Silver Oak Securities Incorporated Grows Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Silver Oak Securities Incorporated lifted its stake in Howmet Aerospace Inc. (NYSE:HWM) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,697 shares of the company’s stock after buying an additional 263 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Howmet Aerospace were worth $1,621,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. RiverPark Advisors LLC purchased a new stake in Howmet Aerospace in the 3rd quarter worth approximately $26,000. R Squared Ltd acquired a new position in shares of Howmet Aerospace in the 4th quarter valued at $26,000. Hollencrest Capital Management purchased a new stake in Howmet Aerospace during the third quarter worth $30,000. Global Trust Asset Management LLC acquired a new stake in Howmet Aerospace during the fourth quarter valued at $33,000. Finally, Hanson & Doremus Investment Management acquired a new stake in Howmet Aerospace during the fourth quarter valued at $34,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on HWM shares. Wells Fargo & Company increased their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. UBS Group increased their price target on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Sanford C. Bernstein raised their price objective on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Robert W. Baird upped their target price on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Susquehanna lifted their price target on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Howmet Aerospace has a consensus rating of “Moderate Buy” and an average price target of $115.71.

Howmet Aerospace Stock Performance

HWM opened at $128.86 on Friday. Howmet Aerospace Inc. has a twelve month low of $58.34 and a twelve month high of $129.10. The firm has a market capitalization of $52.35 billion, a PE ratio of 49.18, a PEG ratio of 1.43 and a beta of 1.50. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The firm’s 50-day moving average price is $117.59 and its 200 day moving average price is $105.95.

Howmet Aerospace Increases Dividend

The business also recently declared 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. The ex-dividend date is Friday, February 7th. This is a positive change 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%. Howmet Aerospace’s dividend payout ratio is 12.21%.

Howmet Aerospace Company 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.