Howmet Aerospace Inc. (NYSE:HWM) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Howmet Aerospace Inc. (NYSE:HWM) have been assigned an average recommendation of “Moderate Buy” from the seventeen analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and fourteen have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $115.59.

Several equities analysts have recently commented on the company. Susquehanna increased their target price on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th. Robert W. Baird increased their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Royal Bank of Canada boosted their target price on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Bank of America increased their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Sanford C. Bernstein boosted their price objective on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, October 21st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Senator Investment Group LP boosted its position in shares of Howmet Aerospace by 24.8% during the second quarter. Senator Investment Group LP now owns 156,000 shares of the company’s stock worth $12,110,000 after buying an additional 31,000 shares during the period. Terra Nova Asset Management LLC bought a new stake in Howmet Aerospace during the 3rd quarter valued at $1,264,000. Stifel Financial Corp boosted its position in Howmet Aerospace by 12.1% during the 3rd quarter. Stifel Financial Corp now owns 263,830 shares of the company’s stock worth $26,450,000 after acquiring an additional 28,568 shares during the period. Wealthspire Advisors LLC bought a new position in shares of Howmet Aerospace in the second quarter worth $209,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Howmet Aerospace by 1,258.3% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company’s stock valued at $206,000 after purchasing an additional 1,900 shares during the period. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Up 3.0 %

NYSE:HWM opened at $115.02 on Friday. The stock has a market cap of $46.73 billion, a price-to-earnings ratio of 43.90, a price-to-earnings-growth ratio of 1.56 and a beta of 1.49. Howmet Aerospace has a one year low of $53.18 and a one year high of $120.71. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The business’s 50-day simple moving average is $113.27 and its 200 day simple moving average is $99.81.

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.