Howmet Aerospace (NYSE:HWM) Sets New 12-Month High – Time to Buy?
by Mitch Edgeman · The Markets DailyHowmet Aerospace Inc. (NYSE:HWM – Get Free Report)’s stock price reached a new 52-week high on Thursday . The company traded as high as $227.94 and last traded at $220.3370, with a volume of 3286 shares trading hands. The stock had previously closed at $225.00.
Analysts Set New Price Targets
Several brokerages recently commented on HWM. JPMorgan Chase & Co. lifted their target price on shares of Howmet Aerospace from $190.00 to $227.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Sanford C. Bernstein restated an “outperform” rating and issued a $247.00 price objective on shares of Howmet Aerospace in a research report on Tuesday, January 6th. Citigroup upped their price objective on shares of Howmet Aerospace from $246.00 to $255.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Royal Bank Of Canada increased their target price on shares of Howmet Aerospace from $210.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Finally, Industrial Alliance Securities set a $240.00 price target on Howmet Aerospace in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $224.53.
Howmet Aerospace Stock Performance
The company’s 50-day moving average price is $205.86 and its 200 day moving average price is $193.90. The stock has a market capitalization of $87.39 billion, a PE ratio of 61.33, a PEG ratio of 2.08 and a beta of 1.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 2.35.
Howmet Aerospace (NYSE:HWM – Get Free Report) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.91 by $0.04. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period last year, the business posted $0.81 earnings per share. Howmet Aerospace’s quarterly revenue was up 13.8% compared to the same quarter last year. Howmet Aerospace has set its FY 2025 guidance at 3.660-3.680 EPS and its Q4 2025 guidance at 0.940-0.960 EPS. On average, equities research analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.
Howmet Aerospace Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Friday, February 6th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, February 6th. Howmet Aerospace’s dividend payout ratio is presently 13.48%.
Hedge Funds Weigh In On Howmet Aerospace
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Howmet Aerospace by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 49,139,989 shares of the company’s stock worth $9,642,740,000 after acquiring an additional 664,595 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Howmet Aerospace by 30.1% in the second quarter. JPMorgan Chase & Co. now owns 31,806,624 shares of the company’s stock worth $5,920,181,000 after purchasing an additional 7,356,077 shares during the period. State Street Corp increased its stake in shares of Howmet Aerospace by 1.6% during the third quarter. State Street Corp now owns 17,964,662 shares of the company’s stock valued at $3,525,206,000 after purchasing an additional 278,587 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Howmet Aerospace by 7.0% during the second quarter. Geode Capital Management LLC now owns 10,938,815 shares of the company’s stock valued at $2,032,221,000 after purchasing an additional 719,888 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Howmet Aerospace by 2.4% during the third quarter. Bank of America Corp DE now owns 10,877,771 shares of the company’s stock valued at $2,134,545,000 after purchasing an additional 255,419 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 is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.
Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.