Allworth Financial LP Buys 632 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Allworth Financial LP raised its stake in Howmet Aerospace Inc. (NYSE:HWM) by 47.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,959 shares of the company’s stock after purchasing an additional 632 shares during the period. Allworth Financial LP’s holdings in Howmet Aerospace were worth $214,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Principal Securities Inc. boosted its holdings in Howmet Aerospace by 23.9% in the 4th quarter. Principal Securities Inc. now owns 6,872 shares of the company’s stock valued at $752,000 after purchasing an additional 1,325 shares during the period. Congress Asset Management Co. raised its stake in shares of Howmet Aerospace by 0.9% in the 4th quarter. Congress Asset Management Co. now owns 1,282,137 shares of the company’s stock valued at $140,227,000 after buying an additional 12,026 shares in the last quarter. Guyasuta Investment Advisors Inc. raised its stake in shares of Howmet Aerospace by 1.4% in the 4th quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company’s stock valued at $838,000 after buying an additional 104 shares in the last quarter. Nations Financial Group Inc. IA ADV acquired a new position in shares of Howmet Aerospace in the 4th quarter valued at $248,000. Finally, New Mexico Educational Retirement Board raised its stake in shares of Howmet Aerospace by 2.6% in the 4th quarter. New Mexico Educational Retirement Board now owns 19,509 shares of the company’s stock valued at $2,134,000 after buying an additional 500 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada increased their price objective on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Robert W. Baird increased their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. UBS Group increased their price objective on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Wells Fargo & Company increased their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, Susquehanna increased their target price on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $123.28.

Howmet Aerospace Stock Down 6.2 %

Shares of NYSE:HWM opened at $129.83 on Friday. The firm has a market cap of $52.58 billion, a P/E ratio of 46.04, a P/E/G 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 12 month low of $62.80 and a 12 month high of $140.55. The company’s 50-day moving average price is $121.18 and its two-hundred day moving average price is $109.74.

Howmet Aerospace (NYSE:HWM) last issued its 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. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. As a group, 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 will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend is Friday, February 7th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio (DPR) is 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.