Howmet Aerospace (NYSE:HWM) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Howmet Aerospace (NYSE:HWM) from a buy rating to a hold rating in a research note issued to investors on Saturday.

A number of other research firms have also commented on HWM. Truist Financial set a $258.00 price objective on Howmet Aerospace in a research note on Friday. BNP Paribas Exane initiated coverage on Howmet Aerospace in a research report on Tuesday, November 18th. They issued an “outperform” rating and a $240.00 price target on the stock. Morgan Stanley set a $225.00 price target on Howmet Aerospace and gave the company an “overweight” rating in a research note on Friday, October 31st. The Goldman Sachs Group upped their price objective on shares of Howmet Aerospace from $205.00 to $226.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Howmet Aerospace in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $222.82.

Howmet Aerospace Price Performance

NYSE:HWM opened at $220.00 on Friday. Howmet Aerospace has a 52 week low of $105.04 and a 52 week high of $221.44. The firm has a market cap of $88.45 billion, a price-to-earnings ratio of 61.80, a P/E/G ratio of 2.08 and a beta of 1.29. The firm’s 50-day simple moving average is $203.61 and its 200 day simple moving average is $191.92. 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) last posted its quarterly earnings data 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 net margin of 18.18% and a return on equity of 29.21%. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the previous year, the firm posted $0.81 EPS. The business’s revenue for the quarter 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. As a group, sell-side analysts predict that Howmet Aerospace will post 3.27 earnings per share for the current year.

Institutional Investors Weigh In On Howmet Aerospace

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Traub Capital Management LLC acquired a new stake in shares of Howmet Aerospace in the second quarter valued at about $25,000. Winnow Wealth LLC acquired a new stake in Howmet Aerospace during the 2nd quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. raised its holdings in Howmet Aerospace by 119.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after purchasing an additional 73 shares during the last quarter. Tradewinds Capital Management LLC raised its holdings 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. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of Howmet Aerospace in the 2nd quarter worth approximately $32,000. 90.46% of the stock is owned by institutional investors.

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.