Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Acorn Wealth Advisors LLC

Acorn Wealth Advisors LLC lowered its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 3.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,632 shares of the company’s stock after selling 98 shares during the quarter. Acorn Wealth Advisors LLC’s holdings in Howmet Aerospace were worth $288,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Stifel Financial Corp increased its holdings in shares of Howmet Aerospace by 12.1% in the 3rd quarter. Stifel Financial Corp now owns 263,830 shares of the company’s stock valued at $26,450,000 after acquiring an additional 28,568 shares during the last quarter. Vista Investment Partners LLC bought a new position in Howmet Aerospace during the fourth quarter worth $531,000. Genesis Private Wealth LLC acquired a new position in Howmet Aerospace in the fourth quarter worth $249,000. Oppenheimer & Co. Inc. increased its stake in Howmet Aerospace by 135.9% during the third quarter. Oppenheimer & Co. Inc. now owns 26,159 shares of the company’s stock valued at $2,622,000 after purchasing an additional 15,070 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Howmet Aerospace during the fourth quarter worth $289,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $130.37 on Wednesday. The stock has a market cap of $52.80 billion, a P/E ratio of 46.23, a P/E/G ratio of 1.92 and a beta of 1.50. The firm’s 50-day simple moving average is $121.88 and its 200 day simple moving average is $110.42. Howmet Aerospace Inc. has a fifty-two week low of $62.80 and a fifty-two week high of $140.55. 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 released its earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. Equities analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, February 7th. Howmet Aerospace’s dividend payout ratio is 14.18%.

Analysts Set New Price Targets

Several research firms have recently commented on HWM. JPMorgan Chase & Co. lifted their price target on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Truist Financial reissued a “buy” rating and issued a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Royal Bank of Canada upped their target price on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Wells Fargo & Company increased their price target on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, Susquehanna boosted their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Howmet Aerospace has a consensus rating of “Moderate Buy” and an average target price of $123.28.

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.