Howmet Aerospace (NYSE:HWM) Price Target Raised to $135.00

Howmet Aerospace (NYSE:HWM) had its target price hoisted by Bank of America from $100.00 to $135.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts also recently issued reports on the stock. KeyCorp downgraded shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Sanford C. Bernstein boosted their price objective on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Wells Fargo & Company boosted their price objective on shares of Howmet Aerospace from $113.00 to $129.00 and gave the stock an “overweight” rating in a research note on Tuesday. Susquehanna boosted their price objective on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research note on Thursday, November 7th. Finally, UBS Group boosted their price objective on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $115.41.

Howmet Aerospace Trading Down 1.1 %

Howmet Aerospace stock traded down $1.21 during trading on Wednesday, reaching $112.01. The company had a trading volume of 2,221,703 shares, compared to its average volume of 2,935,654. Howmet Aerospace has a 12-month low of $51.22 and a 12-month high of $116.74. The stock’s 50 day moving average price is $102.37 and its two-hundred day moving average price is $90.95. The firm has a market capitalization of $45.51 billion, a price-to-earnings ratio of 42.75, a PEG ratio of 1.57 and a beta of 1.46. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24.

Howmet Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a yield of 0.29%. Howmet Aerospace’s dividend payout ratio (DPR) is 12.21%.

Insider Buying and Selling at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 70,637 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $96.94, for a total value of $6,847,550.78. Following the transaction, the executive vice president now directly owns 92,687 shares in the company, valued at approximately $8,985,077.78. This trade represents a 43.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the completion of the transaction, the chief financial officer now owns 155,135 shares in the company, valued at approximately $14,982,938.30. The trade was a 49.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Senator Investment Group LP lifted its position in shares of Howmet Aerospace by 24.8% in the 2nd quarter. Senator Investment Group LP now owns 156,000 shares of the company’s stock worth $12,110,000 after buying an additional 31,000 shares during the last quarter. Terra Nova Asset Management LLC acquired a new stake in shares of Howmet Aerospace in the 3rd quarter worth about $1,264,000. Wealthspire Advisors LLC acquired a new stake in shares of Howmet Aerospace in the 2nd quarter worth about $209,000. Livforsakringsbolaget Skandia Omsesidigt increased its holdings 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 worth $206,000 after acquiring an additional 1,900 shares during the period. Finally, Blair William & Co. IL increased its holdings in shares of Howmet Aerospace by 51.6% in the 1st quarter. Blair William & Co. IL now owns 25,488 shares of the company’s stock worth $1,744,000 after acquiring an additional 8,676 shares during the period. 90.46% of the stock is currently owned by 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.