Syon Capital LLC Boosts Stake in Howmet Aerospace Inc. (NYSE:HWM)

Syon Capital LLC increased its position in Howmet Aerospace Inc. (NYSE:HWM) by 7.9% in the fourth quarter, HoldingsChannel reports. The firm owned 2,509 shares of the company’s stock after purchasing an additional 184 shares during the quarter. Syon Capital LLC’s holdings in Howmet Aerospace were worth $274,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Private Trust Co. NA lifted its position in Howmet Aerospace by 28.0% during the fourth quarter. Private Trust Co. NA now owns 407 shares of the company’s stock valued at $45,000 after buying an additional 89 shares during the period. O Neil Global Advisors Inc. grew its stake in shares of Howmet Aerospace by 0.5% in the 4th quarter. O Neil Global Advisors Inc. now owns 19,527 shares of the company’s stock worth $2,136,000 after buying an additional 90 shares during the last quarter. Brooklyn Investment Group boosted 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 acquiring an additional 97 shares in the last quarter. Frank Rimerman Advisors LLC grew its stake in shares of Howmet Aerospace by 0.7% in the fourth quarter. Frank Rimerman Advisors LLC now owns 15,035 shares of the company’s stock worth $1,644,000 after acquiring an additional 100 shares during the last quarter. Finally, Guyasuta Investment Advisors Inc. grew its stake in shares of Howmet Aerospace by 1.4% in the fourth quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company’s stock worth $838,000 after acquiring an additional 104 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Stock Up 1.7 %

HWM opened at $135.83 on Friday. Howmet Aerospace Inc. has a 1-year low of $64.71 and a 1-year high of $140.55. The firm’s 50 day simple moving average is $128.06 and its two-hundred day simple moving average is $119.66. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $54.94 billion, a PE ratio of 48.17, a PEG ratio of 1.92 and a beta of 1.25.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.03. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. As a group, equities analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.29%. The ex-dividend date is Friday, May 9th. Howmet Aerospace’s dividend payout ratio is 14.18%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HWM shares. The Goldman Sachs Group upped their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Truist Financial cut their price target on shares of Howmet Aerospace from $140.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company restated an “equal weight” rating and issued a $118.00 price objective (down from $132.00) on shares of Howmet Aerospace in a report on Tuesday, April 15th. JPMorgan Chase & Co. increased their target price on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Finally, Benchmark boosted their price target on Howmet Aerospace from $85.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, April 21st. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $125.06.

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.