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

Howmet Aerospace (NYSE:HWM) had its price objective upped by Royal Bank of Canada from $105.00 to $135.00 in a report published on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other analysts also recently commented on HWM. UBS Group upped their price objective on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday. BTIG Research increased their price target on Howmet Aerospace from $95.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. KeyCorp cut Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft raised their target price on Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, Robert W. Baird boosted their price target on Howmet Aerospace from $84.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $109.75.

Howmet Aerospace Stock Performance

Shares of NYSE:HWM traded up $2.51 during trading on Thursday, hitting $113.65. The stock had a trading volume of 2,012,930 shares, compared to its average volume of 2,317,974. The stock has a 50-day simple moving average of $100.38 and a two-hundred day simple moving average of $89.44. The stock has a market capitalization of $46.39 billion, a price-to-earnings ratio of 43.38, a price-to-earnings-growth ratio of 1.63 and a beta of 1.46. Howmet Aerospace has a 12-month low of $48.39 and a 12-month high of $115.38. The company has a quick ratio of 0.74, a current ratio of 2.24 and a debt-to-equity ratio of 0.76.

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Friday, November 8th. Howmet Aerospace’s dividend payout ratio is presently 12.21%.

Insiders Place Their Bets

In related news, CFO Ken Giacobbe sold 154,909 shares of the 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 transaction, the chief financial officer now directly owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of the business’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 $8,985,077.78. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the sale, the chief financial officer now directly owns 155,135 shares in the company, valued at approximately $14,982,938.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.12% of the stock is owned by company insiders.

Institutional Trading of Howmet Aerospace

A number of hedge funds and other institutional investors have recently modified their holdings of HWM. RiverPark Advisors LLC purchased a new position in shares of Howmet Aerospace during the 3rd quarter worth approximately $26,000. Hollencrest Capital Management purchased a new position in Howmet Aerospace during the 3rd quarter valued at about $30,000. Cultivar Capital Inc. purchased a new stake in Howmet Aerospace during the second quarter worth about $26,000. LGT Financial Advisors LLC boosted its stake in shares of Howmet Aerospace by 278.7% in the second quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock valued at $28,000 after purchasing an additional 262 shares during the period. Finally, Rothschild Investment LLC purchased a new stake in Howmet Aerospace during the 2nd quarter worth approximately $32,000. 90.46% of the stock is owned by institutional investors and hedge funds.

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.