Howmet Aerospace (NYSE:HWM) Given New $250.00 Price Target at Bank of America

Howmet Aerospace (NYSE:HWM) had its price objective boosted by stock analysts at Bank of America from $215.00 to $250.00 in a report released on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s target price points to a potential upside of 22.38% from the stock’s current price.

A number of other equities research analysts also recently commented on the company. The Goldman Sachs Group lifted their target price on Howmet Aerospace from $205.00 to $226.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. TD Cowen lifted their price objective on shares of Howmet Aerospace from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Howmet Aerospace in a report on Wednesday, October 8th. Vertical Research reiterated a “buy” rating on shares of Howmet Aerospace in a research note on Thursday, July 31st. Finally, Morgan Stanley set a $225.00 target price on shares of Howmet Aerospace and gave the company an “overweight” rating in a research report on Friday, October 31st. Fourteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Howmet Aerospace has a consensus rating of “Moderate Buy” and an average target price of $215.29.

Howmet Aerospace Stock Performance

Shares of NYSE:HWM traded up $2.99 on Friday, hitting $204.29. 500,904 shares of the company were exchanged, compared to its average volume of 2,770,843. The firm has a market capitalization of $82.14 billion, a P/E ratio of 59.82, a price-to-earnings-growth ratio of 2.64 and a beta of 1.47. 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 has a 1-year low of $105.04 and a 1-year high of $211.95. The stock’s 50 day moving average price is $194.21 and its 200 day moving average price is $180.34.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, October 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the business posted $0.81 EPS. The firm’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. Sell-side analysts predict that Howmet Aerospace will post 3.27 EPS for the current year.

Institutional Investors Weigh In On Howmet Aerospace

Hedge funds have recently modified their holdings of the company. Vident Advisory LLC increased its stake in shares of Howmet Aerospace by 14.7% in the 3rd quarter. Vident Advisory LLC now owns 22,686 shares of the company’s stock valued at $4,452,000 after purchasing an additional 2,914 shares in the last quarter. Dnca Finance boosted its position in Howmet Aerospace by 100.0% during the third quarter. Dnca Finance now owns 10,000 shares of the company’s stock worth $1,962,000 after purchasing an additional 5,000 shares in the last quarter. iSAM Funds UK Ltd purchased a new position in Howmet Aerospace during the third quarter worth approximately $385,000. Wellington Management Group LLP grew its holdings in Howmet Aerospace by 11.8% in the third quarter. Wellington Management Group LLP now owns 1,608,647 shares of the company’s stock valued at $315,665,000 after purchasing an additional 169,245 shares during the period. Finally, NorthRock Partners LLC increased its position in shares of Howmet Aerospace by 20.5% in the third quarter. NorthRock Partners LLC now owns 6,041 shares of the company’s stock valued at $1,185,000 after buying an additional 1,027 shares in the last quarter. 90.46% of the stock is 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.