Venturi Wealth Management LLC Raises Stake in Howmet Aerospace Inc. (NYSE:HWM)

Venturi Wealth Management LLC grew its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 18.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,490 shares of the company’s stock after purchasing an additional 228 shares during the quarter. Venturi Wealth Management LLC’s holdings in Howmet Aerospace were worth $163,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in HWM. RiverPark Advisors LLC purchased a new stake in shares of Howmet Aerospace during the third quarter valued at $26,000. R Squared Ltd bought a new stake in shares of Howmet Aerospace in the fourth quarter valued at about $26,000. Hollencrest Capital Management bought a new stake in shares of Howmet Aerospace in the third quarter valued at about $30,000. Global Trust Asset Management LLC bought a new stake in shares of Howmet Aerospace in the fourth quarter valued at about $33,000. Finally, Hanson & Doremus Investment Management bought a new stake in shares of Howmet Aerospace in the fourth quarter valued at about $34,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HWM. Royal Bank of Canada lifted their price objective on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Morgan Stanley lifted their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday. Wells Fargo & Company lifted their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Finally, Susquehanna boosted 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $123.28.

Howmet Aerospace Price Performance

Shares of HWM stock opened at $129.83 on Friday. Howmet Aerospace Inc. has a fifty-two week low of $62.80 and a fifty-two week high of $140.55. The firm has a market capitalization of $52.58 billion, a price-to-earnings ratio of 46.04, a PEG ratio of 1.94 and a beta of 1.50. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The stock’s 50-day simple moving average is $121.18 and its 200-day simple moving average is $109.59.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.88 billion. As a group, equities analysts forecast that Howmet Aerospace Inc. will post 3.26 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be given a $0.10 dividend. The ex-dividend date is Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio is currently 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.