Optas LLC Purchases New Shares in Howmet Aerospace Inc. (NYSE:HWM)

Optas LLC purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,968 shares of the company’s stock, valued at approximately $215,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Terra Nova Asset Management LLC bought a new position in shares of Howmet Aerospace in the third quarter worth about $1,264,000. Stifel Financial Corp raised its position in Howmet Aerospace by 12.1% in the 3rd quarter. Stifel Financial Corp now owns 263,830 shares of the company’s stock worth $26,450,000 after purchasing an additional 28,568 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in Howmet Aerospace by 1,258.3% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company’s stock worth $206,000 after purchasing an additional 1,900 shares during the last quarter. Vista Investment Partners LLC acquired a new position in Howmet Aerospace during the 4th quarter worth $531,000. Finally, Genesis Private Wealth LLC bought a new position in Howmet Aerospace in the 4th quarter valued at $249,000. Institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

HWM has been the subject of a number of recent research reports. Bank of America boosted their target price on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. UBS Group upped their target price on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Wells Fargo & Company lifted their price target 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. Barclays boosted their price target on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Finally, Robert W. Baird lifted their target price on shares of Howmet Aerospace from $113.00 to $144.00 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 assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.71.

Howmet Aerospace Price Performance

NYSE HWM opened at $125.54 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The stock has a market cap of $51.00 billion, a price-to-earnings ratio of 47.92, a PEG ratio of 1.43 and a beta of 1.50. The business has a 50 day simple moving average of $117.20 and a 200 day simple moving average of $105.46. Howmet Aerospace Inc. has a 52-week low of $57.12 and a 52-week high of $129.10.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, February 7th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 12.21%.

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.