Howmet Aerospace (NYSE:HWM) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Howmet Aerospace (NYSE:HWM) had its target price lifted by research analysts at Royal Bank of Canada from $105.00 to $135.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 19.82% from the stock’s current price.

Several other research firms have also commented on HWM. Robert W. Baird increased their price objective on shares of Howmet Aerospace from $84.00 to $113.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Barclays boosted their price objective on Howmet Aerospace from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. KeyCorp lowered Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Sanford C. Bernstein boosted their target price on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Finally, BTIG Research raised 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Howmet Aerospace has an average rating of “Moderate Buy” and an average target price of $107.81.

Howmet Aerospace Price Performance

Shares of HWM traded down $2.19 during mid-day trading on Thursday, reaching $112.67. The stock had a trading volume of 797,956 shares, compared to its average volume of 2,948,612. The business has a fifty day moving average of $99.39 and a 200 day moving average of $88.58. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.74 and a current ratio of 1.53. The firm has a market cap of $45.99 billion, a price-to-earnings ratio of 49.92, a PEG ratio of 1.45 and a beta of 1.46. 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 quarterly 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. Howmet Aerospace had a return on equity of 23.02% and a net margin of 13.15%. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Equities analysts predict that Howmet Aerospace will post 2.59 EPS for the current year.

Insider Transactions at Howmet Aerospace

In other Howmet Aerospace news, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction 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 transaction, the chief financial officer now directly owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Ken Giacobbe sold 154,909 shares of the business’s stock in a transaction dated 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 owns 155,135 shares in the company, valued at approximately $14,982,938.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Neil Edward Marchuk sold 70,637 shares of the company’s stock in a transaction dated 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 trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.12% of the company’s stock.

Institutional Trading of Howmet Aerospace

Several large investors have recently added to or reduced their stakes in HWM. Senator Investment Group LP boosted its holdings in shares of Howmet Aerospace by 24.8% in the 2nd quarter. Senator Investment Group LP now owns 156,000 shares of the company’s stock valued at $12,110,000 after acquiring an additional 31,000 shares during the last quarter. Terra Nova Asset Management LLC purchased a new stake in Howmet Aerospace in the third quarter valued at $1,264,000. Wealthspire Advisors LLC purchased a new stake in Howmet Aerospace in the second quarter valued at $209,000. Livforsakringsbolaget Skandia Omsesidigt grew its position in Howmet Aerospace by 1,258.3% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company’s stock worth $206,000 after purchasing an additional 1,900 shares during the period. Finally, Blair William & Co. IL raised its stake in shares of Howmet Aerospace by 51.6% during the 1st quarter. Blair William & Co. IL now owns 25,488 shares of the company’s stock valued at $1,744,000 after buying an additional 8,676 shares during the last quarter. Hedge funds and other institutional investors 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.