Howmet Aerospace Inc. (NYSE:HWM - Get Free Report) was the recipient of some unusual options trading on Friday. Stock investors purchased 4,288 call options on the stock. This represents an increase of 60% compared to the typical daily volume of 2,685 call options.
A number of analysts have commented on the company. Barclays raised their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Tuesday. Bank of America lifted their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. increased their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. The Goldman Sachs Group upped their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Royal Bank of Canada raised their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.28.
View Our Latest Analysis on Howmet Aerospace
NYSE:HWM traded down $1.46 during trading hours on Friday, hitting $136.99. The stock had a trading volume of 217,247 shares, compared to its average volume of 2,653,680. The business's 50 day moving average is $120.86 and its 200-day moving average is $109.29. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The company has a market cap of $55.48 billion, a price-to-earnings ratio of 48.51, a P/E/G ratio of 1.94 and a beta of 1.50. Howmet Aerospace has a one year low of $62.80 and a one year high of $140.55.
Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.03. The business had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. Sell-side analysts anticipate that Howmet Aerospace will post 3.26 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.29%. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.08. Howmet Aerospace's payout ratio is currently 14.18%.
Hedge funds have recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp bought a new stake in Howmet Aerospace in the 4th quarter valued at $25,000. Meeder Asset Management Inc. boosted its holdings in shares of Howmet Aerospace by 208.1% during the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock worth $25,000 after acquiring an additional 154 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $25,000. RiverPark Advisors LLC acquired a new stake in Howmet Aerospace during the third quarter worth about $26,000. Finally, R Squared Ltd bought a new position in Howmet Aerospace in the 4th quarter valued at about $26,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.
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.
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