Howmet Aerospace’s (HWM) “Buy” Rating Reiterated at Benchmark

Benchmark reaffirmed their buy rating on shares of Howmet Aerospace (NYSE:HWM) in a report released on Friday morning, Benzinga reports. They currently have a $53.00 price objective on the stock.

A number of other research firms have also issued reports on HWM. Truist Financial upgraded shares of Howmet Aerospace from a hold rating to a buy rating and upped their target price for the company from $47.00 to $74.00 in a report on Wednesday, January 10th. Royal Bank of Canada began coverage on shares of Howmet Aerospace in a research note on Monday, March 18th. They set an outperform rating and a $75.00 price objective for the company. Sanford C. Bernstein began coverage on shares of Howmet Aerospace in a research note on Friday, January 5th. They set an outperform rating and a $67.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on shares of Howmet Aerospace from $55.00 to $60.00 and gave the company an overweight rating in a research note on Wednesday, February 14th. Finally, Robert W. Baird upped their price objective on shares of Howmet Aerospace from $65.00 to $74.00 and gave the company an outperform rating in a research note on Monday, April 8th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $66.00.

Howmet Aerospace Price Performance

NYSE:HWM opened at $63.41 on Friday. The firm has a market cap of $25.90 billion, a price-to-earnings ratio of 34.65, a price-to-earnings-growth ratio of 1.65 and a beta of 1.43. The company has a current ratio of 1.86, a quick ratio of 0.87 and a debt-to-equity ratio of 0.88. The company’s 50-day moving average is $65.71 and its two-hundred day moving average is $56.57. Howmet Aerospace has a 12-month low of $42.17 and a 12-month high of $69.55.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Tuesday, February 13th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.65 billion. Howmet Aerospace had a net margin of 11.52% and a return on equity of 20.12%. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 EPS. Research analysts expect that Howmet Aerospace will post 2.18 EPS for the current year.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Friday, February 9th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend was Thursday, February 8th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 10.93%.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 45,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $67.44, for a total value of $3,034,800.00. Following the completion of the sale, the executive vice president now owns 229,568 shares of the company’s stock, valued at $15,482,065.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.23% of the stock is owned by corporate insiders.

Institutional Trading of Howmet Aerospace

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Howmet Aerospace by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 45,247,674 shares of the company’s stock valued at $2,448,804,000 after acquiring an additional 1,274,974 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Howmet Aerospace by 4.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 23,507,379 shares of the company’s stock valued at $1,087,216,000 after buying an additional 897,463 shares during the last quarter. FMR LLC boosted its stake in shares of Howmet Aerospace by 21.2% during the 3rd quarter. FMR LLC now owns 15,086,149 shares of the company’s stock valued at $697,734,000 after buying an additional 2,635,894 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Howmet Aerospace by 118.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,239,071 shares of the company’s stock valued at $612,307,000 after buying an additional 7,184,620 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Howmet Aerospace by 87.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,972,420 shares of the company’s stock valued at $593,828,000 after buying an additional 5,107,898 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

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.