Howmet Aerospace Inc. (NYSE:HWM) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Howmet Aerospace Inc. (NYSE:HWM) have been given an average rating of “Moderate Buy” by the twenty ratings firms that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $224.5294.

HWM has been the subject of a number of analyst reports. BTIG Research raised their price target on Howmet Aerospace from $205.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. The Goldman Sachs Group raised their price objective on shares of Howmet Aerospace from $205.00 to $226.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. TD Cowen restated a “buy” rating on shares of Howmet Aerospace in a research report on Friday, October 31st. Morgan Stanley set a $225.00 price target on Howmet Aerospace and gave the stock an “overweight” rating in a report on Friday, October 31st. Finally, UBS Group boosted their price objective on Howmet Aerospace from $199.00 to $209.00 and gave the company a “neutral” rating in a report on Friday, October 31st.

Institutional Trading of Howmet Aerospace

Several institutional investors and hedge funds have recently modified their holdings of the stock. Brighton Jones LLC increased its holdings in Howmet Aerospace by 5.4% during the 4th quarter. Brighton Jones LLC now owns 2,548 shares of the company’s stock worth $279,000 after purchasing an additional 130 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Howmet Aerospace in the first quarter valued at about $399,000. Sivia Capital Partners LLC purchased a new stake in Howmet Aerospace in the second quarter worth about $216,000. Venturi Wealth Management LLC grew its holdings in Howmet Aerospace by 3.1% during the 2nd quarter. Venturi Wealth Management LLC now owns 2,093 shares of the company’s stock worth $390,000 after acquiring an additional 62 shares in the last quarter. Finally, Valmark Advisers Inc. bought a new position in Howmet Aerospace during the 2nd quarter worth about $224,000. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

Shares of NYSE:HWM opened at $231.17 on Friday. The firm has a fifty day simple moving average of $210.36 and a two-hundred day simple moving average of $197.17. The company has a quick ratio of 1.14, a current ratio of 2.35 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $92.94 billion, a P/E ratio of 64.94, a PEG ratio of 2.13 and a beta of 1.26. Howmet Aerospace has a 52 week low of $105.04 and a 52 week high of $233.60.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Friday, February 6th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, February 6th. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 13.48%.

About Howmet Aerospace

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.