Wells Fargo & Company Raises Howmet Aerospace (NYSE:HWM) Price Target to $132.00

Howmet Aerospace (NYSE:HWM) had its target price lifted by stock analysts at Wells Fargo & Company from $129.00 to $132.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 16.09% from the company’s previous close.

Several other analysts have also recently weighed in on HWM. Deutsche Bank Aktiengesellschaft boosted their price objective 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. Barclays raised their target price on Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Royal Bank of Canada raised their price objective on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Robert W. Baird upped their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Sanford C. Bernstein upped their target price on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Howmet Aerospace presently has an average rating of “Moderate Buy” and an average target price of $115.59.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $113.70 on Wednesday. The firm has a market capitalization of $46.19 billion, a price-to-earnings ratio of 43.40, a PEG ratio of 1.59 and a beta of 1.48. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The business’s 50-day moving average price is $109.80 and its 200-day moving average price is $95.79. Howmet Aerospace has a 12 month low of $52.36 and a 12 month high of $120.71.

Institutional Investors Weigh In On Howmet Aerospace

Institutional investors and hedge funds have recently made changes to their positions in the business. Caprock Group LLC increased its stake in Howmet Aerospace by 1.0% in the 3rd quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock worth $1,121,000 after acquiring an additional 106 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its position in shares of Howmet Aerospace by 6.8% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company’s stock worth $195,000 after purchasing an additional 124 shares during the last quarter. OneDigital Investment Advisors LLC increased its position in shares of Howmet Aerospace by 2.4% in the third quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company’s stock worth $527,000 after purchasing an additional 124 shares during the last quarter. Assetmark Inc. raised its stake in Howmet Aerospace by 40.0% in the third quarter. Assetmark Inc. now owns 441 shares of the company’s stock valued at $44,000 after purchasing an additional 126 shares in the last quarter. Finally, Huntington National Bank lifted its position in Howmet Aerospace by 11.1% during the third quarter. Huntington National Bank now owns 1,526 shares of the company’s stock valued at $153,000 after purchasing an additional 152 shares during the last quarter. Hedge funds and other 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.