Bleakley Financial Group LLC Purchases 161 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Bleakley Financial Group LLC raised its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 1.1% in the fourth quarter, HoldingsChannel reports. The firm owned 15,208 shares of the company’s stock after buying an additional 161 shares during the quarter. Bleakley Financial Group LLC’s holdings in Howmet Aerospace were worth $1,663,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its position in Howmet Aerospace by 7.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,609 shares of the company’s stock worth $203,000 after acquiring an additional 178 shares during the period. Czech National Bank lifted its position in Howmet Aerospace by 12.5% during the third quarter. Czech National Bank now owns 83,143 shares of the company’s stock valued at $8,335,000 after purchasing an additional 9,248 shares in the last quarter. Atomi Financial Group Inc. grew its holdings in Howmet Aerospace by 13.5% during the third quarter. Atomi Financial Group Inc. now owns 5,536 shares of the company’s stock valued at $555,000 after purchasing an additional 660 shares during the period. CWM LLC increased its position in Howmet Aerospace by 204.9% in the third quarter. CWM LLC now owns 39,328 shares of the company’s stock worth $3,943,000 after buying an additional 26,431 shares in the last quarter. Finally, Wedmont Private Capital raised its stake in shares of Howmet Aerospace by 13.6% in the third quarter. Wedmont Private Capital now owns 6,983 shares of the company’s stock worth $718,000 after buying an additional 836 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock opened at $127.67 on Friday. The stock has a market cap of $51.87 billion, a price-to-earnings ratio of 48.73, a price-to-earnings-growth ratio of 1.43 and a beta of 1.50. 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 50 day moving average price of $117.83 and a 200-day moving average price of $106.11. Howmet Aerospace Inc. has a one year low of $58.34 and a one year high of $129.69.

Howmet Aerospace Increases Dividend

The company 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. The ex-dividend date is Friday, February 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio is currently 15.27%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HWM. 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 report on Thursday, November 7th. Barclays lifted their target price 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. UBS Group increased their price target on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Wells Fargo & Company boosted their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, KeyCorp downgraded Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.