Howmet Aerospace Inc. (NYSE:HWM) Receives Average “Buy” Recommendation From Brokerages
Howmet Aerospace Inc. (NYSE:HWM – Get Rating) received an average “Buy” recommendation from the eight brokerages that currently cover the company, MarketBeat.com reports. One investment analyst rated the stock with a hold recommendation and six gave the company a buy recommendation. The 12-month average price target among brokers who updated their coverage on the stock in the past year is $39.00.
A number of research firms commented on HWM. Morgan Stanley raised its price target on Howmet Aerospace from $40.00 to $43.00 and gave the stock an “overweight” rating in a Thursday, Feb. 3 research note. KeyCorp raised its price target on Howmet Aerospace from $36.00 to $41.00 and gave the stock an “overweight” rating in a Monday, April 4 research note. Zacks Investment Research upgraded Howmet Aerospace from a “sell” rating to a “hold” rating and set a price target of $34.00 on the stock in a Monday, Feb. 7 research note. Finally, TheStreet upgraded Howmet Aerospace from a “c+” rating to a “b” rating in a Wednesday, February 2 research note.
Howmet Aerospace shares opened at $34.99 on Wednesday. The company has a market capitalization of $14.61 billion, a price-earnings ratio of 59.31 and a beta of 1.59. Howmet Aerospace has a fifty-two-week low of $27.41 and a fifty-two-week high of $37.66. The company has a debt ratio of 1.22, a quick ratio of 1.07 and a current ratio of 2.18. The stock has a 50-day moving average of $35.09 and a 200-day moving average of $32.96.
Howmet Aerospace (NYSE:HWM – Get Rating) last released its quarterly results on Tuesday, May 3. The company reported EPS of $0.31 for the quarter, beating analyst consensus estimates of $0.29 by $0.02. Howmet Aerospace achieved a return on equity of 12.52% and a net margin of 5.19%. The company posted revenue of $1.32 billion for the quarter, versus $1.31 billion for analysts. In the same period a year earlier, the company earned earnings per share of $0.22. The company’s revenue increased by 9.5% compared to the same quarter last year. Analysts expect Howmet Aerospace will post EPS of 1.38 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 25. Shareholders of record on Friday, May 6 will receive a dividend of $0.02. This represents a dividend of $0.08 on an annualized basis and a yield of 0.23%. The ex-dividend date is Thursday, May 5. Howmet Aerospace’s dividend payout ratio is currently 13.56%.
Institutional investors have recently bought and sold shares of the company. First Community Trust NA acquired a new stake in Howmet Aerospace in the fourth quarter valued at $28,000. KB Financial Partners LLC acquired a new stake in Howmet Aerospace in the fourth quarter worth $35,000. CWM LLC acquired a new stake in Howmet Aerospace in the fourth quarter valued at $40,000. Sandy Spring Bank increased its stake in Howmet Aerospace by 1,200.0% in the first quarter. Sandy Spring Bank now owns 1,300 shares of the company valued at $47,000 after buying an additional 1,200 shares in the last quarter. Finally, Rockefeller Capital Management LP increased its stake in Howmet Aerospace by 297.7% in the fourth quarter. Rockefeller Capital Management LP now owns 1,750 shares of the company valued at $55,000 after buying an additional 1,310 shares last quarter. Institutional investors hold 97.01% of the company’s shares.
About Howmet Aerospace (Get a rating)
Howmet Aerospace Inc provides advanced engineering solutions for the aerospace and transportation industries in USA, Japan, France, Germany, UK, Mexico, Italy, Canada, Poland , in China and internationally. It operates through four segments: engine products, fastening systems, engineering structures and forged wheels.
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