Avestar Capital LLC Buys Shares of 2,015 Howmet Aerospace Inc. (NYSE:HWM)

Avestar Capital LLC bought a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,015 shares of the company's stock, valued at approximately $220,000.

A number of other hedge funds have also made changes to their positions in the company. Schwartz Investment Counsel Inc. acquired a new position in shares of Howmet Aerospace during the fourth quarter valued at approximately $1,258,000. Portfolio Design Labs LLC acquired a new stake in shares of Howmet Aerospace in the fourth quarter valued at approximately $269,000. Soltis Investment Advisors LLC acquired a new stake in shares of Howmet Aerospace in the fourth quarter valued at approximately $2,428,000. Savant Capital LLC increased its holdings in shares of Howmet Aerospace by 0.8% in the fourth quarter. Savant Capital LLC now owns 27,583 shares of the company's stock valued at $3,017,000 after purchasing an additional 219 shares during the last quarter. Finally, Kestra Private Wealth Services LLC increased its holdings in shares of Howmet Aerospace by 10.9% in the fourth quarter. Kestra Private Wealth Services LLC now owns 9,812 shares of the company's stock valued at $1,073,000 after purchasing an additional 963 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Robert W. Baird increased their price target on Howmet Aerospace from $113.00 to $144.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. JPMorgan Chase & Co. increased their price target on Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, February 14th. UBS Group increased their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. KeyCorp lowered Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a research report on Thursday, October 24th. Finally, Susquehanna increased their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the stock a "positive" rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $123.28.

Howmet Aerospace Stock Performance

HWM traded up $2.69 during trading on Wednesday, reaching $139.36. The company's stock had a trading volume of 2,818,859 shares, compared to its average volume of 2,716,333. Howmet Aerospace Inc. has a 52-week low of $62.70 and a 52-week high of $140.55. The company's fifty day moving average price is $119.90 and its 200-day moving average price is $108.88. The company has a market capitalization of $56.62 billion, a price-to-earnings ratio of 49.42, a price-to-earnings-growth ratio of 1.51 and a beta of 1.50. 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 - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.71 by $0.03. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. On average, equities analysts forecast that Howmet Aerospace Inc. will post 3.17 earnings per share 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. Investors of record on Friday, February 7th will be given a dividend of $0.10 per share. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Friday, February 7th. Howmet Aerospace's 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.