Susquehanna Boosts Howmet Aerospace (NYSE:HWM) Price Target to $132.00

Howmet Aerospace (NYSE:HWM) had its target price upped by equities researchers at Susquehanna from $120.00 to $132.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “positive” rating on the stock. Susquehanna’s price objective points to a potential upside of 17.42% from the company’s current price.

HWM has been the subject of a number of other reports. JPMorgan Chase & Co. increased their target price on shares of Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Royal Bank of Canada lifted their target price 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. UBS Group lifted their target price on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Finally, BTIG Research lifted their target price on shares of Howmet Aerospace from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $105.94.

Howmet Aerospace Stock Performance

NYSE:HWM traded down $2.44 during mid-day trading on Thursday, reaching $112.42. The stock had a trading volume of 634,152 shares, compared to its average volume of 2,947,742. 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 capitalization of $45.88 billion, a price-to-earnings ratio of 50.24, a PEG ratio of 1.45 and a beta of 1.46. Howmet Aerospace has a twelve month low of $47.88 and a twelve month high of $115.38. The business has a 50 day simple moving average of $99.39 and a 200 day simple moving average of $88.58.

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

Insider Activity at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Ken Giacobbe sold 154,909 shares of the business’s stock in a transaction that occurred 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Neil Edward Marchuk sold 70,637 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 92,687 shares of the company’s stock, valued at $8,985,077.78. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.12% of the company’s stock.

Institutional Investors Weigh In On Howmet Aerospace

A number of institutional investors have recently made changes to their positions in HWM. Claro Advisors LLC acquired a new position in Howmet Aerospace during the 3rd quarter valued at approximately $363,000. RiverPark Advisors LLC acquired a new position in Howmet Aerospace during the 3rd quarter worth $26,000. Mutual of America Capital Management LLC boosted its position in Howmet Aerospace by 2.7% during the 3rd quarter. Mutual of America Capital Management LLC now owns 50,266 shares of the company’s stock worth $5,039,000 after acquiring an additional 1,343 shares during the period. Natixis Advisors LLC boosted its position in Howmet Aerospace by 23.3% during the 3rd quarter. Natixis Advisors LLC now owns 730,239 shares of the company’s stock worth $73,206,000 after acquiring an additional 137,776 shares during the period. Finally, Mizuho Securities USA LLC boosted its position in Howmet Aerospace by 112.2% during the 3rd quarter. Mizuho Securities USA LLC now owns 63,454 shares of the company’s stock worth $6,361,000 after acquiring an additional 33,555 shares during the period. 90.46% of the stock is currently owned by institutional investors.

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.