Axxcess Wealth Management LLC Buys 149 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Axxcess Wealth Management LLC increased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 2.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,124 shares of the company’s stock after purchasing an additional 149 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Howmet Aerospace were worth $779,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Counterpoint Mutual Funds LLC increased its position in Howmet Aerospace by 17.7% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 2,991 shares of the company’s stock valued at $327,000 after acquiring an additional 449 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Howmet Aerospace by 2.6% during the 4th quarter. Signaturefd LLC now owns 4,392 shares of the company’s stock worth $480,000 after purchasing an additional 113 shares during the period. Cibc World Markets Corp grew its holdings in Howmet Aerospace by 16.6% during the 4th quarter. Cibc World Markets Corp now owns 63,271 shares of the company’s stock valued at $6,920,000 after purchasing an additional 9,020 shares during the last quarter. Twin Tree Management LP raised its position in Howmet Aerospace by 192.8% in the 4th quarter. Twin Tree Management LP now owns 71,651 shares of the company’s stock worth $7,836,000 after purchasing an additional 148,896 shares during the period. Finally, GWN Securities Inc. bought a new stake in Howmet Aerospace in the fourth quarter worth about $360,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock opened at $131.70 on Friday. The company has a market capitalization of $53.34 billion, a PE ratio of 46.70, a P/E/G ratio of 1.92 and a beta of 1.54. The company has a 50-day simple moving average of $127.73 and a two-hundred day simple moving average of $114.08. Howmet Aerospace Inc. has a one year low of $62.80 and a one year high of $140.55. 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 posted its quarterly earnings data on Thursday, February 13th. The company reported $0.74 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 firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal 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 issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. 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 currently 14.18%.

Wall Street Analysts Forecast Growth

HWM has been the topic of several recent analyst reports. Barclays increased their price target on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Morgan Stanley lifted their target price on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. upped their price target on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Truist Financial reiterated a “buy” rating and set a $140.00 price objective (up previously from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Finally, The Goldman Sachs Group upped their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. One investment 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. According to MarketBeat.com, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and an average target price of $123.28.

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.