Howmet Aerospace Inc. (NYSE:HWM) Shares Purchased by Hantz Financial Services Inc.

Hantz Financial Services Inc. boosted its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 1.2% in the 4th quarter, HoldingsChannel reports. The fund owned 27,583 shares of the company’s stock after acquiring an additional 321 shares during the period. Hantz Financial Services Inc.’s holdings in Howmet Aerospace were worth $3,017,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. lifted its position in shares of Howmet Aerospace by 0.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 198,019 shares of the company’s stock worth $21,657,000 after purchasing an additional 1,771 shares during the last quarter. R Squared Ltd purchased a new stake in Howmet Aerospace during the 4th quarter worth about $26,000. SteelPeak Wealth LLC acquired a new position in shares of Howmet Aerospace during the 4th quarter worth about $719,000. Perigon Wealth Management LLC increased its holdings in shares of Howmet Aerospace by 4.1% in the 4th quarter. Perigon Wealth Management LLC now owns 2,904 shares of the company’s stock valued at $318,000 after acquiring an additional 115 shares during the last quarter. Finally, Verde Servicos Internacionais S.A. raised its position in shares of Howmet Aerospace by 13.7% during the 4th quarter. Verde Servicos Internacionais S.A. now owns 115,195 shares of the company’s stock worth $12,599,000 after acquiring an additional 13,914 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HWM has been the topic of several recent analyst reports. Royal Bank of Canada increased their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Bank of America increased their target price on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Truist Financial upped their price objective on shares of Howmet Aerospace from $128.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Barclays lifted their target price on Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, KeyCorp cut Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Howmet Aerospace has an average rating of “Moderate Buy” and an average target price of $115.71.

Howmet Aerospace Trading Up 0.7 %

Shares of Howmet Aerospace stock opened at $127.30 on Friday. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. The firm has a market cap of $51.72 billion, a price-to-earnings ratio of 48.59, a price-to-earnings-growth ratio of 1.43 and a beta of 1.49. Howmet Aerospace Inc. has a 52-week low of $55.89 and a 52-week high of $129.10. The company’s 50-day simple moving average is $116.62 and its 200-day simple moving average is $104.28.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date is 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 12.21%.

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.