Robert W. Baird Boosts Howmet Aerospace (NYSE:HWM) Price Target to $144.00

Howmet Aerospace (NYSE:HWM) had its target price upped by equities research analysts at Robert W. Baird from $113.00 to $144.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s target price would suggest a potential upside of 28.62% from the company’s current price.

HWM has been the topic of several other research reports. Barclays lifted their price target on Howmet Aerospace from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Truist Financial raised their target price on Howmet Aerospace from $123.00 to $128.00 and gave the stock a “buy” rating in a research note on Thursday. Susquehanna upped their price objective on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday. BTIG Research lifted their price target on shares of Howmet Aerospace from $95.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, Sanford C. Bernstein raised their target price on shares of Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $109.75.

Howmet Aerospace Stock Performance

NYSE:HWM traded down $2.90 during mid-day trading on Thursday, reaching $111.96. The company’s stock had a trading volume of 1,158,603 shares, compared to its average volume of 2,949,962. The stock has a market cap of $45.70 billion, a P/E ratio of 49.83, a PEG ratio of 1.45 and a beta of 1.46. The company has a current ratio of 1.53, a quick ratio of 0.74 and a debt-to-equity ratio of 0.68. The firm’s fifty day moving average price is $99.39 and its two-hundred day moving average price is $88.58. Howmet Aerospace has a 12-month low of $47.88 and a 12-month high of $115.38.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Wednesday, November 6th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.06. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.85 billion. Howmet Aerospace had a net margin of 13.15% and a return on equity of 23.02%. On average, equities analysts forecast that Howmet Aerospace will post 2.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total value of $6,847,550.78. Following the completion of the transaction, the executive vice president now directly owns 92,687 shares in the company, valued at $8,985,077.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total value of $14,961,111.22. Following the completion of the sale, the chief financial officer now owns 155,135 shares of the company’s stock, valued at $14,982,938.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Neil Edward Marchuk sold 70,637 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the transaction, the executive vice president now owns 92,687 shares in the company, valued at approximately $8,985,077.78. This represents a 0.00 % 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 corporate insiders.

Institutional Trading of Howmet Aerospace

A number of institutional investors and hedge funds have recently made changes to their positions in HWM. JPMorgan Chase & Co. boosted its position in Howmet Aerospace by 18.7% during the first quarter. JPMorgan Chase & Co. now owns 17,877,503 shares of the company’s stock worth $1,223,358,000 after purchasing an additional 2,813,911 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Howmet Aerospace by 28.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 14,130,606 shares of the company’s stock valued at $966,959,000 after acquiring an additional 3,158,186 shares during the period. Lone Pine Capital LLC bought a new position in Howmet Aerospace during the second quarter worth $284,539,000. TD Asset Management Inc boosted its holdings in Howmet Aerospace by 16.9% in the 2nd quarter. TD Asset Management Inc now owns 3,152,629 shares of the company’s stock valued at $244,739,000 after purchasing an additional 455,180 shares during the period. Finally, Capital Research Global Investors acquired a new stake in Howmet Aerospace in the 1st quarter worth $148,996,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

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.