Private Advisor Group LLC Decreases Stake in Howmet Aerospace Inc. (NYSE:HWM)

Private Advisor Group LLC cut its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,301 shares of the company’s stock after selling 708 shares during the quarter. Private Advisor Group LLC’s holdings in Howmet Aerospace were worth $1,783,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Stifel Financial Corp boosted its stake in shares of Howmet Aerospace by 12.1% in the third 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 purchased a new stake in Howmet Aerospace during the fourth quarter worth $531,000. Genesis Private Wealth LLC purchased a new stake in Howmet Aerospace during the fourth quarter worth $249,000. Oppenheimer & Co. Inc. boosted 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 worth $2,622,000 after purchasing an additional 15,070 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in Howmet Aerospace during the fourth quarter worth $289,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on HWM. JPMorgan Chase & Co. boosted their target price on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Robert W. Baird boosted their target price on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Morgan Stanley boosted their target price on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Barclays boosted their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Finally, Royal Bank of Canada boosted their price target on Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $123.28.

Howmet Aerospace Stock Performance

Howmet Aerospace stock opened at $131.93 on Thursday. The firm has a market capitalization of $53.44 billion, a P/E ratio of 46.78, a PEG ratio of 1.92 and a beta of 1.50. The stock has a fifty day moving average price of $122.36 and a 200 day moving average price of $110.57. Howmet Aerospace Inc. has a 52 week low of $62.80 and a 52 week high of $140.55. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

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

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.30%. Howmet Aerospace’s dividend payout ratio is currently 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.