Atria Investments Inc Boosts Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Atria Investments Inc boosted its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,058 shares of the company’s stock after acquiring an additional 1,037 shares during the period. Atria Investments Inc’s holdings in Howmet Aerospace were worth $2,959,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Assetmark Inc. lifted its holdings in Howmet Aerospace by 69.4% in the fourth quarter. Assetmark Inc. now owns 747 shares of the company’s stock valued at $82,000 after acquiring an additional 306 shares during the last quarter. Keybank National Association OH lifted its holdings in Howmet Aerospace by 8.6% in the fourth quarter. Keybank National Association OH now owns 7,350 shares of the company’s stock valued at $804,000 after acquiring an additional 585 shares during the last quarter. Commerzbank Aktiengesellschaft FI acquired a new position in Howmet Aerospace in the fourth quarter valued at approximately $221,000. Synergy Investment Management LLC acquired a new position in Howmet Aerospace in the fourth quarter valued at approximately $51,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Howmet Aerospace by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,351,189 shares of the company’s stock valued at $257,150,000 after acquiring an additional 45,940 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HWM has been the topic of a number of recent analyst reports. Bank of America upped their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. upped their price target on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Barclays upped their price target on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Wells Fargo & Company upped their price target on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Finally, Morgan Stanley upped their price target on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.28.

Howmet Aerospace Stock Up 0.2 %

Shares of NYSE HWM opened at $124.70 on Friday. The stock has a market cap of $50.51 billion, a P/E ratio of 44.22, a PEG ratio of 1.92 and a beta of 1.54. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. Howmet Aerospace Inc. has a 12-month low of $62.80 and a 12-month high of $140.55. The business’s fifty day simple moving average is $124.95 and its 200-day simple moving average is $112.27.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.03. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. As a group, equities analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.32%. The ex-dividend date was Friday, February 7th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio is 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.