Allegiance Financial Group Advisory Services LLC Raises Position in Howmet Aerospace Inc. (NYSE:HWM)

Allegiance Financial Group Advisory Services LLC grew its position in Howmet Aerospace Inc. (NYSE:HWM) by 19.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,545 shares of the company’s stock after acquiring an additional 414 shares during the period. Allegiance Financial Group Advisory Services LLC’s holdings in Howmet Aerospace were worth $278,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. R Squared Ltd purchased a new stake in shares of Howmet Aerospace in the fourth quarter valued at about $26,000. RiverPark Advisors LLC purchased a new stake in Howmet Aerospace during the third quarter worth about $26,000. Hollencrest Capital Management purchased a new stake in Howmet Aerospace during the third quarter worth about $30,000. Global Trust Asset Management LLC purchased a new stake in Howmet Aerospace during the fourth quarter worth about $33,000. Finally, Hanson & Doremus Investment Management purchased a new stake in shares of Howmet Aerospace in the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on HWM shares. Barclays upped their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. The Goldman Sachs Group upped their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Royal Bank of Canada upped their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Susquehanna upped their price target on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a report on Thursday, November 7th. Finally, Truist Financial reissued a “buy” rating and issued a $140.00 price objective (up previously from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $123.28.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $131.93 on Thursday. Howmet Aerospace Inc. has a one year low of $62.80 and a one year high of $140.55. The company has a 50 day moving average price of $122.36 and a 200 day moving average price of $110.57. The firm has a market capitalization of $53.44 billion, a price-to-earnings ratio of 46.78, a price-to-earnings-growth ratio of 1.92 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.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Sell-side analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio is presently 14.18%.

About Howmet Aerospace

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.