Howmet Aerospace Inc. (NYSE:HWM) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC raised its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 29.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 86,362 shares of the company’s stock after acquiring an additional 19,573 shares during the quarter. Empowered Funds LLC’s holdings in Howmet Aerospace were worth $9,445,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of HWM. R Squared Ltd acquired a new position in Howmet Aerospace in the fourth quarter worth about $26,000. RiverPark Advisors LLC bought a new position in Howmet Aerospace during the 3rd quarter worth approximately $26,000. Hollencrest Capital Management acquired a new position in shares of Howmet Aerospace in the 3rd quarter worth approximately $30,000. Global Trust Asset Management LLC bought a new stake in shares of Howmet Aerospace in the 4th quarter valued at approximately $33,000. Finally, Hanson & Doremus Investment Management acquired a new stake in shares of Howmet Aerospace during the 4th quarter valued at approximately $34,000. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

HWM opened at $127.67 on Monday. The business has a 50 day moving average price of $118.01 and a two-hundred day moving average price of $106.61. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. The company has a market capitalization of $51.87 billion, a price-to-earnings ratio of 48.73, a price-to-earnings-growth ratio of 1.45 and a beta of 1.50. Howmet Aerospace Inc. has a 1-year low of $58.34 and a 1-year high of $129.69.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, February 7th. This represents a $0.40 annualized dividend and a yield of 0.31%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio (DPR) is currently 12.21%.

Analysts Set New Price Targets

Several analysts have weighed in on HWM shares. Wells Fargo & Company boosted their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Barclays increased their price objective on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Royal Bank of Canada lifted their target price on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. UBS Group increased their price target on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Susquehanna boosted their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.71.

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.