Childress Capital Advisors LLC Makes New $213,000 Investment in Howmet Aerospace Inc. (NYSE:HWM)

Childress Capital Advisors LLC acquired a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,945 shares of the company’s stock, valued at approximately $213,000.

Several other hedge funds have also recently modified their holdings of the stock. RiverPark Advisors LLC purchased a new position in Howmet Aerospace during the third quarter valued at $26,000. R Squared Ltd purchased a new position in shares of Howmet Aerospace during the fourth quarter valued at about $26,000. Hollencrest Capital Management bought a new stake in shares of Howmet Aerospace in the third quarter worth about $30,000. Global Trust Asset Management LLC purchased a new stake in shares of Howmet Aerospace in the fourth quarter worth about $33,000. Finally, Hanson & Doremus Investment Management bought a new position in Howmet Aerospace during the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on HWM shares. Royal Bank of Canada upped their price objective on Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Wells Fargo & Company increased their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Sanford C. Bernstein boosted their target price on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Robert W. Baird increased their price target on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Bank of America boosted their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Howmet Aerospace has a consensus rating of “Moderate Buy” and a consensus price target of $115.71.

Howmet Aerospace Trading Down 0.7 %

HWM stock opened at $125.54 on Wednesday. Howmet Aerospace Inc. has a 12 month low of $57.12 and a 12 month high of $129.10. The firm’s 50-day moving average is $117.20 and its 200 day moving average is $105.46. The company has a market capitalization of $51.00 billion, a PE ratio of 47.92, a P/E/G ratio of 1.43 and a beta of 1.50. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend is Friday, February 7th. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s payout ratio is currently 12.21%.

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.