Verde Servicos Internacionais S.A. Purchases 13,914 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Verde Servicos Internacionais S.A. boosted its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 13.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 115,195 shares of the company’s stock after buying an additional 13,914 shares during the quarter. Howmet Aerospace makes up about 5.4% of Verde Servicos Internacionais S.A.’s portfolio, making the stock its 7th largest position. Verde Servicos Internacionais S.A.’s holdings in Howmet Aerospace were worth $12,599,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Brooklyn Investment Group raised its holdings in Howmet Aerospace by 6.1% in the fourth quarter. Brooklyn Investment Group now owns 1,678 shares of the company’s stock worth $183,000 after purchasing an additional 97 shares during the period. Caprock Group LLC raised its stake in Howmet Aerospace by 1.0% during the 3rd quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock worth $1,121,000 after buying an additional 106 shares during the period. Versant Capital Management Inc lifted its holdings in Howmet Aerospace by 18.7% during the fourth quarter. Versant Capital Management Inc now owns 744 shares of the company’s stock worth $81,000 after acquiring an additional 117 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in Howmet Aerospace by 6.8% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company’s stock worth $195,000 after acquiring an additional 124 shares in the last quarter. Finally, OneDigital Investment Advisors LLC grew its stake in Howmet Aerospace by 2.4% in the third quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company’s stock valued at $527,000 after acquiring an additional 124 shares during the period. Institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HWM shares. Royal Bank of Canada lifted their price objective on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Robert W. Baird upped their price target on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Susquehanna raised their price objective on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a report on Thursday, November 7th. Barclays increased their target price on Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Finally, UBS Group upped their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.71.

Howmet Aerospace Stock Performance

HWM opened at $122.01 on Tuesday. The firm has a market cap of $49.57 billion, a P/E ratio of 46.57, a price-to-earnings-growth ratio of 1.43 and a beta of 1.49. The business’s fifty day moving average is $116.07 and its 200-day moving average is $103.50. Howmet Aerospace Inc. has a 52-week low of $55.33 and a 52-week high of $129.10. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be given a $0.10 dividend. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.33%. Howmet Aerospace’s payout ratio is presently 12.21%.

Howmet Aerospace Profile

Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.