Howmet Aerospace (NYSE:HWM) Given New $227.00 Price Target at JPMorgan Chase & Co.

Howmet Aerospace (NYSE:HWM) had its price target lifted by JPMorgan Chase & Co. from $190.00 to $227.00 in a report published on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

HWM has been the topic of several other reports. The Goldman Sachs Group increased their price target on Howmet Aerospace from $205.00 to $226.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Industrial Alliance Securities set a $240.00 price target on shares of Howmet Aerospace in a research report on Monday, November 3rd. Morgan Stanley set a $225.00 price objective on Howmet Aerospace and gave the stock an “overweight” rating in a research note on Friday, October 31st. Susquehanna set a $235.00 price target on Howmet Aerospace and gave the company a “positive” rating in a report on Friday, October 31st. Finally, Cowen reaffirmed a “buy” rating on shares of Howmet Aerospace in a research report on Friday, October 31st. Fourteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $212.79.

Howmet Aerospace Stock Performance

Shares of HWM opened at $209.66 on Monday. The company has a market cap of $84.30 billion, a price-to-earnings ratio of 61.30, a P/E/G ratio of 2.64 and a beta of 1.47. The business’s fifty day simple moving average is $192.44 and its two-hundred day simple moving average is $179.51. Howmet Aerospace has a 12 month low of $105.04 and a 12 month high of $211.95. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%.The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the company posted $0.81 earnings per share. The company’s quarterly revenue was up 13.8% on a year-over-year basis. Howmet Aerospace has set its FY 2025 guidance at 3.660-3.680 EPS. Q4 2025 guidance at 0.940-0.960 EPS. Research analysts anticipate that Howmet Aerospace will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Friday, November 7th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, November 7th. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 13.48%.

Institutional Investors Weigh In On Howmet Aerospace

Hedge funds have recently made changes to their positions in the company. Global Trust Asset Management LLC lifted its position in shares of Howmet Aerospace by 1.2% in the third quarter. Global Trust Asset Management LLC now owns 4,110 shares of the company’s stock valued at $807,000 after acquiring an additional 50 shares in the last quarter. REAP Financial Group LLC lifted its holdings in Howmet Aerospace by 24.1% in the 3rd quarter. REAP Financial Group LLC now owns 263 shares of the company’s stock valued at $52,000 after purchasing an additional 51 shares in the last quarter. Tradewinds Capital Management LLC boosted its stake in Howmet Aerospace by 52.0% during the 3rd quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock worth $30,000 after purchasing an additional 52 shares during the last quarter. Wedbush Securities Inc. grew its holdings in shares of Howmet Aerospace by 1.4% during the third quarter. Wedbush Securities Inc. now owns 3,885 shares of the company’s stock worth $762,000 after buying an additional 52 shares in the last quarter. Finally, Mystic Asset Management Inc. raised its position in shares of Howmet Aerospace by 2.6% in the third quarter. Mystic Asset Management Inc. now owns 2,154 shares of the company’s stock valued at $423,000 after buying an additional 55 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

About Howmet Aerospace

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.