Howmet Aerospace (NYSE:HWM) Reaches New 12-Month High – What’s Next?

Howmet Aerospace Inc. (NYSE:HWM)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $129.20 and last traded at $129.50, with a volume of 2296 shares traded. The stock had previously closed at $129.00.

Analyst Ratings Changes

A number of research analysts have recently commented on HWM shares. Barclays boosted their price target on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. 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 research note on Thursday, November 7th. Bank of America boosted their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Truist Financial raised their target price on Howmet Aerospace from $128.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Finally, Susquehanna upped their price objective on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.71.

Howmet Aerospace Stock Performance

The firm has a market cap of $52.17 billion, a PE ratio of 48.98, a PEG ratio of 1.43 and a beta of 1.50. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The firm’s 50 day moving average price is $117.83 and its two-hundred day moving average price is $106.11.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be paid a dividend of $0.10 per share. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend is Friday, February 7th. Howmet Aerospace’s dividend payout ratio is presently 12.21%.

Hedge Funds Weigh In On Howmet Aerospace

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lifeworks Advisors LLC purchased a new position in Howmet Aerospace during the 4th quarter valued at about $214,000. PNC Financial Services Group Inc. grew its position in Howmet Aerospace by 5.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 65,570 shares of the company’s stock worth $7,171,000 after purchasing an additional 3,676 shares during the last quarter. Banco Santander S.A. acquired a new stake in Howmet Aerospace in the fourth quarter worth approximately $468,000. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Howmet Aerospace by 14.8% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 141,327 shares of the company’s stock worth $15,704,000 after acquiring an additional 18,227 shares in the last quarter. Finally, Andra AP fonden boosted its position in Howmet Aerospace by 14.4% during the 4th quarter. Andra AP fonden now owns 61,200 shares of the company’s stock worth $6,693,000 after acquiring an additional 7,700 shares during the period. 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.