Howmet Aerospace (NYSE:HWM) Stock Price Target Lowered at UBS Group

Howmet Aerospace (NYSE:HWM) had its price target lowered by UBS Group from $255.00 to $230.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group‘s price target would indicate a potential upside of 15.33% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. BNP Paribas Exane lowered their target price on shares of Howmet Aerospace from $310.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday. Jefferies Financial Group reissued a “buy” rating and set a $350.00 price target on shares of Howmet Aerospace in a research report on Monday. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $298.00 price objective (down from $328.00) on shares of Howmet Aerospace in a report on Wednesday, October 7th. Citigroup reaffirmed a “buy” rating on shares of Howmet Aerospace in a report on Tuesday, October 27th. Finally, Royal Bank Of Canada cut their target price on 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 issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $295.95.

Howmet Aerospace Stock Performance

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

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

Institutional Investors Weigh In On Howmet Aerospace

A number of large investors have recently modified their holdings of the business. Man Group plc purchased a new position in shares of Howmet Aerospace during the second quarter valued at approximately $104,566,000. Assenagon Asset Management S.A. lifted its stake in Howmet Aerospace by 128.6% during 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 in the last quarter. State Street Corp boosted its holdings in Howmet Aerospace by 3.3% during the 2nd quarter. State Street Corp now owns 18,933,928 shares of the company’s stock worth $5,090,576,000 after acquiring an additional 612,866 shares during the last quarter. HighTower Advisors LLC boosted its holdings in Howmet Aerospace by 14.9% during the 2nd quarter. HighTower Advisors LLC now owns 68,260 shares of the company’s stock worth $18,352,000 after acquiring an additional 8,829 shares during the last quarter. Finally, Moore Capital Management LP bought a new stake in shares of Howmet Aerospace in the 2nd quarter worth $6,178,000. Institutional investors and hedge funds 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.