Townsquare Capital LLC Raises Position in Howmet Aerospace Inc. (NYSE:HWM)

Townsquare Capital LLC grew its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 6.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,108 shares of the company’s stock after acquiring an additional 195 shares during the period. Townsquare Capital LLC’s holdings in Howmet Aerospace were worth $340,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Next Century Growth Investors LLC raised its holdings in Howmet Aerospace by 96.4% in the fourth quarter. Next Century Growth Investors LLC now owns 33,075 shares of the company’s stock worth $3,617,000 after purchasing an additional 16,231 shares in the last quarter. Sterling Capital Management LLC lifted its position in Howmet Aerospace by 53.3% during the 4th quarter. Sterling Capital Management LLC now owns 23,062 shares of the company’s stock valued at $2,522,000 after acquiring an additional 8,019 shares during the period. Accredited Investors Inc. bought a new stake in Howmet Aerospace during the fourth quarter worth about $208,000. Treasurer of the State of North Carolina grew its holdings in Howmet Aerospace by 0.4% in the fourth quarter. Treasurer of the State of North Carolina now owns 182,953 shares of the company’s stock worth $20,010,000 after purchasing an additional 810 shares during the period. Finally, Scotia Capital Inc. increased its stake in shares of Howmet Aerospace by 45.2% during the fourth quarter. Scotia Capital Inc. now owns 16,547 shares of the company’s stock valued at $1,810,000 after purchasing an additional 5,149 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on HWM shares. JPMorgan Chase & Co. upped their price target on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $118.00 price target (down previously from $132.00) on shares of Howmet Aerospace in a research note on Tuesday, April 15th. Truist Financial decreased their target price on shares of Howmet Aerospace from $140.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Northcoast Research upgraded shares of Howmet Aerospace from a “sell” rating to a “neutral” rating in a report on Wednesday, April 9th. Finally, Barclays upped their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $125.06.

Howmet Aerospace Trading Down 3.0 %

Shares of Howmet Aerospace stock opened at $119.52 on Tuesday. 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 stock has a market capitalization of $48.41 billion, a PE ratio of 42.38, a P/E/G ratio of 1.92 and a beta of 1.25. Howmet Aerospace Inc. has a 1-year low of $62.80 and a 1-year high of $140.55. The company’s fifty day simple moving average is $128.23 and its 200-day simple moving average is $119.11.

Howmet Aerospace (NYSE:HWM) last released 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 during the quarter, compared to analyst estimates of $1.88 billion. As a group, equities analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend is Friday, May 9th. 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.