In a report released today, Josh Sullivan from Benchmark Co. maintained a Buy rating on Howmet Aerospace (HWM – Research Report), with a price target of $53.00. The company’s shares closed yesterday at $63.50.
According to TipRanks, Sullivan is a 5-star analyst with an average return of 12.2% and a 62.04% success rate. Sullivan covers the Industrials sector, focusing on stocks such as Kratos Defense, Intuitive Machines, and AAR.
Currently, the analyst consensus on Howmet Aerospace is a Strong Buy with an average price target of $69.27, representing a 9.09% upside. In a report released on April 16, Goldman Sachs also maintained a Buy rating on the stock with a $77.00 price target.
The company has a one-year high of $69.55 and a one-year low of $42.06. Currently, Howmet Aerospace has an average volume of 3.47M.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HWM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Howmet Aerospace (HWM) Company Description:
Howmet Aerospace manufactures advanced engineered solutions tailored for the aerospace, defense, and transportation sectors. It focuses on jet engine components, aerospace fastening systems, and airframe structural components. The company also manufactures forged aluminum wheels for commercial transportation.
Read More on HWM:
- Howmet Aerospace Highlights Commitment in 2023 ESG Report
- Jefferies aerospace/defense analysts to hold analyst/industry conference call
- Howmet Aerospace price target raised to $75 from $60 at BofA
- Howmet Aerospace appoints Johan Wall as president, Engineered Structures
- Nike downgraded, Pepsi upgraded: Wall Street’s top analyst calls
