Howmet Aerospace (NYSE:HWM) Upgraded at KeyCorp

Howmet Aerospace (NYSE:HWM) was upgraded by equities researchers at KeyCorp from a “sector weight” rating to an “overweight” rating in a report issued on Tuesday, Briefing.com reports. The firm currently has a $237.00 price objective on the stock. KeyCorp‘s target price points to a potential upside of 11.33% from the stock’s previous close.

A number of other analysts also recently issued reports on HWM. Jefferies Financial Group lowered their target price on Howmet Aerospace from $370.00 to $350.00 and set a “buy” rating on the stock in a research report on Monday. BNP Paribas Exane reduced their price target on Howmet Aerospace from $310.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday. Sanford C. Bernstein reissued an “outperform” rating and set a $298.00 price target (down from $328.00) on shares of Howmet Aerospace in a research report on Wednesday, October 7th. UBS Group decreased their price target on Howmet Aerospace from $255.00 to $230.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Citigroup reaffirmed a “buy” rating on shares of Howmet Aerospace in a research report on Tuesday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $295.81.

Howmet Aerospace Stock Up 6.9%

Shares of HWM stock opened at $212.89 on Tuesday. The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 0.71. Howmet Aerospace has a 1 year low of $183.52 and a 1 year high of $310.00. The firm’s fifty day moving average price is $227.83 and its two-hundred day moving average price is $248.46. The firm has a market capitalization of $85.18 billion, a P/E ratio of 41.66, a PEG ratio of 1.75 and a beta of 1.21.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Thursday, October 29th. The company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.37 by $0.09. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the previous year, the firm posted $0.95 EPS. The company’s revenue for the quarter was up 29.4% on a year-over-year basis. On average, equities analysts predict that Howmet Aerospace will post 5.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Alps Advisors Inc. boosted its stake in Howmet Aerospace by 8.9% in the third quarter. Alps Advisors Inc. now owns 7,104 shares of the company’s stock worth $1,607,000 after buying an additional 578 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its position in Howmet Aerospace by 15.1% during the third quarter. Ashton Thomas Private Wealth LLC now owns 4,251 shares of the company’s stock valued at $961,000 after acquiring an additional 557 shares during the last quarter. CenterBook Partners LP grew its position in Howmet Aerospace by 587.3% during the third quarter. CenterBook Partners LP now owns 9,175 shares of the company’s stock valued at $2,075,000 after acquiring an additional 7,840 shares during the last quarter. Calamos Wealth Management LLC bought a new position in Howmet Aerospace during the third quarter valued at approximately $237,000. Finally, Burke & Herbert Bank & Trust Co. raised its stake in shares of Howmet Aerospace by 4.0% during the third quarter. Burke & Herbert Bank & Trust Co. now owns 1,702 shares of the company’s stock worth $385,000 after acquiring an additional 65 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

More Howmet Aerospace News

Here are the key news stories impacting Howmet Aerospace this week:

• Positive Sentiment: KeyBanc upgraded Howmet Aerospace to Overweight following the company’s third-quarter report, signaling increased confidence in its earnings outlook and aerospace-related growth prospects. KeyBanc upgrades Howmet Aerospace to Overweight after Q3 report
• Positive Sentiment: A Zacks analysis said growth investors should not overlook HWM, citing above-average financial growth and the company’s potential to outperform the broader market. 3 Reasons Why Growth Investors Shouldn’t Overlook Howmet
• Positive Sentiment: BTIG maintained a Buy rating while setting a $280 price target, which still implies substantial potential upside from the stock’s referenced price, despite reducing its previous target. BTIG Adjusts Price Target on Howmet Aerospace
• Neutral Sentiment: BTIG lowered its price target to $280 from $340, reflecting more cautious valuation assumptions, but its continued Buy rating indicates analysts still view HWM’s long-term fundamentals favorably. Howmet Aerospace price target lowered at BTIG
• Negative Sentiment: UBS reduced its target to $230 from $255 and maintained a Neutral rating, while Susquehanna and BNP Paribas Exane also trimmed their targets, adding pressure to the near-term valuation narrative. Howmet Aerospace Stock Gets Price Target Reduction from BNP Paribas Exane Howmet Aerospace Stock Gets Price Target Trim from Susquehanna

About Howmet Aerospace

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.