Poinciana Advisors Group LLC Takes Position in Howmet Aerospace Inc. (NYSE:HWM)

Poinciana Advisors Group LLC acquired a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,132 shares of the company's stock, valued at approximately $233,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. First National Trust Co bought a new stake in shares of Howmet Aerospace during the fourth quarter valued at approximately $2,233,000. Postrock Partners LLC bought a new stake in Howmet Aerospace during the fourth quarter worth $202,000. LBP AM SA bought a new stake in Howmet Aerospace during the fourth quarter worth $4,941,000. RPg Family Wealth Advisory LLC grew its holdings in Howmet Aerospace by 2.4% during the fourth quarter. RPg Family Wealth Advisory LLC now owns 91,507 shares of the company's stock worth $10,008,000 after buying an additional 2,177 shares in the last quarter. Finally, Madison Investment Advisors LLC bought a new stake in Howmet Aerospace during the fourth quarter worth $273,000. Institutional investors own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HWM. Barclays upped their price target on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Wells Fargo & Company upped their price target on Howmet Aerospace from $129.00 to $132.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. upped their price target on Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Truist Financial reissued a "buy" rating and issued a $140.00 price objective (up previously from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Finally, Morgan Stanley boosted their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $123.28.

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Howmet Aerospace Stock Performance

Shares of NYSE HWM traded up $3.83 during trading on Wednesday, reaching $132.08. 2,427,180 shares of the stock traded hands, compared to its average volume of 2,655,151. The company has a 50-day moving average of $127.06 and a 200-day moving average of $113.83. The stock has a market capitalization of $53.50 billion, a P/E ratio of 46.84, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. Howmet Aerospace Inc. has a 52-week low of $62.80 and a 52-week high of $140.55.

Howmet Aerospace (NYSE:HWM - Get Free Report) 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. The business had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. Analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a $0.10 dividend. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date was Friday, February 7th. Howmet Aerospace's dividend payout ratio is currently 14.18%.

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.