Wilmington Savings Fund Society FSB Acquires 700 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Wilmington Savings Fund Society FSB lifted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 9.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,097 shares of the company’s stock after acquiring an additional 700 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Howmet Aerospace were worth $886,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. RiverPark Advisors LLC acquired a new position in Howmet Aerospace during the 3rd quarter valued at about $26,000. R Squared Ltd bought a new position in shares of Howmet Aerospace in the fourth quarter valued at approximately $26,000. Hollencrest Capital Management purchased a new position in shares of Howmet Aerospace during the third quarter valued at approximately $30,000. Global Trust Asset Management LLC bought a new stake in Howmet Aerospace during the fourth quarter worth $33,000. Finally, Hanson & Doremus Investment Management purchased a new stake in Howmet Aerospace in the 4th quarter valued at $34,000. 90.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HWM has been the topic of a number of analyst reports. Truist Financial lifted their price objective on shares of Howmet Aerospace from $128.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. UBS Group boosted their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Susquehanna increased their price objective on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th. Barclays lifted their target price on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, Royal Bank of Canada upped their target price on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $115.71.

Howmet Aerospace Trading Up 0.4 %

Shares of Howmet Aerospace stock opened at $128.15 on Tuesday. The stock has a market capitalization of $52.06 billion, a P/E ratio of 48.91, a P/E/G ratio of 1.45 and a beta of 1.50. Howmet Aerospace Inc. has a 52-week low of $58.34 and a 52-week high of $129.69. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The stock’s 50-day simple moving average is $118.01 and its 200 day simple moving average is $106.80.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be given a $0.10 dividend. The ex-dividend date is Friday, February 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s payout ratio is 12.21%.

About Howmet Aerospace

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.