Howmet Aerospace Inc. (NYSE:HWM) stock recently hit new all-time and 52-week highs, driven by strong market momentum and bullish analyst sentiment.
HWM has a 52‑week high of $189.48 and a 52‑week low of $77.22. The stock is now up around 72.6% year‑to‑date and is trading roughly 10% above its 50‑day simple moving average.
Analysts remain bullish. Morgan Stanley’s Kristine Liwag reaffirmed her Overweight rating on HWM and raised the price forecast from $170 to $210.
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Susquehanna’s Charles Minervino also maintained a Positive rating and lifted his forecast to $210 from $170.
Earlier in July, analysts at RBC and Truist raised their price forecasts to $200 and $192, respectively, citing robust aerospace demand and operational improvements.
The company had also boosted its full-year guidance following strong first-quarter results, with EPS up 51% year over year. Howmet is scheduled to report second-quarter earnings on July 29.
In late June, the CEO received a $45 million retention grant in the form of 255,363 restricted stock units (RSUs), scheduled to vest in 2028. A Form 4 filing confirmed the award, while his $1.8 million base salary and bonus eligibility remain unchanged.
Price Action: HWM shares are trading higher by 0.78% to $190.28 at last check Friday.
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Photo by T. Schneider via Shutterstock
Latest Ratings for HWM
|
Date |
Firm |
Action |
From |
To |
|---|---|---|---|---|
|
Feb 2022 |
Keybanc |
Maintains |
Overweight |
|
|
Feb 2022 |
Morgan Stanley |
Maintains |
Overweight |
|
|
Dec 2021 |
Keybanc |
Maintains |
Overweight |
View More Analyst Ratings for HWM
View the Latest Analyst Ratings
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This article Howmet Aerospace Stock Hits All-Time Highs, Analysts Eye Further Gains originally appeared on Benzinga.com
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