Advyzon Investment Management LLC Invests $335,000 in Howmet Aerospace Inc. (NYSE:HWM)

Advyzon Investment Management LLC purchased a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,065 shares of the company's stock, valued at approximately $335,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Stifel Financial Corp raised its holdings in Howmet Aerospace by 12.1% during 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 period. Vista Investment Partners LLC bought a new stake in Howmet Aerospace during the 4th quarter valued at $531,000. Genesis Private Wealth LLC bought a new stake in shares of Howmet Aerospace during the 4th quarter valued at $249,000. Oppenheimer & Co. Inc. raised its stake in shares of Howmet Aerospace by 135.9% during the 3rd 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 period. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Howmet Aerospace during the 4th quarter valued at $289,000. Institutional investors own 90.46% of the company's stock.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock traded down $8.61 during trading on Friday, hitting $129.83. 3,517,780 shares of the stock traded hands, compared to its average volume of 2,517,588. Howmet Aerospace Inc. has a 52 week low of $62.80 and a 52 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. The firm's fifty day moving average is $121.18 and its 200-day moving average is $109.59. The stock has a market cap of $52.58 billion, a price-to-earnings ratio of 46.04, a PEG ratio of 1.92 and a beta of 1.50.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates 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 expect that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal 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 paid a dividend of $0.10 per share. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date is Friday, February 7th. Howmet Aerospace's dividend payout ratio (DPR) is 14.18%.

Analyst Ratings Changes

Several brokerages have recently weighed in on HWM. Barclays upped their price target on Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Tuesday. Wells Fargo & Company upped their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. Robert W. Baird upped their target price on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Bank of America upped their target price on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Finally, The Goldman Sachs Group upped their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.28.

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.