Oppenheimer & Co. Inc. Has $1.72 Million Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Oppenheimer & Co. Inc. lessened its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 39.9% in the 4th quarter, Holdings Channel reports. The firm owned 15,721 shares of the company’s stock after selling 10,438 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Howmet Aerospace were worth $1,719,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. RiverPark Advisors LLC acquired a new stake in shares of Howmet Aerospace in the third quarter worth $26,000. R Squared Ltd bought a new position in Howmet Aerospace in the 4th quarter worth $26,000. Hollencrest Capital Management acquired a new position in Howmet Aerospace during the 3rd quarter worth $30,000. Global Trust Asset Management LLC acquired a new position in Howmet Aerospace during the 4th quarter worth $33,000. Finally, Hanson & Doremus Investment Management bought a new stake in Howmet Aerospace during the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HWM shares. Wells Fargo & Company lifted their price objective on 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 lifted their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Susquehanna lifted their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research note on Thursday, November 7th. Barclays lifted their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Finally, Truist Financial reiterated a “buy” rating and issued a $140.00 price objective (up from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $123.28.

Howmet Aerospace Stock Down 4.1 %

Shares of HWM opened at $131.04 on Tuesday. The stock has a market cap of $53.07 billion, a price-to-earnings ratio of 46.47, a P/E/G ratio of 1.92 and a beta of 1.50. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. Howmet Aerospace Inc. has a 12 month low of $62.80 and a 12 month high of $140.55. The company has a 50-day moving average price of $123.77 and a two-hundred day moving average price of $111.52.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. Equities analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were issued a $0.10 dividend. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. Howmet Aerospace’s dividend payout ratio is presently 14.18%.

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.