Howmet Aerospace Inc. (NYSE:HWM) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Howmet Aerospace Inc. (NYSE:HWM) have been assigned an average recommendation of “Moderate Buy” from the seventeen research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $115.71.

A number of equities research analysts recently weighed in on HWM shares. Barclays upped their price target on Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Truist Financial lifted their price objective on Howmet Aerospace from $128.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Sanford C. Bernstein increased their target price on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Robert W. Baird boosted their price target on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Susquehanna increased their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th.

Howmet Aerospace Stock Down 0.0 %

HWM stock opened at $126.52 on Tuesday. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The company’s 50-day moving average price is $116.98 and its 200 day moving average price is $105.13. Howmet Aerospace has a 52 week low of $57.12 and a 52 week high of $129.10. The company has a market cap of $51.40 billion, a P/E ratio of 48.29, a P/E/G ratio of 1.43 and a beta of 1.49.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date is Friday, February 7th. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s payout ratio is 15.27%.

Hedge Funds Weigh In On Howmet Aerospace

A number of large investors have recently modified their holdings of HWM. Senator Investment Group LP increased its position in Howmet Aerospace by 24.8% during the 2nd quarter. Senator Investment Group LP now owns 156,000 shares of the company’s stock worth $12,110,000 after purchasing an additional 31,000 shares in the last quarter. Terra Nova Asset Management LLC purchased a new stake in Howmet Aerospace during the third quarter worth approximately $1,264,000. Stifel Financial Corp increased its position in shares of Howmet Aerospace by 12.1% in the third quarter. Stifel Financial Corp now owns 263,830 shares of the company’s stock worth $26,450,000 after acquiring an additional 28,568 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Howmet Aerospace by 1,258.3% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company’s stock valued at $206,000 after acquiring an additional 1,900 shares during the period. Finally, Vista Investment Partners LLC acquired a new position in shares of Howmet Aerospace during the 4th quarter valued at $531,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

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.