Mystic Asset Management Inc. Invests $219,000 in Howmet Aerospace Inc. (NYSE:HWM)

Mystic Asset Management Inc. acquired a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,999 shares of the company's stock, valued at approximately $219,000.

Several other hedge funds also recently modified their holdings of the stock. R Squared Ltd bought a new stake in Howmet Aerospace during the 4th quarter valued at $26,000. Washington Trust Advisors Inc. bought a new stake in Howmet Aerospace during the 4th quarter valued at $29,000. Global Trust Asset Management LLC bought a new stake in Howmet Aerospace during the 4th quarter valued at $33,000. Hanson & Doremus Investment Management bought a new stake in shares of Howmet Aerospace in the 4th quarter worth $34,000. Finally, Assetmark Inc. grew its stake in shares of Howmet Aerospace by 40.0% in the 3rd quarter. Assetmark Inc. now owns 441 shares of the company's stock worth $44,000 after acquiring an additional 126 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on HWM. The Goldman Sachs Group upped their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Morgan Stanley upped their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Barclays upped their target price on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. upped their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Finally, 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 research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $123.28.

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Howmet Aerospace Stock Performance

NYSE HWM traded down $0.97 during trading on Friday, hitting $130.70. 3,841,393 shares of the company's stock traded hands, compared to its average volume of 2,637,462. The stock has a market capitalization of $52.94 billion, a price-to-earnings ratio of 46.35, a PEG ratio of 1.92 and a beta of 1.54. Howmet Aerospace Inc. has a 12-month low of $62.80 and a 12-month high of $140.55. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The business has a 50 day moving average of $128.09 and a 200-day moving average of $114.31.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. The business 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%. As a group, equities research analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, February 7th. Howmet Aerospace's dividend payout ratio is presently 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.