Howmet Aerospace Inc. (NYSE:HWM) is RPg Family Wealth Advisory LLC’s 6th Largest Position

RPg Family Wealth Advisory LLC increased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 2.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 91,507 shares of the company’s stock after purchasing an additional 2,177 shares during the period. Howmet Aerospace makes up approximately 3.5% of RPg Family Wealth Advisory LLC’s investment portfolio, making the stock its 6th largest position. RPg Family Wealth Advisory LLC’s holdings in Howmet Aerospace were worth $10,008,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Assetmark Inc. lifted its holdings in Howmet Aerospace by 40.0% during the 3rd quarter. Assetmark Inc. now owns 441 shares of the company’s stock worth $44,000 after buying an additional 126 shares in the last quarter. Atria Investments Inc raised its holdings in shares of Howmet Aerospace by 2.7% in the 3rd quarter. Atria Investments Inc now owns 26,021 shares of the company’s stock valued at $2,609,000 after purchasing an additional 673 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of Howmet Aerospace by 34.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,262 shares of the company’s stock valued at $127,000 after buying an additional 324 shares during the last quarter. Apollon Wealth Management LLC grew its position in shares of Howmet Aerospace by 25.0% in the 3rd quarter. Apollon Wealth Management LLC now owns 6,447 shares of the company’s stock valued at $646,000 after buying an additional 1,289 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of Howmet Aerospace by 6.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 958,493 shares of the company’s stock valued at $96,089,000 after buying an additional 55,118 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Down 4.3 %

Shares of NYSE HWM opened at $122.43 on Friday. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. Howmet Aerospace Inc. has a 52 week low of $62.80 and a 52 week high of $140.55. The firm has a 50-day moving average price of $126.11 and a 200 day moving average price of $112.94. The stock has a market capitalization of $49.59 billion, a price-to-earnings ratio of 43.42, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.74 EPS 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 during the quarter, compared to analysts’ expectations of $1.88 billion. Equities research analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a yield of 0.33%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s payout ratio is presently 14.18%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. 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 research report on Tuesday, February 18th. Truist Financial reissued a “buy” rating and set a $140.00 price objective (up from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. The Goldman Sachs Group raised their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company raised their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. One investment 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $123.28.

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.