Howmet Aerospace (NYSE:HWM) Stock Price Expected to Rise, Truist Financial Analyst Says

Howmet Aerospace (NYSE:HWM) had its target price raised by Truist Financial from $128.00 to $130.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

HWM has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Wells Fargo & Company raised their target price on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Barclays raised their target price on Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, November 11th. UBS Group lifted their price target on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Bank of America lifted their price target on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $115.71.

Howmet Aerospace Stock Up 3.8 %

Shares of NYSE:HWM opened at $119.14 on Tuesday. The stock has a market cap of $48.40 billion, a price-to-earnings ratio of 45.47, a price-to-earnings-growth ratio of 1.56 and a beta of 1.49. Howmet Aerospace has a fifty-two week low of $53.18 and a fifty-two week high of $120.71. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. The firm’s 50 day moving average price is $114.16 and its 200 day moving average price is $100.89.

Institutional Trading of Howmet Aerospace

A number of institutional investors have recently modified their holdings of the company. Quest Partners LLC lifted its position in Howmet Aerospace by 96.5% during the 2nd quarter. Quest Partners LLC now owns 721 shares of the company’s stock worth $56,000 after acquiring an additional 354 shares in the last quarter. Meeder Advisory Services Inc. bought a new position in Howmet Aerospace during the second quarter worth $227,000. Wealthspire Advisors LLC bought a new position in Howmet Aerospace during the second quarter worth $209,000. Envestnet Asset Management Inc. lifted its stake in Howmet Aerospace by 3.9% during the second quarter. Envestnet Asset Management Inc. now owns 402,111 shares of the company’s stock worth $31,216,000 after purchasing an additional 15,167 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Howmet Aerospace by 2.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,102,155 shares of the company’s stock worth $163,218,000 after purchasing an additional 56,614 shares during the last quarter. Hedge funds and other 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.