Howmet Aerospace (NYSE:HWM) Price Target Raised to $120.00 at UBS Group

Howmet Aerospace (NYSE:HWM) had its price objective hoisted by UBS Group from $103.00 to $120.00 in a report issued on Thursday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

HWM has been the topic of several other reports. Benchmark lifted their target price on Howmet Aerospace from $53.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Truist Financial lifted their target price on Howmet Aerospace from $123.00 to $128.00 and gave the stock a “buy” rating in a report on Thursday. Robert W. Baird lifted their target price on Howmet Aerospace from $84.00 to $113.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Barclays lifted their target price on Howmet Aerospace from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, KeyCorp lowered Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $109.75.

Howmet Aerospace Price Performance

NYSE:HWM traded up $2.56 on Thursday, reaching $113.70. 1,298,764 shares of the company’s stock traded hands, compared to its average volume of 2,949,332. The company has a quick ratio of 0.74, a current ratio of 1.53 and a debt-to-equity ratio of 0.68. The stock has a 50-day simple moving average of $99.75 and a 200-day simple moving average of $88.76. The firm has a market cap of $46.41 billion, a PE ratio of 49.22, a P/E/G ratio of 1.45 and a beta of 1.46. Howmet Aerospace has a 12 month low of $48.39 and a 12 month high of $115.38.

Howmet Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Friday, November 8th. Howmet Aerospace’s dividend payout ratio (DPR) is 14.16%.

Insider Buying and Selling

In other news, CFO Ken Giacobbe sold 154,909 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the transaction, the chief financial officer now directly owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Neil Edward Marchuk sold 70,637 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the sale, the executive vice president now directly owns 92,687 shares of the company’s stock, valued at $8,985,077.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ken Giacobbe sold 154,909 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the sale, the chief financial officer now directly owns 155,135 shares in the company, valued at $14,982,938.30. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Howmet Aerospace

A number of large investors have recently made changes to their positions in the stock. Senator Investment Group LP boosted its stake in shares of Howmet Aerospace by 24.8% during the 2nd quarter. Senator Investment Group LP now owns 156,000 shares of the company’s stock worth $12,110,000 after acquiring an additional 31,000 shares in the last quarter. Terra Nova Asset Management LLC purchased a new position in Howmet Aerospace in the 3rd quarter worth approximately $1,264,000. Wealthspire Advisors LLC purchased a new position in Howmet Aerospace in the 2nd quarter worth approximately $209,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Howmet Aerospace by 1,258.3% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company’s stock worth $206,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Blair William & Co. IL raised its position in shares of Howmet Aerospace by 51.6% during the 1st quarter. Blair William & Co. IL now owns 25,488 shares of the company’s stock valued at $1,744,000 after buying an additional 8,676 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

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.