Howmet Aerospace (NYSE:HWM) Given New $155.00 Price Target at Morgan Stanley

Howmet Aerospace (NYSE:HWM) had its target price increased by equities research analysts at Morgan Stanley from $125.00 to $155.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 11.73% from the stock’s current price.

A number of other research analysts also recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Robert W. Baird lifted their price target on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Truist Financial reiterated a “buy” rating and issued a $140.00 price target (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Bank of America lifted their price target on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, The Goldman Sachs Group boosted their target price on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.28.

Howmet Aerospace Trading Up 1.5 %

HWM traded up $2.06 during trading on Wednesday, hitting $138.73. 1,082,297 shares of the stock were exchanged, compared to its average volume of 2,659,747. The firm has a 50 day simple moving average of $119.90 and a 200 day simple moving average of $108.88. The firm has a market cap of $56.36 billion, a price-to-earnings ratio of 49.20, a P/E/G ratio of 1.51 and a beta of 1.50. Howmet Aerospace has a 1 year low of $62.70 and a 1 year high of $139.06. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. As a group, equities analysts expect that Howmet Aerospace will post 3.17 EPS for the current year.

Hedge Funds Weigh In On Howmet Aerospace

Institutional investors and hedge funds have recently modified their holdings of the stock. Murphy & Mullick Capital Management Corp acquired a new position in shares of Howmet Aerospace in the 4th quarter valued at about $25,000. Meeder Asset Management Inc. lifted its holdings in shares of Howmet Aerospace by 208.1% in the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock valued at $25,000 after buying an additional 154 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Howmet Aerospace in the 4th quarter valued at about $25,000. R Squared Ltd acquired a new position in shares of Howmet Aerospace in the 4th quarter valued at about $26,000. Finally, RiverPark Advisors LLC acquired a new position in shares of Howmet Aerospace in the 3rd quarter valued at about $26,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

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.