Hanson & Doremus Investment Management Invests $34,000 in Howmet Aerospace Inc. (NYSE:HWM)

Hanson & Doremus Investment Management purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 309 shares of the company’s stock, valued at approximately $34,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HWM. JPMorgan Chase & Co. boosted its position in shares of Howmet Aerospace by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock valued at $1,775,578,000 after acquiring an additional 1,336,592 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Howmet Aerospace by 695.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 558,017 shares of the company’s stock valued at $55,941,000 after purchasing an additional 487,880 shares during the period. Geode Capital Management LLC boosted its holdings in Howmet Aerospace by 5.0% in the 3rd quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock valued at $949,382,000 after purchasing an additional 453,275 shares during the period. State Street Corp grew its position in shares of Howmet Aerospace by 2.3% during the 3rd quarter. State Street Corp now owns 17,440,176 shares of the company’s stock worth $1,748,378,000 after purchasing an additional 384,171 shares in the last quarter. Finally, Retirement Systems of Alabama increased its stake in Howmet Aerospace by 332.6% during the 3rd quarter. Retirement Systems of Alabama now owns 370,027 shares of the company’s stock worth $37,095,000 after acquiring an additional 284,487 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Price Performance

Howmet Aerospace stock opened at $127.30 on Friday. The stock has a 50-day moving average price of $116.62 and a two-hundred day moving average price of $104.28. Howmet Aerospace Inc. has a 12 month low of $55.89 and a 12 month high of $129.10. The company has a market capitalization of $51.72 billion, a PE ratio of 48.59, a P/E/G ratio of 1.43 and a beta of 1.49. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76.

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 represents a $0.40 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date is Friday, February 7th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio (DPR) is 12.21%.

Analyst Ratings Changes

HWM has been the subject of a number of recent analyst reports. UBS Group upped their target price on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Robert W. Baird increased their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Susquehanna boosted their target price on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research report on Thursday, November 7th. Bank of America increased their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada boosted their price objective on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $115.71.

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.