8,443 Shares in Howmet Aerospace Inc. (NYSE:HWM) Acquired by Elm3 Financial Group LLC

Elm3 Financial Group LLC acquired a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,443 shares of the company’s stock, valued at approximately $923,000.

Several other hedge funds have also modified their holdings of the stock. Brooklyn Investment Group raised its holdings in shares of Howmet Aerospace by 6.1% in the 4th quarter. Brooklyn Investment Group now owns 1,678 shares of the company’s stock valued at $183,000 after purchasing an additional 97 shares in the last quarter. Caprock Group LLC boosted its position in shares of Howmet Aerospace by 1.0% during the 3rd quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock worth $1,121,000 after acquiring an additional 106 shares in the last quarter. Perigon Wealth Management LLC increased its holdings in shares of Howmet Aerospace by 4.1% in the 4th quarter. Perigon Wealth Management LLC now owns 2,904 shares of the company’s stock valued at $318,000 after acquiring an additional 115 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Howmet Aerospace by 18.7% in the 4th quarter. Versant Capital Management Inc now owns 744 shares of the company’s stock valued at $81,000 after acquiring an additional 117 shares during the last quarter. Finally, Avitas Wealth Management LLC raised its position in shares of Howmet Aerospace by 0.5% during the 4th quarter. Avitas Wealth Management LLC now owns 24,692 shares of the company’s stock worth $2,701,000 after acquiring an additional 123 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Trading Up 1.9 %

Shares of Howmet Aerospace stock opened at $127.89 on Thursday. The firm has a market cap of $51.96 billion, a price-to-earnings ratio of 48.81, a price-to-earnings-growth ratio of 1.43 and a beta of 1.50. Howmet Aerospace Inc. has a 52-week low of $57.66 and a 52-week high of $129.10. The company’s 50-day simple moving average is $117.59 and its 200-day simple moving average is $105.95. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be given a dividend of $0.10 per share. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, February 7th. This represents a $0.40 annualized dividend and a yield of 0.31%. Howmet Aerospace’s payout ratio is presently 12.21%.

Analyst Ratings Changes

HWM has been the topic of several recent analyst reports. Bank of America increased their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Royal Bank of Canada increased their target price on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Barclays upped their price objective on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Sanford C. Bernstein boosted their target price on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Finally, UBS Group upped their target price on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. One equities research 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, the company has a consensus rating of “Moderate Buy” and an average target price of $115.71.

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.