Marietta Investment Partners LLC Raises Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Marietta Investment Partners LLC lifted its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 29.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,956 shares of the company's stock after purchasing an additional 8,494 shares during the quarter. Marietta Investment Partners LLC's holdings in Howmet Aerospace were worth $4,042,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of Howmet Aerospace during the 4th quarter valued at $26,000. Washington Trust Advisors Inc. acquired a new position in Howmet Aerospace in the fourth quarter worth about $29,000. Global Trust Asset Management LLC bought a new position in shares of Howmet Aerospace during the fourth quarter valued at $33,000. Hanson & Doremus Investment Management acquired a new position in Howmet Aerospace in the fourth quarter valued at about $34,000. Finally, ORG Partners LLC acquired a new position in shares of Howmet Aerospace in the 4th quarter worth approximately $44,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Down 2.7 %

Shares of NYSE HWM traded down $3.68 during midday trading on Wednesday, reaching $134.04. The company had a trading volume of 2,731,988 shares, compared to its average volume of 2,640,529. 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 stock has a market cap of $54.29 billion, a PE ratio of 47.53, a price-to-earnings-growth 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 firm's fifty day moving average price is $129.13 and its 200-day moving average price is $115.36.

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Howmet Aerospace (NYSE:HWM - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.03. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. On average, equities research analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were paid a $0.10 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.08. Howmet Aerospace's dividend payout ratio (DPR) is 14.18%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. The Goldman Sachs Group lifted their price objective 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 boosted 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. Morgan Stanley upped their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. raised their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Finally, Barclays upped their target price on Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. One 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 company's stock. Based on data from MarketBeat.com, Howmet Aerospace presently has a consensus rating of "Moderate Buy" and an average price target of $123.28.

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.