2,041 Shares in Howmet Aerospace Inc. (NYSE:HWM) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,041 shares of the company's stock, valued at approximately $223,000.

Several other large investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA raised its stake in shares of Howmet Aerospace by 28.0% in the fourth quarter. Private Trust Co. NA now owns 407 shares of the company's stock valued at $45,000 after purchasing an additional 89 shares in the last quarter. O Neil Global Advisors Inc. increased its holdings in Howmet Aerospace by 0.5% in the 4th quarter. O Neil Global Advisors Inc. now owns 19,527 shares of the company's stock valued at $2,136,000 after buying an additional 90 shares during the period. Brooklyn Investment Group raised its stake in shares of Howmet Aerospace by 6.1% in the 4th quarter. Brooklyn Investment Group now owns 1,678 shares of the company's stock valued at $183,000 after buying an additional 97 shares in the last quarter. Guyasuta Investment Advisors Inc. lifted its holdings in shares of Howmet Aerospace by 1.4% during the 4th quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company's stock worth $838,000 after acquiring an additional 104 shares during the period. Finally, Perigon Wealth Management LLC boosted its position in shares of Howmet Aerospace by 4.1% during the 4th quarter. Perigon Wealth Management LLC now owns 2,904 shares of the company's stock valued at $318,000 after acquiring an additional 115 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms recently issued reports on HWM. The Goldman Sachs Group increased their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Morgan Stanley increased 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. Wells Fargo & Company boosted their price target on Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. increased their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Finally, Truist Financial restated a "buy" rating and issued a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. One 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $123.28.

Howmet Aerospace Trading Down 2.1 %

NYSE:HWM traded down $2.82 during trading hours on Friday, hitting $129.61. 1,945,000 shares of the stock were exchanged, compared to its average volume of 2,747,326. The company has a market capitalization of $52.50 billion, a P/E ratio of 45.96, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54. 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 company's 50 day moving average is $129.41 and its two-hundred day moving average is $115.89. Howmet Aerospace Inc. has a twelve month low of $62.80 and a twelve month high of $140.55.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (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 analyst estimates of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. On average, sell-side analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given a $0.10 dividend. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend was Friday, February 7th. Howmet Aerospace's dividend payout ratio (DPR) is currently 14.18%.

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.