a fifty-two week low of $105.04 and a fifty-two week high of $211.95. The firm has a market capitalization of $79.72 billion, a PE ratio of 55.70, a PEG ratio of 2.25 and a beta of 1.32. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.35 and a quick ratio of 1.14. The company’s 50-day moving average price is $198.40 and its 200 day moving average price is $186.49.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.91 by $0.04. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the previous year, the business posted $0.81 EPS. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. Howmet Aerospace has set its FY 2025 guidance at 3.660-3.680 EPS and its Q4 2025 guidance at 0.940-0.960 EPS. As a group, sell-side analysts forecast that Howmet Aerospace will post 3.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Howmet Aerospace

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HWM. Allworth Financial LP grew its holdings in shares of Howmet Aerospace by 29.4% during the 3rd quarter. Allworth Financial LP now owns 9,471 shares of the company’s stock worth $1,858,000 after purchasing an additional 2,153 shares during the period. Swiss Life Asset Management Ltd raised its stake in shares of Howmet Aerospace by 20.0% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 118,870 shares of the company’s stock valued at $23,326,000 after acquiring an additional 19,825 shares during the period. Groupama Asset Managment lifted its holdings in shares of Howmet Aerospace by 36.4% in the 3rd quarter. Groupama Asset Managment now owns 11,211 shares of the company’s stock worth $2,200,000 after acquiring an additional 2,993 shares during the last quarter. Cambria Investment Management L.P. purchased a new position in shares of Howmet Aerospace during the 3rd quarter worth approximately $215,000. Finally, Strategic Advocates LLC lifted its stake in Howmet Aerospace by 1.8% during the third quarter. Strategic Advocates LLC now owns 8,799 shares of the company’s stock worth $1,727,000 after purchasing an additional 153 shares in the last quarter. Institutional investors and hedge funds 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.