SVB Wealth LLC Buys New Stake in Howmet Aerospace Inc. (NYSE:HWM)

SVB Wealth LLC bought a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,647 shares of the company’s stock, valued at approximately $290,000.

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HWM. The Goldman Sachs Group raised their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. raised their price target on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Barclays raised their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Bank of America raised their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Morgan Stanley raised their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. One research 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $123.28.

Howmet Aerospace Stock Up 2.6 %

HWM stock opened at $130.38 on Thursday. The firm has a market cap of $52.81 billion, a PE ratio of 46.23, a P/E/G ratio of 1.92 and a beta of 1.54. 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 firm’s fifty day moving average is $124.44 and its 200 day moving average is $111.87. Howmet Aerospace Inc. has a one year low of $62.80 and a one year high of $140.55.

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

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.31%. The ex-dividend date was 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 currently 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.