First Horizon Advisors Inc. Purchases 285 Shares of Howmet Aerospace Inc. (NYSE:HWM)

First Horizon Advisors Inc. increased its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 8.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,551 shares of the company’s stock after buying an additional 285 shares during the period. First Horizon Advisors Inc.’s holdings in Howmet Aerospace were worth $388,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Stifel Financial Corp boosted its stake in Howmet Aerospace by 12.1% in the 3rd quarter. Stifel Financial Corp now owns 263,830 shares of the company’s stock valued at $26,450,000 after buying an additional 28,568 shares in the last quarter. Vista Investment Partners LLC acquired a new stake in Howmet Aerospace in the 4th quarter valued at $531,000. Genesis Private Wealth LLC acquired a new stake in Howmet Aerospace in the 4th quarter valued at $249,000. Oppenheimer & Co. Inc. boosted its stake in Howmet Aerospace by 135.9% in the 3rd 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 in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in Howmet Aerospace in the 4th quarter valued at $289,000. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on HWM shares. Susquehanna boosted their price target on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. boosted their price target on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Robert W. Baird boosted their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. The Goldman Sachs Group boosted their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Finally, Barclays boosted their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. One equities 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $123.28.

Howmet Aerospace Trading Down 0.3 %

Shares of HWM opened at $129.48 on Tuesday. 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 12-month low of $62.80 and a 12-month high of $140.55. The firm has a market capitalization of $52.44 billion, a PE ratio of 45.92, a price-to-earnings-growth ratio of 1.92 and a beta of 1.50. The stock’s fifty day simple moving average is $121.51 and its 200-day simple moving average is $110.15.

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 the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. As a group, research analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

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

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.