Wells Fargo & Company Increases Howmet Aerospace (NYSE:HWM) Price Target to $129.00

Howmet Aerospace (NYSE:HWM) had its price objective boosted by Wells Fargo & Company from $113.00 to $129.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other brokerages also recently issued reports on HWM. Truist Financial lifted their price target on Howmet Aerospace from $123.00 to $128.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft lifted their target price on Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Susquehanna upped their price target on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research note on Thursday, November 7th. Robert W. Baird boosted their price target on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Sanford C. Bernstein raised their price objective on shares of Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.41.

Howmet Aerospace Trading Down 1.1 %

NYSE:HWM opened at $112.01 on Tuesday. The stock has a fifty day moving average price of $102.37 and a 200 day moving average price of $90.95. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The firm has a market cap of $45.51 billion, a PE ratio of 42.75, a price-to-earnings-growth ratio of 1.57 and a beta of 1.46. Howmet Aerospace has a 12-month low of $51.22 and a 12-month high of $116.74.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.29%. The ex-dividend date is Friday, November 8th. Howmet Aerospace’s dividend payout ratio is currently 12.21%.

Insider Buying and Selling at Howmet Aerospace

In other news, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction that occurred 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 sale, the chief financial officer now owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. The trade was a 49.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Neil Edward Marchuk sold 70,637 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total value of $6,847,550.78. Following the completion of the transaction, the executive vice president now directly owns 92,687 shares of the company’s stock, valued at approximately $8,985,077.78. The trade was a 43.25 % decrease in their position. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by insiders.

Institutional Trading of Howmet Aerospace

A number of hedge funds and other institutional investors have recently made changes to their positions in HWM. RiverPark Advisors LLC bought a new stake in Howmet Aerospace during the third quarter worth approximately $26,000. Hollencrest Capital Management bought a new position in shares of Howmet Aerospace during the 3rd quarter valued at about $30,000. Cultivar Capital Inc. acquired a new position in shares of Howmet Aerospace in the 2nd quarter worth approximately $26,000. LGT Financial Advisors LLC grew its position in Howmet Aerospace by 278.7% in the second quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock worth $28,000 after buying an additional 262 shares during the last quarter. Finally, Rothschild Investment LLC bought a new position in shares of Howmet Aerospace in the second quarter valued at $32,000. 90.46% of the stock is currently owned by 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.