Pacer Advisors Inc. Purchases 2,085 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Pacer Advisors Inc. grew its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 5.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 39,212 shares of the company’s stock after buying an additional 2,085 shares during the quarter. Pacer Advisors Inc.’s holdings in Howmet Aerospace were worth $4,289,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Terra Nova Asset Management LLC bought a new stake in Howmet Aerospace during the third quarter worth $1,264,000. Stifel Financial Corp increased its position in shares of Howmet Aerospace by 12.1% during the 3rd quarter. Stifel Financial Corp now owns 263,830 shares of the company’s stock valued at $26,450,000 after purchasing an additional 28,568 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Howmet Aerospace by 1,258.3% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company’s stock worth $206,000 after purchasing an additional 1,900 shares during the period. Genesis Private Wealth LLC purchased a new position in shares of Howmet Aerospace in the 4th quarter worth about $249,000. Finally, Oppenheimer & Co. Inc. grew its position in Howmet Aerospace by 135.9% during the third quarter. Oppenheimer & Co. Inc. now owns 26,159 shares of the company’s stock valued at $2,622,000 after buying an additional 15,070 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Up 0.7 %

Howmet Aerospace stock opened at $127.30 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. Howmet Aerospace Inc. has a fifty-two week low of $55.89 and a fifty-two week high of $129.10. The stock has a market cap of $51.72 billion, a P/E ratio of 48.59, a PEG ratio of 1.43 and a beta of 1.49. The firm’s fifty day moving average price is $116.62 and its 200-day moving average price is $104.28.

Howmet Aerospace Increases Dividend

The firm 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 dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date is Friday, February 7th. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio (DPR) is 12.21%.

Analysts Set New Price Targets

A number of research analysts have weighed in on HWM shares. Susquehanna boosted their target price 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. Robert W. Baird upped their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Sanford C. Bernstein raised their target price on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Wells Fargo & Company upped their price target on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada lifted their price objective on Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $115.71.

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.