Farther Finance Advisors LLC Decreases Position in Howmet Aerospace Inc. (NYSE:HWM)

Farther Finance Advisors LLC decreased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 49.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,704 shares of the company’s stock after selling 4,563 shares during the quarter. Farther Finance Advisors LLC’s holdings in Howmet Aerospace were worth $515,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in HWM. RiverPark Advisors LLC acquired a new position in Howmet Aerospace during the third quarter worth approximately $26,000. R Squared Ltd acquired a new position in Howmet Aerospace during the fourth quarter worth approximately $26,000. Washington Trust Advisors Inc. acquired a new position in Howmet Aerospace during the fourth quarter worth approximately $29,000. Global Trust Asset Management LLC acquired a new position in Howmet Aerospace during the fourth quarter worth approximately $33,000. Finally, Hanson & Doremus Investment Management acquired a new position in Howmet Aerospace during the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Up 3.1 %

HWM opened at $126.56 on Monday. The business’s fifty day moving average is $126.39 and its two-hundred day moving average is $113.38. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The company has a market cap of $51.26 billion, a price-to-earnings ratio of 44.88, a PEG ratio of 1.92 and a beta of 1.54. Howmet Aerospace Inc. has a one year low of $62.80 and a one year high of $140.55.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. Analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given a $0.10 dividend. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. The ex-dividend date was Friday, February 7th. Howmet Aerospace’s dividend payout ratio is currently 14.18%.

Wall Street Analysts Forecast Growth

HWM has been the topic of several research analyst reports. Barclays lifted their price target on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. boosted their target price on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Morgan Stanley boosted their target price on Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Wells Fargo & Company boosted their target price on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Finally, The Goldman Sachs Group boosted their target price on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the company. 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 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.