Howmet Aerospace (NYSE:HWM) Given New $230.00 Price Target at UBS Group

Howmet Aerospace (NYSE:HWM) had its price objective trimmed by UBS Group from $255.00 to $230.00 in a report released on Friday,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities research analysts have also recently weighed in on HWM. Morgan Stanley restated an “overweight” rating and set a $335.00 target price on shares of Howmet Aerospace in a research note on Monday, August 10th. Citigroup reissued a “buy” rating on shares of Howmet Aerospace in a research report on Tuesday, October 27th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Howmet Aerospace from $338.00 to $343.00 and gave the company a “buy” rating in a research note on Friday, August 7th. BTIG Research increased their price objective on Howmet Aerospace from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Finally, Royal Bank Of Canada decreased their target price on shares of Howmet Aerospace from $350.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $295.95.

Howmet Aerospace Trading Up 0.1%

HWM opened at $199.43 on Friday. The business has a 50 day moving average of $229.00 and a 200-day moving average of $248.49. The company has a quick ratio of 0.90, a current ratio of 1.86 and a debt-to-equity ratio of 0.70. The stock has a market cap of $79.31 billion, a PE ratio of 39.03, a PEG ratio of 1.75 and a beta of 1.31. Howmet Aerospace has a 52 week low of $183.52 and a 52 week high of $310.00.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Thursday, October 29th. The company reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.09. The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.59 billion. Howmet Aerospace had a return on equity of 36.44% and a net margin of 21.10%. Howmet Aerospace’s quarterly revenue was up 29.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 earnings per share. Equities research analysts predict that Howmet Aerospace will post 5.45 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Friday, November 6th will be issued a $0.14 dividend. The ex-dividend date is Friday, November 6th. This represents a $0.56 annualized dividend and a yield of 0.3%. Howmet Aerospace’s payout ratio is 10.96%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Man Group plc purchased a new stake in Howmet Aerospace in the 2nd quarter worth $104,566,000. Assenagon Asset Management S.A. raised its stake in shares of Howmet Aerospace by 128.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 748,791 shares of the company’s stock valued at $169,362,000 after acquiring an additional 421,300 shares during the period. State Street Corp boosted its stake in shares of Howmet Aerospace by 3.3% in the second quarter. State Street Corp now owns 18,933,928 shares of the company’s stock valued at $5,090,576,000 after purchasing an additional 612,866 shares during the period. HighTower Advisors LLC boosted its holdings in Howmet Aerospace by 14.9% in the second quarter. HighTower Advisors LLC now owns 68,260 shares of the company’s stock valued at $18,352,000 after purchasing an additional 8,829 shares during the period. Finally, Moore Capital Management LP purchased a new stake in Howmet Aerospace during the 2nd quarter worth about $6,178,000. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Company Profile

Howmet Aerospace Inc (NYSE:HWM) is a global manufacturer of advanced engineered products and materials primarily serving the aerospace, defense, commercial transportation and industrial markets. The company develops components designed to operate in demanding environments where strength, durability and weight reduction are important.

Howmet’s product portfolio includes aircraft engine components, airframe structures, titanium and nickel-based forgings, fastening systems and wheels for commercial vehicles.