Advisory Services Network LLC Acquires New Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Advisory Services Network LLC acquired a new position in Howmet Aerospace Inc. (NYSE:HWM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,787 shares of the company’s stock, valued at approximately $1,399,000.

A number of other hedge funds also recently bought and sold shares of HWM. Murphy & Mullick Capital Management Corp bought a new position in shares of Howmet Aerospace in the 4th quarter worth $25,000. Meeder Asset Management Inc. grew its stake in Howmet Aerospace by 208.1% in the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock valued at $25,000 after purchasing an additional 154 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in Howmet Aerospace in the fourth quarter worth about $25,000. R Squared Ltd bought a new position in Howmet Aerospace in the fourth quarter worth about $26,000. Finally, Washington Trust Advisors Inc. purchased a new stake in shares of Howmet Aerospace during the fourth quarter valued at about $29,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

HWM opened at $125.69 on Friday. The company has a current ratio of 2.17, a quick ratio of 0.98 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 firm has a 50 day moving average of $128.80 and a two-hundred day moving average of $118.02. The firm has a market capitalization of $50.91 billion, a PE ratio of 44.57, a P/E/G ratio of 1.92 and a beta of 1.25.

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

Howmet Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. Howmet Aerospace’s payout ratio is 14.18%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HWM. Northcoast Research raised shares of Howmet Aerospace from a “sell” rating to a “neutral” rating in a research report on Wednesday. Truist Financial reaffirmed a “buy” rating and issued a $140.00 price target (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. The Goldman Sachs Group increased their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Barclays boosted their target price 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, Morgan Stanley upped their target price on Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.28.

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.