Howmet Aerospace (NYSE:HWM) Stock Price Expected to Rise, Truist Financial Analyst Says

Howmet Aerospace (NYSE:HWM) had its price objective increased by research analysts at Truist Financial from $128.00 to $130.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 6.61% from the company’s current price.

Other equities analysts also recently issued research reports about the company. KeyCorp downgraded Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Robert W. Baird lifted their price target on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Sanford C. Bernstein raised their price objective on shares of Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Barclays upped their target price on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, Royal Bank of Canada raised their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $115.71.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $121.94 on Tuesday. The stock has a market capitalization of $49.54 billion, a P/E ratio of 46.54, a price-to-earnings-growth ratio of 1.56 and a beta of 1.49. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. Howmet Aerospace has a 1 year low of $53.18 and a 1 year high of $124.15. The firm has a 50 day moving average of $114.16 and a 200-day moving average of $100.89.

Institutional Investors Weigh In On Howmet Aerospace

A number of institutional investors and hedge funds have recently made changes to their positions in HWM. Aaron Wealth Advisors LLC lifted its stake in Howmet Aerospace by 3.6% in the fourth quarter. Aaron Wealth Advisors LLC now owns 4,705 shares of the company’s stock valued at $515,000 after acquiring an additional 164 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in Howmet Aerospace in the 4th quarter valued at about $289,000. HB Wealth Management LLC lifted its stake in Howmet Aerospace by 24.6% in the 4th quarter. HB Wealth Management LLC now owns 4,860 shares of the company’s stock valued at $532,000 after purchasing an additional 958 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. bought a new position in Howmet Aerospace during the fourth quarter worth about $209,000. Finally, Brooklyn Investment Group increased its position in Howmet Aerospace by 6.1% during the fourth quarter. Brooklyn Investment Group now owns 1,678 shares of the company’s stock worth $183,000 after buying an additional 97 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

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.