Compagnie Lombard Odier SCmA Buys Shares of 4,633 Howmet Aerospace Inc. (NYSE:HWM)

Compagnie Lombard Odier SCmA acquired a new position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,633 shares of the company's stock, valued at approximately $507,000.

A number of other institutional investors have also made changes to their positions in HWM. Stifel Financial Corp raised its position in Howmet Aerospace by 12.1% during the third quarter. Stifel Financial Corp now owns 263,830 shares of the company's stock worth $26,450,000 after acquiring an additional 28,568 shares in the last quarter. Vista Investment Partners LLC bought a new stake in Howmet Aerospace during the fourth quarter worth $531,000. Genesis Private Wealth LLC bought a new stake in Howmet Aerospace during the fourth quarter worth $249,000. Oppenheimer & Co. Inc. raised its position in Howmet Aerospace by 135.9% during the third quarter. Oppenheimer & Co. Inc. now owns 26,159 shares of the company's stock worth $2,622,000 after acquiring an additional 15,070 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in Howmet Aerospace during the fourth quarter worth $289,000. Institutional investors own 90.46% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on HWM shares. Barclays upped their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Tuesday. Bank of America upped their price objective on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. UBS Group upped their price objective on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Sanford C. Bernstein upped their price objective on shares of Howmet Aerospace from $113.00 to $127.00 and gave the company an "outperform" rating in a report on Monday, October 21st. Finally, Wells Fargo & Company upped their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $121.41.

Howmet Aerospace Price Performance

HWM traded up $3.20 on Tuesday, hitting $136.62. 3,190,126 shares of the stock were exchanged, compared to its average volume of 2,690,917. Howmet Aerospace Inc. has a 12 month low of $62.70 and a 12 month high of $137.41. The business has a 50-day moving average of $119.45 and a two-hundred day moving average of $108.55. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. The firm has a market capitalization of $55.50 billion, a price-to-earnings ratio of 52.14, a PEG ratio of 1.45 and a beta of 1.50.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.03. The firm had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.88 billion. Howmet Aerospace had a net margin of 14.81% and a return on equity of 24.50%. Sell-side analysts forecast that Howmet Aerospace Inc. will post 2.66 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend is Friday, February 7th. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.08. Howmet Aerospace's dividend payout ratio is currently 12.21%.

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.