Howmet Aerospace Inc. (NYSE:HWM) Shares Acquired by Global Retirement Partners LLC

Global Retirement Partners LLC raised its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 82.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,107 shares of the company’s stock after buying an additional 500 shares during the quarter. Global Retirement Partners LLC’s holdings in Howmet Aerospace were worth $121,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Private Advisor Group LLC boosted its holdings in shares of Howmet Aerospace by 2.6% during the third quarter. Private Advisor Group LLC now owns 17,009 shares of the company’s stock valued at $1,705,000 after acquiring an additional 433 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Howmet Aerospace by 36.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,442 shares of the company’s stock valued at $2,524,000 after purchasing an additional 6,839 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Howmet Aerospace by 97.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 30,619 shares of the company’s stock valued at $3,070,000 after purchasing an additional 15,108 shares during the period. abrdn plc grew its position in Howmet Aerospace by 3.5% in the 3rd quarter. abrdn plc now owns 150,774 shares of the company’s stock worth $14,956,000 after purchasing an additional 5,146 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. acquired a new stake in shares of Howmet Aerospace in the third quarter valued at approximately $251,000. Institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Barclays increased their target price on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. raised their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Susquehanna boosted their target price on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a report on Thursday, November 7th. The Goldman Sachs Group increased their price target on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Finally, 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Howmet Aerospace has an average rating of “Moderate Buy” and a consensus price target of $123.28.

Howmet Aerospace Stock Up 1.2 %

HWM stock opened at $133.62 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The firm has a market capitalization of $54.12 billion, a P/E ratio of 47.38, a P/E/G ratio of 1.92 and a beta of 1.50. Howmet Aerospace Inc. has a 52-week low of $62.80 and a 52-week high of $140.55. The company’s 50 day simple moving average is $122.85 and its 200-day simple moving average is $110.73.

Howmet Aerospace (NYSE:HWM) last announced 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 the consensus estimate of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. As a group, equities research analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

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