TruNorth Capital Management LLC Purchases 1,330 Shares of Howmet Aerospace Inc. (NYSE:HWM)

TruNorth Capital Management LLC grew its position in Howmet Aerospace Inc. (NYSE:HWM) by 198.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,000 shares of the company’s stock after acquiring an additional 1,330 shares during the period. TruNorth Capital Management LLC’s holdings in Howmet Aerospace were worth $219,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on HWM. Truist Financial restated a “buy” rating and issued a $140.00 price objective (up previously from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. UBS Group increased their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Robert W. Baird boosted their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Barclays increased their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. lifted their target price on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $123.28.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $129.48 on Tuesday. The stock has a market cap of $52.44 billion, a PE ratio of 45.92, a price-to-earnings-growth ratio of 1.92 and a beta of 1.50. The stock has a 50-day moving average of $121.51 and a 200-day moving average of $110.15. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. Howmet Aerospace Inc. has a one year low of $62.80 and a one year high of $140.55.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. The firm had revenue of $1.89 billion during 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, sell-side analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, February 7th. This is a positive change 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 payout ratio 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.