39,251 Shares in Howmet Aerospace Inc. (NYSE:HWM) Purchased by Vestor Capital LLC

Vestor Capital LLC purchased a new position in Howmet Aerospace Inc. (NYSE:HWM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 39,251 shares of the company’s stock, valued at approximately $4,293,000.

Other large investors also recently bought and sold shares of the company. Stifel Financial Corp raised its holdings in Howmet Aerospace by 12.1% in the 3rd quarter. Stifel Financial Corp now owns 263,830 shares of the company’s stock worth $26,450,000 after purchasing an additional 28,568 shares during the period. Vista Investment Partners LLC acquired a new position in shares of Howmet Aerospace during the fourth quarter valued at approximately $531,000. Genesis Private Wealth LLC acquired a new position in shares of Howmet Aerospace during the fourth quarter valued at approximately $249,000. Ameritas Advisory Services LLC acquired a new position in shares of Howmet Aerospace during the fourth quarter valued at approximately $289,000. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Howmet Aerospace by 303.1% during the fourth quarter. Geneos Wealth Management Inc. now owns 10,960 shares of the company’s stock valued at $1,199,000 after acquiring an additional 8,241 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

HWM has been the subject of a number of research analyst reports. Barclays increased their target price on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. The Goldman Sachs Group increased 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. Morgan Stanley increased 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. JPMorgan Chase & Co. upped their price target on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Finally, Wells Fargo & Company upped their price target on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Howmet Aerospace currently has an average rating of “Moderate Buy” and an average price target of $123.28.

Howmet Aerospace Trading Down 0.7 %

Shares of Howmet Aerospace stock opened at $130.70 on Friday. The firm has a market capitalization of $52.94 billion, a price-to-earnings ratio of 46.35, a PEG ratio of 1.92 and a beta of 1.54. Howmet Aerospace Inc. has a fifty-two week low of $62.80 and a fifty-two week high of $140.55. 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 stock has a 50 day moving average of $128.09 and a 200 day moving average of $114.31.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. As a group, research analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given a dividend of $0.10 per share. 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 0.31%. The ex-dividend date was Friday, February 7th. 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.