Howmet Aerospace (NYSE:HWM) Price Target Raised to $135.00

Howmet Aerospace (NYSE:HWM) had its price target lifted by equities research analysts at Bank of America from $100.00 to $135.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s price objective suggests a potential upside of 19.21% from the stock’s previous close.

HWM has been the topic of a number of other research reports. UBS Group increased their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Barclays raised their price target on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday. Royal Bank of Canada raised their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, KeyCorp lowered shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.41.

Howmet Aerospace Stock Performance

NYSE HWM opened at $113.25 on Wednesday. Howmet Aerospace has a 1 year low of $51.22 and a 1 year high of $116.74. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. The stock has a market capitalization of $46.01 billion, a PE ratio of 43.23, a P/E/G ratio of 1.54 and a beta of 1.46. The company’s 50 day simple moving average is $101.58 and its two-hundred day simple moving average is $90.48.

Insider Buying and Selling at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 70,637 shares of the company’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 completion of the transaction, the executive vice president now owns 92,687 shares in the company, valued at approximately $8,985,077.78. This represents a 43.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. This represents a 49.96 % decrease in their position. The disclosure for this sale can be found here. 1.12% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Howmet Aerospace

Institutional investors have recently bought and sold shares of the business. Cultivar Capital Inc. bought a new position in Howmet Aerospace during the second quarter valued at $26,000. RiverPark Advisors LLC bought a new position in Howmet Aerospace during the third quarter valued at $26,000. LGT Financial Advisors LLC lifted its position in Howmet Aerospace by 278.7% during the second quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock valued at $28,000 after purchasing an additional 262 shares during the last quarter. Hollencrest Capital Management purchased a new stake in shares of Howmet Aerospace in the third quarter valued at $30,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Howmet Aerospace in the second quarter valued at $32,000. 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.