2,748 Shares in Howmet Aerospace Inc. (NYSE:HWM) Purchased by Balboa Wealth Partners

Balboa Wealth Partners acquired a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) during the 4th quarter, Holdings Channel.com reports. The fund acquired 2,748 shares of the company’s stock, valued at approximately $301,000.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of Howmet Aerospace by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock valued at $1,775,578,000 after acquiring an additional 1,336,592 shares in the last quarter. AustralianSuper Pty Ltd increased its stake in Howmet Aerospace by 1,000.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company’s stock valued at $101,772,000 after purchasing an additional 845,941 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Howmet Aerospace during the fourth quarter worth $61,740,000. Geode Capital Management LLC lifted its position in shares of Howmet Aerospace by 5.0% in the 3rd quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock worth $949,382,000 after buying an additional 453,275 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Howmet Aerospace by 2.3% in the 3rd quarter. State Street Corp now owns 17,440,176 shares of the company’s stock valued at $1,748,378,000 after buying an additional 384,171 shares during the period. Institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

HWM has been the topic of several research reports. Wells Fargo & Company increased their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Morgan Stanley upped their target price on Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Barclays raised their price target on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Truist Financial restated a “buy” rating and set a $140.00 price objective (up from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Finally, The Goldman Sachs Group raised their target price on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $123.28.

Howmet Aerospace Stock Performance

Shares of NYSE HWM opened at $122.43 on Friday. Howmet Aerospace Inc. has a 1 year low of $62.80 and a 1 year high of $140.55. The firm has a market cap of $49.59 billion, a P/E ratio of 43.42, a PEG ratio of 1.92 and a beta of 1.54. The stock has a fifty day moving average price of $126.11 and a two-hundred day moving average price of $112.94. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17.

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

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were issued a $0.10 dividend. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend was Friday, February 7th. Howmet Aerospace’s payout ratio is presently 14.18%.

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.