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Howmet Aerospace (NYSE:HWM) Analysis Protection Began at Financial institution of America

ByEditorialTeam

Oct 10, 2022

Inventory analysts at Financial institution of America initiated protection on shares of Howmet Aerospace (NYSE:HWMGet Score) in a analysis report issued to purchasers and buyers on Monday, The Fly experiences. The brokerage set a “purchase” ranking and a $40.00 value goal on the inventory. Financial institution of America‘s goal value factors to a possible upside of twenty-two.93% from the corporate’s earlier shut.

A number of different analysis analysts have additionally commented on the inventory. Truist Monetary initiated protection on shares of Howmet Aerospace in a report on Wednesday, July sixth. They issued a “purchase” ranking and a $41.00 value goal for the corporate. Benchmark upgraded shares of Howmet Aerospace from a “maintain” ranking to a “purchase” ranking and set a $40.00 value goal for the corporate in a analysis observe on Friday, July eighth. Morgan Stanley elevated their value goal on shares of Howmet Aerospace from $43.00 to $45.00 and gave the inventory an “obese” ranking in a analysis observe on Thursday, September eighth. Lastly, KeyCorp decreased their value goal on shares of Howmet Aerospace from $42.00 to $41.00 and set an “obese” ranking for the corporate in a analysis observe on Friday, July eighth. Seven equities analysis analysts have rated the inventory with a purchase ranking, In response to MarketBeat.com, the corporate has a mean ranking of “Purchase” and a consensus value goal of $40.86.

Howmet Aerospace Inventory Down 2.0 %

Shares of NYSE HWM opened at $32.54 on Monday. The corporate has a present ratio of two.15, a fast ratio of 0.96 and a debt-to-equity ratio of 1.24. Howmet Aerospace has a 12 month low of $27.41 and a 12 month excessive of $38.99. The agency has a market capitalization of $13.52 billion, a PE ratio of 36.16 and a beta of 1.58. The agency has a fifty day easy shifting common of $35.40 and a two-hundred day easy shifting common of $34.67.

Howmet Aerospace (NYSE:HWMGet Score) final issued its quarterly earnings information on Thursday, August 4th. The corporate reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. Howmet Aerospace had a web margin of seven.23% and a return on fairness of 15.45%. The enterprise had income of $1.39 billion through the quarter, in comparison with analyst estimates of $1.37 billion. Throughout the identical interval within the prior yr, the enterprise earned $0.22 EPS. The corporate’s income for the quarter was up 16.6% on a year-over-year foundation. Equities analysts count on that Howmet Aerospace will submit 1.42 earnings per share for the present yr.

Institutional Buying and selling of Howmet Aerospace

Various institutional buyers and hedge funds have just lately purchased and bought shares of HWM. Clear Road Markets LLC elevated its stake in Howmet Aerospace by 402.6% through the 2nd quarter. Clear Road Markets LLC now owns 784 shares of the corporate’s inventory valued at $25,000 after buying a further 628 shares within the final quarter. CX Institutional purchased a brand new stake in Howmet Aerospace through the 2nd quarter valued at about $35,000. AIA Group Ltd purchased a brand new stake in Howmet Aerospace through the 1st quarter valued at about $36,000. CNB Financial institution elevated its stake in Howmet Aerospace by 1,412.0% through the 2nd quarter. CNB Financial institution now owns 1,134 shares of the corporate’s inventory valued at $36,000 after buying a further 1,059 shares within the final quarter. Lastly, Parallel Advisors LLC boosted its holdings in shares of Howmet Aerospace by 25.7% through the 2nd quarter. Parallel Advisors LLC now owns 1,351 shares of the corporate’s inventory valued at $42,000 after buying a further 276 shares over the last quarter. 90.86% of the inventory is presently owned by institutional buyers.

About Howmet Aerospace

(Get Score)

Howmet Aerospace Inc supplies superior engineered options for the aerospace and transportation industries in the USA, Japan, France, Germany, the UK, Mexico, Italy, Canada, Poland, China, and internationally. It operates via 4 segments: Engine Merchandise, Fastening Techniques, Engineered Buildings, and Solid Wheels.

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Analyst Recommendations for Howmet Aerospace (NYSE:HWM)

This on the spot information alert was generated by narrative science expertise and monetary information from MarketBeat with a view to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to [email protected]

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