MONECO Advisors LLC Increases Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

MONECO Advisors LLC increased its stake in Howmet Aerospace Inc. (NYSE:HWM) by 19.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,745 shares of the company’s stock after acquiring an additional 456 shares during the quarter. MONECO Advisors LLC’s holdings in Howmet Aerospace were worth $300,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. RiverPark Advisors LLC acquired a new stake in shares of Howmet Aerospace in the third quarter valued at about $26,000. R Squared Ltd purchased a new position in Howmet Aerospace in the 4th quarter valued at about $26,000. Hollencrest Capital Management acquired a new stake in Howmet Aerospace in the 3rd quarter worth about $30,000. Global Trust Asset Management LLC purchased a new stake in Howmet Aerospace during the 4th quarter worth approximately $33,000. Finally, Hanson & Doremus Investment Management acquired a new position in shares of Howmet Aerospace during the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

HWM stock opened at $129.48 on Tuesday. Howmet Aerospace Inc. has a 52-week low of $62.80 and a 52-week high of $140.55. The business has a fifty day moving average of $121.51 and a two-hundred day moving average of $110.15. The stock has a market cap of $52.44 billion, a price-to-earnings ratio of 45.92, a price-to-earnings-growth ratio of 1.92 and a beta of 1.50. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) 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 firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. As a group, research analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be issued a $0.10 dividend. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend is Friday, February 7th. Howmet Aerospace’s dividend payout ratio is currently 14.18%.

Wall Street Analysts Forecast Growth

HWM has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted their price target on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Barclays lifted their target price on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. 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. UBS Group raised their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average 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.