Howmet Aerospace (NYSE:HWM) Price Target Raised to $129.00 at Wells Fargo & Company

Howmet Aerospace (NYSE:HWM) had its target price upped by stock analysts at Wells Fargo & Company from $113.00 to $129.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 12.28% from the company’s current price.

A number of other analysts also recently weighed in on the stock. Sanford C. Bernstein raised their price target on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. BTIG Research upped their price target on shares of Howmet Aerospace from $95.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Barclays lifted their target price on Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday. JPMorgan Chase & Co. raised their price objective on shares of Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, 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 report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $114.19.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $114.89 on Tuesday. The company’s fifty day simple moving average is $100.74 and its 200-day simple moving average is $89.97. The company has a current ratio of 2.24, a quick ratio of 0.74 and a debt-to-equity ratio of 0.76. Howmet Aerospace has a 52 week low of $49.36 and a 52 week high of $115.98. The company has a market cap of $46.89 billion, a PE ratio of 43.77, a P/E/G ratio of 1.60 and a beta of 1.46.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the completion of the sale, the chief financial officer now owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Howmet Aerospace news, CFO Ken Giacobbe sold 154,909 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total value of $14,961,111.22. Following the completion of the sale, the chief financial officer now directly owns 155,135 shares in the company, valued at $14,982,938.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Neil Edward Marchuk sold 70,637 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $96.94, for a total value of $6,847,550.78. Following the sale, the executive vice president now directly owns 92,687 shares in the company, valued at approximately $8,985,077.78. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.12% of the company’s stock.

Institutional Trading of Howmet Aerospace

Hedge funds and other institutional investors have recently modified their holdings of the company. Cultivar Capital Inc. bought a new stake in Howmet Aerospace in the second quarter valued at approximately $26,000. RiverPark Advisors LLC acquired a new stake in Howmet Aerospace during the 3rd quarter worth approximately $26,000. LGT Financial Advisors LLC boosted its stake in Howmet Aerospace by 278.7% in the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock valued at $28,000 after purchasing an additional 262 shares during the period. Hollencrest Capital Management acquired a new position in Howmet Aerospace in the 3rd quarter valued at $30,000. Finally, Rothschild Investment LLC bought a new position in Howmet Aerospace during the 2nd quarter worth $32,000. 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.