Howmet Aerospace (NYSE:HWM) Stock Rating Reaffirmed by Northcoast Research

Northcoast Research reaffirmed their sell rating on shares of Howmet Aerospace (NYSE:HWM) in a research note published on Friday morning, Benzinga reports. They currently have a $70.00 price target on the stock.

A number of other equities analysts have also recently issued reports on HWM. Argus increased their price objective on shares of Howmet Aerospace from $75.00 to $90.00 and gave the company a buy rating in a research note on Monday, May 6th. UBS Group upped their target price on shares of Howmet Aerospace from $57.00 to $66.00 and gave the company a neutral rating in a research note on Thursday, February 15th. The Goldman Sachs Group raised their price target on shares of Howmet Aerospace from $77.00 to $87.00 and gave the stock a buy rating in a research note on Friday, May 3rd. Robert W. Baird upped their price objective on Howmet Aerospace from $74.00 to $84.00 and gave the company an outperform rating in a research note on Friday, May 3rd. Finally, KeyCorp raised their target price on Howmet Aerospace from $70.00 to $90.00 and gave the stock an overweight rating in a research report on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $74.69.

Howmet Aerospace Stock Up 1.3 %

NYSE HWM opened at $80.00 on Friday. Howmet Aerospace has a twelve month low of $42.94 and a twelve month high of $85.52. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.92 and a current ratio of 1.97. The stock has a market cap of $32.65 billion, a PE ratio of 38.65, a PEG ratio of 1.45 and a beta of 1.50. The firm has a 50-day simple moving average of $76.51 and a 200 day simple moving average of $65.66.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.74 billion. Howmet Aerospace had a return on equity of 21.33% and a net margin of 12.53%. The company’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the company earned $0.42 EPS. On average, research analysts forecast that Howmet Aerospace will post 2.39 EPS for the current year.

Howmet Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Friday, May 10th were issued a $0.05 dividend. The ex-dividend date was Thursday, May 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.25%. Howmet Aerospace’s dividend payout ratio is 9.66%.

Insider Buying and Selling

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 32,614 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $84.26, for a total value of $2,748,055.64. Following the completion of the transaction, the executive vice president now directly owns 217,687 shares of the company’s stock, valued at $18,342,306.62. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.12% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Mutual of America Capital Management LLC boosted its holdings in Howmet Aerospace by 3.5% in the third quarter. Mutual of America Capital Management LLC now owns 54,260 shares of the company’s stock valued at $2,510,000 after acquiring an additional 1,853 shares during the last quarter. Blair William & Co. IL grew its position in shares of Howmet Aerospace by 5.6% during the 3rd quarter. Blair William & Co. IL now owns 12,817 shares of the company’s stock worth $593,000 after buying an additional 676 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of Howmet Aerospace by 1.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 49,578 shares of the company’s stock worth $2,328,000 after buying an additional 649 shares during the last quarter. Aviva PLC lifted its holdings in Howmet Aerospace by 102.4% in the third quarter. Aviva PLC now owns 59,866 shares of the company’s stock valued at $2,769,000 after buying an additional 30,282 shares during the period. Finally, Kestra Advisory Services LLC lifted its holdings in Howmet Aerospace by 2.3% in the third quarter. Kestra Advisory Services LLC now owns 16,034 shares of the company’s stock valued at $742,000 after buying an additional 358 shares during the period. 90.46% of the stock is currently owned by institutional investors.

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.