Howmet Aerospace (NYSE:HWM) Price Target Increased to $84.00 by Analysts at Robert W. Baird

Howmet Aerospace (NYSE:HWM) had its price objective hoisted by Robert W. Baird from $74.00 to $84.00 in a research report report published on Friday morning, Benzinga reports. They currently have an outperform rating on the stock.

A number of other analysts also recently issued reports on HWM. Royal Bank of Canada started coverage on Howmet Aerospace in a research report on Monday, March 18th. They set an outperform rating and a $75.00 price target for the company. Sanford C. Bernstein initiated coverage on Howmet Aerospace in a research report on Friday, January 5th. They set an outperform rating and a $67.00 price target for the company. JPMorgan Chase & Co. boosted their target price on Howmet Aerospace from $55.00 to $60.00 and gave the stock an overweight rating in a research report on Wednesday, February 14th. The Goldman Sachs Group boosted their price objective on Howmet Aerospace from $65.00 to $77.00 and gave the company a buy rating in a research report on Tuesday, April 16th. Finally, Benchmark reiterated a buy rating and issued a $53.00 price objective on shares of Howmet Aerospace in a research report on Friday, April 19th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $69.77.

Howmet Aerospace Price Performance

HWM stock traded up $1.79 during mid-day trading on Friday, reaching $78.89. 6,147,936 shares of the company traded hands, compared to its average volume of 3,546,927. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.97 and a quick ratio of 0.87. The company has a market capitalization of $32.22 billion, a P/E ratio of 38.11, a P/E/G ratio of 1.86 and a beta of 1.41. Howmet Aerospace has a 52-week low of $42.17 and a 52-week high of $79.47. The company has a fifty day moving average price of $66.70 and a 200-day moving average price of $57.97.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Thursday, May 2nd. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.74 billion. Howmet Aerospace had a return on equity of 21.33% and a net margin of 12.53%. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 EPS. As a group, analysts anticipate that Howmet Aerospace will post 2.35 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, May 10th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 9.66%.

Insider Activity

In other news, EVP Neil Edward Marchuk sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the transaction, the executive vice president now directly owns 229,568 shares of the company’s stock, valued at $15,482,065.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.12% of the company’s stock.

Institutional Investors Weigh In On Howmet Aerospace

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Accurate Wealth Management LLC purchased a new stake in Howmet Aerospace in the fourth quarter worth $2,825,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Howmet Aerospace in the third quarter worth $1,697,000. QRG Capital Management Inc. purchased a new stake in Howmet Aerospace in the third quarter worth $407,000. Cullen Investment Group LTD. purchased a new stake in Howmet Aerospace in the fourth quarter worth $703,000. Finally, Victory Capital Management Inc. grew its stake in Howmet Aerospace by 15.0% in the third quarter. Victory Capital Management Inc. now owns 347,072 shares of the company’s stock worth $16,052,000 after purchasing an additional 45,246 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

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.