WESPAC Advisors LLC Acquires 314 Shares of Howmet Aerospace Inc. (NYSE:HWM)

WESPAC Advisors LLC lifted its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,361 shares of the company’s stock after buying an additional 314 shares during the period. WESPAC Advisors LLC’s holdings in Howmet Aerospace were worth $1,024,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Sequoia Financial Advisors LLC boosted its stake in shares of Howmet Aerospace by 42.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,950 shares of the company’s stock worth $396,000 after purchasing an additional 1,185 shares during the period. Signaturefd LLC boosted its stake in shares of Howmet Aerospace by 20.3% during the 3rd quarter. Signaturefd LLC now owns 4,279 shares of the company’s stock worth $429,000 after purchasing an additional 722 shares during the period. Private Advisor Group LLC boosted its stake in shares of Howmet Aerospace by 2.6% during the 3rd quarter. Private Advisor Group LLC now owns 17,009 shares of the company’s stock worth $1,705,000 after purchasing an additional 433 shares during the period. Brighton Jones LLC purchased a new position in shares of Howmet Aerospace during the 3rd quarter worth about $242,000. Finally, Silver Oak Securities Incorporated boosted its stake in shares of Howmet Aerospace by 1,695.3% during the 3rd quarter. Silver Oak Securities Incorporated now owns 14,434 shares of the company’s stock worth $1,428,000 after purchasing an additional 13,630 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Trading Down 6.2 %

NYSE HWM opened at $129.83 on Friday. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The firm has a market cap of $52.58 billion, a PE ratio of 46.04, a price-to-earnings-growth ratio of 1.92 and a beta of 1.50. The company has a 50 day moving average price of $121.18 and a 200 day moving average price of $109.74. Howmet Aerospace Inc. has a 52 week low of $62.80 and a 52 week high of $140.55.

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

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.10 per share. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. Howmet Aerospace’s dividend payout ratio is presently 14.18%.

Analyst Upgrades and Downgrades

HWM has been the subject of a number of recent analyst reports. Bank of America lifted their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Susquehanna boosted their price objective on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research report on Thursday, November 7th. Truist Financial reissued a “buy” rating and issued a $140.00 price objective (up from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Barclays boosted their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Finally, The Goldman Sachs Group boosted their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.28.

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.