Pacer Advisors Inc. Purchases 2,085 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Pacer Advisors Inc. lifted its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,212 shares of the company’s stock after purchasing an additional 2,085 shares during the period. Pacer Advisors Inc.’s holdings in Howmet Aerospace were worth $4,289,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Terra Nova Asset Management LLC bought a new stake in Howmet Aerospace during the 3rd quarter worth approximately $1,264,000. Stifel Financial Corp grew its stake in shares of Howmet Aerospace by 12.1% in the third quarter. Stifel Financial Corp now owns 263,830 shares of the company’s stock worth $26,450,000 after purchasing an additional 28,568 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Howmet Aerospace by 1,258.3% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company’s stock valued at $206,000 after purchasing an additional 1,900 shares during the period. Genesis Private Wealth LLC bought a new position in Howmet Aerospace during the 4th quarter worth $249,000. Finally, Oppenheimer & Co. Inc. lifted its holdings in Howmet Aerospace by 135.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 26,159 shares of the company’s stock worth $2,622,000 after buying an additional 15,070 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Trading Up 0.7 %

Shares of Howmet Aerospace stock opened at $127.30 on Friday. The stock has a market capitalization of $51.72 billion, a PE ratio of 48.59, a price-to-earnings-growth ratio of 1.43 and a beta of 1.49. Howmet Aerospace Inc. has a 52 week low of $55.89 and a 52 week high of $129.10. The stock has a 50 day moving average price of $116.62 and a two-hundred day moving average price of $104.28. 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be issued a dividend of $0.10 per share. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend is Friday, February 7th. Howmet Aerospace’s dividend payout ratio (DPR) is currently 12.21%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HWM shares. Barclays increased their price target on Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Royal Bank of Canada increased their target price on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Susquehanna boosted their price target on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, Truist Financial boosted their target price on shares of Howmet Aerospace from $128.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $115.71.

About Howmet Aerospace

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.