223,179 Shares in Howmet Aerospace Inc. (NYSE:HWM) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 223,179 shares of the company’s stock, valued at approximately $223,000.

A number of other hedge funds have also bought and sold shares of the company. Mn Services Vermogensbeheer B.V. raised its stake in Howmet Aerospace by 4.2% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 156,300 shares of the company’s stock worth $17,095,000 after buying an additional 6,300 shares during the last quarter. New York Life Investment Management LLC raised its stake in Howmet Aerospace by 11.1% during the fourth quarter. New York Life Investment Management LLC now owns 60,083 shares of the company’s stock worth $6,571,000 after buying an additional 5,979 shares during the last quarter. Allegiance Financial Group Advisory Services LLC raised its stake in Howmet Aerospace by 19.4% during the fourth quarter. Allegiance Financial Group Advisory Services LLC now owns 2,545 shares of the company’s stock worth $278,000 after buying an additional 414 shares during the last quarter. NewEdge Wealth LLC raised its stake in Howmet Aerospace by 8.1% during the fourth quarter. NewEdge Wealth LLC now owns 51,599 shares of the company’s stock worth $5,643,000 after buying an additional 3,861 shares during the last quarter. Finally, Lake Street Advisors Group LLC bought a new position in Howmet Aerospace during the fourth quarter worth $208,000. Institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HWM. 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. Wells Fargo & Company lifted their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. The Goldman Sachs Group lifted their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Bank of America lifted their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $140.00 price target (up from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $123.28.

Howmet Aerospace Stock Up 2.5 %

Howmet Aerospace stock opened at $125.39 on Wednesday. Howmet Aerospace Inc. has a fifty-two week low of $62.80 and a fifty-two week high of $140.55. The stock has a market cap of $50.79 billion, a PE ratio of 44.47, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54. The firm’s 50-day simple moving average is $125.51 and its 200 day simple moving average is $112.77. 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 released its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share 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 business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Research analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were issued a dividend of $0.10 per share. 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. This represents a $0.40 annualized dividend and a yield of 0.32%. Howmet Aerospace’s payout ratio is 14.18%.

About Howmet Aerospace

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.