Howmet Aerospace Inc. (NYSE:HWM) Shares Purchased by WESPAC Advisors LLC

WESPAC Advisors LLC lifted its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,361 shares of the company’s stock after acquiring an additional 314 shares during the quarter. WESPAC Advisors LLC’s holdings in Howmet Aerospace were worth $1,024,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in shares of Howmet Aerospace in the fourth quarter worth $26,000. RiverPark Advisors LLC acquired a new stake in shares of Howmet Aerospace in the third quarter worth $26,000. Hollencrest Capital Management acquired a new stake in shares of Howmet Aerospace in the third quarter worth $30,000. Global Trust Asset Management LLC acquired a new stake in shares of Howmet Aerospace in the fourth quarter worth $33,000. Finally, Hanson & Doremus Investment Management acquired a new stake in shares of Howmet Aerospace in the fourth quarter worth $34,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HWM shares. Bank of America increased their price objective 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. JPMorgan Chase & Co. increased their price target on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Barclays increased their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. The Goldman Sachs Group increased their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, Robert W. Baird increased their price target on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.28.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $129.83 on Friday. The firm has a 50-day simple moving average of $121.18 and a 200-day simple moving average of $109.74. The stock has a market capitalization of $52.58 billion, a price-to-earnings ratio of 46.04, a price-to-earnings-growth 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 52 week low of $62.80 and a 52 week high of $140.55.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The business 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%. On average, equities analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, February 7th. Howmet Aerospace’s dividend payout ratio is 14.18%.

Howmet Aerospace 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.