Howmet Aerospace (NYSE:HWM) Coverage Initiated at Susquehanna

Stock analysts at Susquehanna initiated coverage on shares of Howmet Aerospace (NYSE:HWM) in a research note issued to investors on Tuesday, MarketBeat reports. The brokerage set a “positive” rating and a $120.00 price target on the stock. Susquehanna’s price objective would indicate a potential upside of 15.72% from the company’s current price.

HWM has been the topic of several other reports. Deutsche Bank Aktiengesellschaft raised their target price on Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Benchmark raised their price target on Howmet Aerospace from $53.00 to $85.00 and gave the company a “buy” rating in a report on Friday, July 12th. Truist Financial upped their price objective on shares of Howmet Aerospace from $88.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. raised their target price on shares of Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada upped their price target on shares of Howmet Aerospace from $90.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Howmet Aerospace currently has an average rating of “Moderate Buy” and an average price target of $96.63.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $103.70 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.53 and a quick ratio of 0.74. The firm has a market capitalization of $42.33 billion, a PE ratio of 50.10, a P/E/G ratio of 1.47 and a beta of 1.46. Howmet Aerospace has a 1-year low of $42.94 and a 1-year high of $104.24. The business’s fifty day moving average price is $95.88 and its two-hundred day moving average price is $83.38.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.07. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Howmet Aerospace had a net margin of 13.15% and a return on equity of 23.02%. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 EPS. On average, research analysts expect that Howmet Aerospace will post 2.59 EPS for the current year.

Insider Transactions at Howmet Aerospace

In other news, CFO Ken Giacobbe sold 154,909 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was 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 of the company’s stock, valued at $14,982,938.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Ken Giacobbe sold 154,909 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were 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 in the company, valued at approximately $14,982,938.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 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. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.12% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Cultivar Capital Inc. purchased a new stake in shares of Howmet Aerospace during the second quarter worth $26,000. LGT Financial Advisors LLC lifted its holdings in shares of Howmet Aerospace by 278.7% during the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock valued at $28,000 after buying an additional 262 shares during the last quarter. Rothschild Investment LLC bought a new stake in shares of Howmet Aerospace in the 2nd quarter valued at approximately $32,000. Versant Capital Management Inc grew its stake in shares of Howmet Aerospace by 1,209.1% in the 2nd quarter. Versant Capital Management Inc now owns 432 shares of the company’s stock valued at $34,000 after buying an additional 399 shares in the last quarter. Finally, Whittier Trust Co. increased its holdings in Howmet Aerospace by 81.4% in the first quarter. Whittier Trust Co. now owns 508 shares of the company’s stock worth $35,000 after buying an additional 228 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

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.