Fintel reports that on July 25, 2023, Baird initiated coverage of Howmet Aerospace (NYSE:HWM) with a Outperform recommendation.
Analyst Price Forecast Suggests 3.60% Upside
As of July 6, 2023, the average one-year price target for Howmet Aerospace is 51.87. The forecasts range from a low of 42.42 to a high of $57.75. The average price target represents an increase of 3.60% from its latest reported closing price of 50.07.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Howmet Aerospace is 6,236MM, an increase of 4.95%. The projected annual non-GAAP EPS is 1.75.
What is the Fund Sentiment?
There are 1253 funds or institutions reporting positions in Howmet Aerospace. This is an increase of 58 owner(s) or 4.85% in the last quarter. Average portfolio weight of all funds dedicated to HWM is 0.27%, an increase of 10.47%. Total shares owned by institutions decreased in the last three months by 1.62% to 452,530K shares. 
The put/call ratio of HWM is 0.59, indicating a bullish outlook.
What are Other Shareholders Doing?
Elliott Investment Management holds 24,676K shares representing 5.97% ownership of the company. In it's prior filing, the firm reported owning 34,693K shares, representing a decrease of 40.60%. The firm decreased its portfolio allocation in HWM by 30.59% over the last quarter.
Massachusetts Financial Services holds 23,824K shares representing 5.76% ownership of the company. In it's prior filing, the firm reported owning 18,486K shares, representing an increase of 22.41%. The firm increased its portfolio allocation in HWM by 35.84% over the last quarter.
Janus Henderson Group holds 18,596K shares representing 4.50% ownership of the company. In it's prior filing, the firm reported owning 18,707K shares, representing a decrease of 0.59%. The firm decreased its portfolio allocation in HWM by 1.35% over the last quarter.
Boston Partners holds 18,223K shares representing 4.41% ownership of the company. In it's prior filing, the firm reported owning 20,940K shares, representing a decrease of 14.91%. The firm decreased its portfolio allocation in HWM by 62.96% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 11,468K shares representing 2.77% ownership of the company. In it's prior filing, the firm reported owning 11,302K shares, representing an increase of 1.45%. The firm increased its portfolio allocation in HWM by 0.73% over the last quarter.
Howmet Aerospace Background Information
(This description is provided by the company.)
Howmet Aerospace Inc., headquartered in Pittsburgh, Pennsylvania, is a leading global provider of advanced engineered solutions for the aerospace and transportation industries. The Company's primary businesses focus on jet engine components, aerospace fastening systems, and titanium structural parts necessary for mission-critical performance and efficiency in aerospace and defense applications, as well as forged wheels for commercial transportation. With nearly 1,200 granted and pending patents, the Company's differentiated technologies enable lighter, more fuel-efficient aircraft to operate with a lower carbon footprint. In 2019, the businesses of Howmet Aerospace reported annual revenue of over $7 billion.
Additional reading:
- POWER OF ATTORNEY
- = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION D
- SECOND AMENDMENT TO THE HOWMET AEROSPACE HOURLY RETIREMENT SAVINGS PLAN (Restated effective January 1, 2021)
- FIRST AMENDMENT TO THE HOWMET AEROSPACE SALARIED RETIREMENT SAVINGS PLAN (Restated effective January 1, 2021)
- Howmet Aerospace Reports First Quarter 2023 Results
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
