BTIG Research Forecasts Strong Price Appreciation for Howmet Aerospace (NYSE:HWM) Stock

Howmet Aerospace (NYSE:HWM) had its price target increased by stock analysts at BTIG Research from $205.00 to $240.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. BTIG Research’s price target indicates a potential upside of 16.24% from the stock’s previous close.

Several other research analysts have also recently issued reports on HWM. UBS Group increased their price objective on Howmet Aerospace from $199.00 to $209.00 and gave the stock a “neutral” rating in a research report on Friday. Weiss Ratings reiterated a “buy (b)” rating on shares of Howmet Aerospace in a report on Wednesday, October 8th. TD Cowen upped their price target on Howmet Aerospace from $210.00 to $240.00 and gave the stock a “buy” rating in a report on Friday. Wall Street Zen raised Howmet Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Finally, Zacks Research downgraded Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Fifteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $197.07.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $206.47 on Monday. The firm’s 50 day simple moving average is $188.59 and its 200-day simple moving average is $176.08. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.31 and a quick ratio of 1.08. The stock has a market capitalization of $83.23 billion, a price-to-earnings ratio of 60.37, a PEG ratio of 2.64 and a beta of 1.45. Howmet Aerospace has a 12 month low of $99.10 and a 12 month high of $211.95.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.04. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period in the previous year, the firm earned $0.81 EPS. Howmet Aerospace’s revenue was up 13.8% on a year-over-year basis. Howmet Aerospace has set its FY 2025 guidance at 3.660-3.680 EPS. Q4 2025 guidance at 0.940-0.960 EPS. Analysts expect that Howmet Aerospace will post 3.27 EPS for the current year.

Institutional Trading of Howmet Aerospace

Several institutional investors and hedge funds have recently bought and sold shares of HWM. Vanguard Group Inc. raised its position in Howmet Aerospace by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 48,475,394 shares of the company’s stock worth $9,022,725,000 after purchasing an additional 662,132 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Howmet Aerospace by 30.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 31,806,624 shares of the company’s stock valued at $5,920,181,000 after buying an additional 7,356,077 shares during the period. State Street Corp grew its stake in shares of Howmet Aerospace by 1.2% in the 2nd quarter. State Street Corp now owns 17,686,075 shares of the company’s stock valued at $3,291,909,000 after buying an additional 205,424 shares during the period. Geode Capital Management LLC boosted its stake in Howmet Aerospace by 7.0% during the 2nd quarter. Geode Capital Management LLC now owns 10,938,815 shares of the company’s stock valued at $2,032,221,000 after purchasing an additional 719,888 shares during the last quarter. Finally, Norges Bank acquired a new position in Howmet Aerospace during the 2nd quarter valued at about $1,633,157,000. 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.