Truist Financial Raises Howmet Aerospace (NYSE:HWM) Price Target to $128.00

Howmet Aerospace (NYSE:HWM) had its price objective increased by investment analysts at Truist Financial from $123.00 to $128.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price target points to a potential upside of 13.50% from the company’s previous close.

HWM has been the topic of several other reports. Royal Bank of Canada upped their target price on shares of Howmet Aerospace from $90.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Susquehanna started coverage on Howmet Aerospace in a research note on Tuesday, October 8th. They issued a “positive” rating and a $120.00 price objective for the company. 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. Deutsche Bank Aktiengesellschaft increased their price target on Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, BTIG Research lifted their price objective on shares of Howmet Aerospace from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $101.81.

Howmet Aerospace Price Performance

NYSE HWM traded down $2.08 during trading on Thursday, hitting $112.78. 34,802 shares of the stock traded hands, compared to its average volume of 2,945,260. The company has a quick ratio of 0.74, a current ratio of 1.53 and a debt-to-equity ratio of 0.68. Howmet Aerospace has a 12-month low of $47.88 and a 12-month high of $115.38. The firm has a 50-day simple moving average of $99.39 and a 200-day simple moving average of $88.58. The company has a market capitalization of $46.03 billion, a P/E ratio of 51.70, a price-to-earnings-growth ratio of 1.45 and a beta of 1.46.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.06. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Howmet Aerospace had a net margin of 13.15% and a return on equity of 23.02%. As a group, analysts predict that Howmet Aerospace will post 2.59 EPS for the current year.

Insider Activity at Howmet Aerospace

In other Howmet Aerospace news, CFO Ken Giacobbe sold 154,909 shares of the firm’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 in the company, valued at $14,982,938.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Neil Edward Marchuk sold 70,637 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $96.94, for a total value of $6,847,550.78. Following the completion of the sale, the executive vice president now owns 92,687 shares of the company’s stock, valued at approximately $8,985,077.78. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 155,135 shares in the company, valued at approximately $14,982,938.30. The trade was 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 owned by company insiders.

Institutional Trading of Howmet Aerospace

A number of hedge funds have recently bought and sold shares of HWM. Private Advisor Group LLC raised its position in shares of Howmet Aerospace by 11.3% in the 1st quarter. Private Advisor Group LLC now owns 16,688 shares of the company’s stock worth $1,142,000 after acquiring an additional 1,690 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Howmet Aerospace by 8.8% during the first quarter. Janney Montgomery Scott LLC now owns 23,347 shares of the company’s stock valued at $1,598,000 after buying an additional 1,882 shares during the last quarter. Whittier Trust Co. lifted its position in shares of Howmet Aerospace by 81.4% during the first quarter. Whittier Trust Co. now owns 508 shares of the company’s stock valued at $35,000 after buying an additional 228 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Howmet Aerospace in the 1st quarter valued at about $111,000. Finally, Empirical Finance LLC grew its position in shares of Howmet Aerospace by 3.6% in the 1st quarter. Empirical Finance LLC now owns 13,606 shares of the company’s stock worth $931,000 after buying an additional 478 shares during the last quarter. Hedge funds and other institutional investors 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.