Howmet Aerospace (NYSE:HWM) Price Target Raised to $155.00

Howmet Aerospace (NYSE:HWM) had its price target hoisted by Morgan Stanley from $125.00 to $155.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other equities analysts also recently commented on the stock. KeyCorp downgraded shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. increased their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Wells Fargo & Company increased their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Susquehanna raised their price target on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird raised their price target on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.28.

Howmet Aerospace Price Performance

HWM opened at $129.83 on Wednesday. The stock has a fifty day moving average of $121.18 and a 200-day moving average of $109.59. The firm has a market capitalization of $52.58 billion, a P/E ratio of 46.04, a PEG ratio of 1.94 and a beta of 1.50. Howmet Aerospace has a 12-month low of $62.80 and a 12-month high of $140.55. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. Equities analysts forecast that Howmet Aerospace will post 3.26 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. The ex-dividend date is Friday, February 7th. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio (DPR) is presently 14.18%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HWM. Norges Bank bought a new position in Howmet Aerospace during the fourth quarter worth about $1,001,558,000. JPMorgan Chase & Co. lifted its stake in Howmet Aerospace by 14.0% during the fourth quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company’s stock worth $2,209,071,000 after purchasing an additional 2,486,649 shares during the period. Winslow Capital Management LLC bought a new position in Howmet Aerospace during the fourth quarter worth about $265,844,000. Janus Henderson Group PLC lifted its stake in Howmet Aerospace by 10.3% during the fourth quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company’s stock worth $1,197,315,000 after purchasing an additional 1,026,130 shares during the period. Finally, Zurich Insurance Group Ltd FI bought a new position in Howmet Aerospace during the fourth quarter worth about $102,996,000. Institutional investors 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.