Compass Capital Corp MA ADV Makes New Investment in Howmet Aerospace Inc. (NYSE:HWM)

Compass Capital Corp MA ADV acquired a new position in Howmet Aerospace Inc. (NYSE:HWM) in the 4th quarter, Holdings Channel reports. The firm acquired 19,281 shares of the company’s stock, valued at approximately $2,109,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Legacy Capital Group California Inc. bought a new position in Howmet Aerospace in the 4th quarter worth $928,000. Advyzon Investment Management LLC bought a new position in shares of Howmet Aerospace in the 4th quarter worth about $335,000. Cumberland Partners Ltd increased its stake in shares of Howmet Aerospace by 17.9% in the 4th quarter. Cumberland Partners Ltd now owns 88,475 shares of the company’s stock worth $9,677,000 after acquiring an additional 13,455 shares in the last quarter. Ieq Capital LLC increased its stake in shares of Howmet Aerospace by 186.7% in the 4th quarter. Ieq Capital LLC now owns 58,937 shares of the company’s stock worth $6,446,000 after acquiring an additional 38,379 shares in the last quarter. Finally, Global Retirement Partners LLC increased its stake in shares of Howmet Aerospace by 82.4% in the 4th quarter. Global Retirement Partners LLC now owns 1,107 shares of the company’s stock worth $121,000 after acquiring an additional 500 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on HWM. Royal Bank of Canada increased their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Barclays increased their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday. 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 note on Tuesday. UBS Group increased their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. 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’s stock. Based on data from MarketBeat, Howmet Aerospace currently has an average rating of “Moderate Buy” and an average price target of $123.28.

Howmet Aerospace Stock Performance

Shares of NYSE HWM opened at $138.16 on Friday. The firm’s 50-day moving average price is $120.86 and its 200-day moving average price is $109.29. 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 has a market cap of $55.96 billion, a PE ratio of 48.99, a PEG ratio of 1.51 and a beta of 1.50. Howmet Aerospace Inc. has a 52-week low of $62.80 and a 52-week high of $140.55.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The firm had revenue of $1.89 billion for 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, analysts anticipate that Howmet Aerospace Inc. will post 3.24 EPS for the current year.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be issued a $0.10 dividend. 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.29%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 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.