Poinciana Advisors Group LLC Purchases Shares of 2,132 Howmet Aerospace Inc. (NYSE:HWM)

Poinciana Advisors Group LLC purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM) during the 4th quarter, Holdings Channel.com reports. The firm purchased 2,132 shares of the company’s stock, valued at approximately $233,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. RiverPark Advisors LLC acquired a new stake in shares of Howmet Aerospace in the 3rd quarter valued at about $26,000. R Squared Ltd bought a new position in shares of Howmet Aerospace in the 4th quarter valued at about $26,000. Washington Trust Advisors Inc. bought a new position in shares of Howmet Aerospace in the 4th quarter valued at about $29,000. Global Trust Asset Management LLC bought a new position in shares of Howmet Aerospace in the 4th quarter valued at about $33,000. Finally, Hanson & Doremus Investment Management bought a new position in shares of Howmet Aerospace in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Trading Up 3.1 %

Shares of NYSE:HWM opened at $126.56 on Friday. Howmet Aerospace Inc. has a 12-month low of $62.80 and a 12-month high of $140.55. The stock has a market cap of $51.26 billion, a PE ratio of 44.88, a P/E/G ratio of 1.92 and a beta of 1.54. The business has a 50 day moving average of $126.39 and a 200-day moving average of $113.15. 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 company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.88 billion. As a group, equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The company 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 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend was Friday, February 7th. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s payout ratio is currently 14.18%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HWM shares. Wells Fargo & Company raised their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Truist Financial restated a “buy” rating and issued a $140.00 price objective (up previously from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. The Goldman Sachs Group raised their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. raised their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Finally, Morgan Stanley raised their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Howmet Aerospace has a consensus rating of “Moderate Buy” and a consensus 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.