Advyzon Investment Management LLC Makes New $335,000 Investment in Howmet Aerospace Inc. (NYSE:HWM)

Advyzon Investment Management LLC acquired a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,065 shares of the company’s stock, valued at approximately $335,000.

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Susquehanna boosted their price target on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a report on Thursday, November 7th. KeyCorp lowered Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Morgan Stanley upped their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday. Wells Fargo & Company lifted their target price on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Finally, Barclays raised their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.28.

Howmet Aerospace Stock Down 0.9 %

HWM stock opened at $138.16 on Friday. Howmet Aerospace Inc. has a 1-year low of $62.80 and a 1-year high of $140.55. The stock has a market cap of $55.96 billion, a price-to-earnings ratio of 48.99, a price-to-earnings-growth ratio of 1.51 and a beta of 1.50. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The company’s 50 day moving average is $120.86 and its 200 day moving average is $109.29.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Sell-side analysts predict that Howmet Aerospace Inc. will post 3.24 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be given a dividend of $0.10 per share. The ex-dividend date 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 dividend yield of 0.29%. Howmet Aerospace’s dividend payout ratio is 14.18%.

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.