Nations Financial Group Inc. IA ADV Invests $248,000 in Howmet Aerospace Inc. (NYSE:HWM)

Nations Financial Group Inc. IA ADV purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,269 shares of the company's stock, valued at approximately $248,000.

A number of other large investors have also recently added to or reduced their stakes in HWM. JPMorgan Chase & Co. raised its stake in Howmet Aerospace by 8.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company's stock valued at $1,775,578,000 after acquiring an additional 1,336,592 shares during the period. State Street Corp grew its stake in shares of Howmet Aerospace by 2.3% in the third quarter. State Street Corp now owns 17,440,176 shares of the company's stock valued at $1,748,378,000 after acquiring an additional 384,171 shares in the last quarter. Geode Capital Management LLC increased its position in Howmet Aerospace by 5.0% during the third quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company's stock worth $949,382,000 after acquiring an additional 453,275 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Howmet Aerospace by 5.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company's stock worth $231,101,000 after purchasing an additional 114,457 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its position in shares of Howmet Aerospace by 12.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 1,378,141 shares of the company's stock worth $138,159,000 after purchasing an additional 150,387 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. UBS Group lifted their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. lifted their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Barclays increased their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday. Wells Fargo & Company raised their price target on Howmet Aerospace from $129.00 to $132.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. Finally, Bank of America upped their price objective on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Howmet Aerospace has a consensus rating of "Moderate Buy" and a consensus price target of $123.28.

Howmet Aerospace Trading Down 6.2 %

NYSE:HWM traded down $8.61 during mid-day trading on Friday, hitting $129.83. 3,517,780 shares of the company's stock were exchanged, compared to its average volume of 2,517,588. Howmet Aerospace Inc. has a fifty-two week low of $62.80 and a fifty-two week high of $140.55. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $52.58 billion, a P/E ratio of 46.04, a PEG ratio of 1.92 and a beta of 1.50. The company has a 50 day simple moving average of $121.18 and a 200-day simple moving average of $109.59.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly 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. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. As a group, research analysts expect 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 will be paid on Tuesday, February 25th. Stockholders 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 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 is Friday, February 7th. Howmet Aerospace's dividend payout ratio (DPR) is 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.