Howmet Aerospace Inc. (NYSE:HWM) – Equities analysis analysts at KeyCorp dropped their Q3 2021 earnings per share estimates for Howmet Aerospace in a analysis report issued on Thursday, August fifth. KeyCorp analyst P. Gibbs now anticipates that the corporate will earn $0.25 per share for the quarter, down from their prior forecast of $0.26. KeyCorp at the moment has a “Obese” ranking and a $38.00 goal worth on the inventory. KeyCorp additionally issued estimates for Howmet Aerospace’s This fall 2021 earnings at $0.31 EPS. Howmet Aerospace (NYSE:HWM) final introduced its quarterly earnings information on Tuesday, August third. The corporate reported $0.22 earnings per share for the quarter, assembly analysts’ consensus estimates of $0.22. Howmet Aerospace had a web margin of two.61% and a return on fairness of 9.96%. The enterprise had income of $1.20 billion throughout the quarter, in comparison with the consensus estimate of $1.22 billion. Throughout the identical quarter within the prior 12 months, the agency earned $0.12 EPS. The corporate’s income for the quarter was down 4.6% in comparison with the identical quarter final 12 months.
HWM has been the topic of plenty of different studies. Wells Fargo & Firm began protection on shares of Howmet Aerospace in a analysis observe on Tuesday, Could 18th. They set an “chubby” ranking and a $39.00 goal worth for the corporate. Zacks Investment Research upgraded shares of Howmet Aerospace from a “maintain” ranking to a “purchase” ranking and set a $33.00 worth goal on the inventory in a report on Friday. Lastly, Argus boosted their worth goal on shares of Howmet Aerospace from $33.00 to $38.00 and gave the corporate a “purchase” ranking in a report on Wednesday, Could nineteenth. Twelve equities analysis analysts have rated the inventory with a purchase ranking, The corporate at the moment has a consensus ranking of “Purchase” and a mean goal worth of $32.73.
Shares of NYSE:HWM opened at $31.74 on Monday. The corporate has a present ratio of 1.98, a fast ratio of 1.12 and a debt-to-equity ratio of 1.17. The agency’s 50-day easy transferring common is $33.65. The corporate has a market cap of $13.61 billion, a P/E ratio of 113.36 and a beta of 1.95. Howmet Aerospace has a fifty-two week low of $16.15 and a fifty-two week excessive of $36.03.
The enterprise additionally lately disclosed a quarterly dividend, which will likely be paid on Wednesday, August twenty fifth. Shareholders of report on Friday, August sixth will likely be given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend is Thursday, August fifth. Howmet Aerospace’s payout ratio is presently 10.00%.
A number of hedge funds and different institutional buyers have lately modified their holdings of the corporate. Deseret Mutual Profit Directors purchased a brand new place in shares of Howmet Aerospace within the 2nd quarter valued at about $104,000. Mutual of America Capital Administration LLC boosted its stake in Howmet Aerospace by 1.6% throughout the 2nd quarter. Mutual of America Capital Administration LLC now owns 50,470 shares of the corporate’s inventory price $1,740,000 after buying a further 772 shares over the last quarter. Nomura Asset Administration Co. Ltd. boosted its stake in Howmet Aerospace by 3.3% throughout the 2nd quarter. Nomura Asset Administration Co. Ltd. now owns 77,608 shares of the corporate’s inventory price $2,675,000 after buying a further 2,481 shares over the last quarter. Mitsubishi UFJ Kokusai Asset Administration Co. Ltd. boosted its stake in Howmet Aerospace by 15.3% throughout the 2nd quarter. Mitsubishi UFJ Kokusai Asset Administration Co. Ltd. now owns 145,576 shares of the corporate’s inventory price $5,018,000 after buying a further 19,302 shares over the last quarter. Lastly, Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in Howmet Aerospace by 7.1% throughout the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 11,143 shares of the corporate’s inventory price $384,000 after buying a further 741 shares over the last quarter. 88.47% of the inventory is at the moment owned by institutional buyers.
About Howmet Aerospace
Howmet Aerospace, Inc engages in provision of engineered options for the aerospace and transportation industries. It operates by means of the next segments: Engine Merchandise, Fastening Methods, Engineered Constructions, and Solid Wheels. The Engine Merchandise section produces funding castings, together with airfoils, and seamless rolled rings primarily for plane engines (aerospace business and protection) and industrial fuel generators.
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