Wells Fargo & Company Has Lowered Expectations for Howmet Aerospace (NYSE:HWM) Stock Price

Howmet Aerospace (NYSE:HWM) had its target price decreased by stock analysts at Wells Fargo & Company from $146.00 to $132.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 2.91% from the stock’s current price.

HWM has been the subject of a number of other reports. Truist Financial reiterated a “buy” rating and set a $140.00 target price (up from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. JPMorgan Chase & Co. boosted their price target on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Barclays boosted their price target on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. The Goldman Sachs Group upped their target price on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, Morgan Stanley upped their target price on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Howmet Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $123.28.

Howmet Aerospace Stock Up 11.9 %

NYSE:HWM opened at $128.27 on Tuesday. The firm has a market capitalization of $51.95 billion, a price-to-earnings ratio of 45.49, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. Howmet Aerospace has a twelve month low of $62.80 and a twelve month high of $140.55. The stock’s 50 day moving average price is $128.84 and its two-hundred day moving average price is $117.67. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Equities research analysts expect that Howmet Aerospace will post 3.27 earnings per share for the current fiscal year.

Institutional Trading of Howmet Aerospace

Institutional investors and hedge funds have recently modified their holdings of the business. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Howmet Aerospace during the fourth quarter valued at approximately $25,000. Meeder Asset Management Inc. increased its position in Howmet Aerospace by 208.1% in the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock worth $25,000 after buying an additional 154 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Howmet Aerospace in the fourth quarter worth $25,000. R Squared Ltd purchased a new stake in Howmet Aerospace in the fourth quarter worth $26,000. Finally, Washington Trust Advisors Inc. purchased a new stake in Howmet Aerospace in the fourth quarter worth $29,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

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.