Bank of America Increases Howmet Aerospace (NYSE:HWM) Price Target to $250.00

Howmet Aerospace (NYSE:HWM) had its price target raised by analysts at Bank of America from $215.00 to $250.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s target price would indicate a potential upside of 22.38% from the stock’s previous close.

A number of other brokerages have also issued reports on HWM. Weiss Ratings reissued a “buy (b)” rating on shares of Howmet Aerospace in a research note on Wednesday, October 8th. Barclays reiterated an “overweight” rating and set a $190.00 target price (up from $140.00) on shares of Howmet Aerospace in a research report on Monday, August 4th. Vertical Research reissued a “buy” rating on shares of Howmet Aerospace in a research note on Thursday, July 31st. Cowen reaffirmed a “buy” rating on shares of Howmet Aerospace in a research note on Friday, October 31st. Finally, Zacks Research lowered shares of Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Fourteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $215.29.

Howmet Aerospace Trading Up 1.5%

Shares of HWM stock traded up $2.99 during trading hours on Friday, reaching $204.29. 500,904 shares of the stock were exchanged, compared to its average volume of 2,770,843. The firm has a market capitalization of $82.14 billion, a price-to-earnings ratio of 59.82, a price-to-earnings-growth ratio of 2.64 and a beta of 1.47. Howmet Aerospace has a 12-month low of $105.04 and a 12-month high of $211.95. The company’s 50-day moving average price is $194.21 and its 200-day moving average price is $180.34. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter last year, the firm earned $0.81 earnings per share. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. Howmet Aerospace has set its FY 2025 guidance at 3.660-3.680 EPS. Q4 2025 guidance at 0.940-0.960 EPS. As a group, equities analysts anticipate that Howmet Aerospace will post 3.27 earnings per share for the current year.

Hedge Funds Weigh In On Howmet Aerospace

A number of hedge funds and other institutional investors have recently modified their holdings of HWM. Global Trust Asset Management LLC lifted its stake in shares of Howmet Aerospace by 1.2% during the 3rd quarter. Global Trust Asset Management LLC now owns 4,110 shares of the company’s stock worth $807,000 after purchasing an additional 50 shares during the last quarter. REAP Financial Group LLC grew its holdings in Howmet Aerospace by 24.1% in the third quarter. REAP Financial Group LLC now owns 263 shares of the company’s stock worth $52,000 after purchasing an additional 51 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Howmet Aerospace by 1.7% during the third quarter. Parallel Advisors LLC now owns 3,134 shares of the company’s stock worth $615,000 after purchasing an additional 51 shares in the last quarter. Tradewinds Capital Management LLC lifted its holdings in shares of Howmet Aerospace by 52.0% during the 3rd quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock valued at $30,000 after purchasing an additional 52 shares during the last quarter. Finally, Wedbush Securities Inc. boosted its position in shares of Howmet Aerospace by 1.4% in the 3rd quarter. Wedbush Securities Inc. now owns 3,885 shares of the company’s stock worth $762,000 after purchasing an additional 52 shares in the last quarter. 90.46% of the stock is currently owned by 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.