Oregon Pacific Wealth Management LLC Buys Shares of 3,090 Howmet Aerospace Inc. (NYSE:HWM)

Oregon Pacific Wealth Management LLC bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,090 shares of the company's stock, valued at approximately $338,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HWM. Brooklyn Investment Group increased its stake in shares of Howmet Aerospace by 6.1% during the fourth quarter. Brooklyn Investment Group now owns 1,678 shares of the company's stock worth $183,000 after acquiring an additional 97 shares during the period. Caprock Group LLC grew its position in shares of Howmet Aerospace by 1.0% in the third quarter. Caprock Group LLC now owns 11,179 shares of the company's stock valued at $1,121,000 after purchasing an additional 106 shares during the last quarter. Perigon Wealth Management LLC lifted its holdings in Howmet Aerospace by 4.1% in the 4th quarter. Perigon Wealth Management LLC now owns 2,904 shares of the company's stock valued at $318,000 after purchasing an additional 115 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Howmet Aerospace by 18.7% during the fourth quarter. Versant Capital Management Inc now owns 744 shares of the company's stock worth $81,000 after purchasing an additional 117 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its position in Howmet Aerospace by 6.8% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company's stock worth $195,000 after purchasing an additional 124 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HWM has been the subject of several analyst reports. Sanford C. Bernstein upped their target price on shares of Howmet Aerospace from $113.00 to $127.00 and gave the company an "outperform" rating in a research note on Monday, October 21st. Robert W. Baird increased their target price on Howmet Aerospace from $113.00 to $144.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Royal Bank of Canada raised their price target on Howmet Aerospace from $105.00 to $135.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Truist Financial upped their target price on Howmet Aerospace from $128.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Finally, Susquehanna lifted their price target on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a "positive" rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Howmet Aerospace presently has an average rating of "Moderate Buy" and a consensus price target of $115.71.

Howmet Aerospace Stock Performance

NYSE HWM traded up $2.41 during trading on Wednesday, reaching $127.89. The company's stock had a trading volume of 1,838,561 shares, compared to its average volume of 2,663,354. The firm has a market capitalization of $51.96 billion, a price-to-earnings ratio of 48.81, a price-to-earnings-growth ratio of 1.43 and a beta of 1.50. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The firm has a 50 day moving average price of $117.36 and a 200 day moving average price of $105.80. Howmet Aerospace Inc. has a 12 month low of $57.66 and a 12 month high of $129.10.

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 $0.10 dividend. 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. This represents a $0.40 annualized dividend and a yield of 0.31%. Howmet Aerospace's dividend payout ratio (DPR) is currently 12.21%.

Howmet Aerospace Company 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.