Forefront Wealth Management Inc. Acquires Shares of 21,139 Howmet Aerospace Inc. (NYSE:HWM)

Forefront Wealth Management Inc. acquired a new position in shares of 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. The institutional investor acquired 21,139 shares of the company's stock, valued at approximately $2,312,000. Howmet Aerospace comprises about 2.1% of Forefront Wealth Management Inc.'s portfolio, making the stock its 19th biggest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HWM. Sei Investments Co. grew its stake in shares of Howmet Aerospace by 82.4% during the fourth quarter. Sei Investments Co. now owns 1,106,586 shares of the company's stock valued at $121,026,000 after purchasing an additional 499,978 shares during the last quarter. American Century Companies Inc. lifted its holdings in Howmet Aerospace by 4.4% during the 4th quarter. American Century Companies Inc. now owns 2,488,286 shares of the company's stock worth $272,144,000 after buying an additional 104,694 shares in the last quarter. Vestor Capital LLC bought a new position in Howmet Aerospace in the 4th quarter valued at $4,293,000. Mizuho Securities USA LLC increased its stake in shares of Howmet Aerospace by 45.5% in the 4th quarter. Mizuho Securities USA LLC now owns 38,504 shares of the company's stock valued at $4,211,000 after buying an additional 12,038 shares during the period. Finally, Millstone Evans Group LLC acquired a new position in shares of Howmet Aerospace during the fourth quarter valued at $87,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on HWM. JPMorgan Chase & Co. lifted their price target on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Barclays upped their target price on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. The Goldman Sachs Group raised their price target on Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Wells Fargo & Company upped their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Finally, Morgan Stanley raised their target price on Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. One 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's stock. Based on data from MarketBeat, Howmet Aerospace currently has an average rating of "Moderate Buy" and a consensus price target of $123.28.

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Howmet Aerospace Stock Down 2.7 %

Shares of NYSE:HWM traded down $3.68 during mid-day trading on Wednesday, reaching $134.04. 2,731,988 shares of the stock were exchanged, compared to its average volume of 2,640,529. The company has a market cap of $54.29 billion, a P/E ratio of 47.53, a P/E/G ratio of 1.92 and a beta of 1.54. Howmet Aerospace Inc. has a one year low of $62.80 and a one year high of $140.55. The stock's 50 day simple moving average is $128.89 and its 200-day simple moving average is $115.23. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced 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 company 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%. As a group, equities research analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a dividend of $0.10 per share. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.08. The ex-dividend date was Friday, February 7th. This represents a $0.40 annualized dividend and a yield of 0.30%. Howmet Aerospace's dividend payout ratio (DPR) is currently 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.