Navellier & Associates Inc. Boosts Stake in Howmet Aerospace Inc. (NYSE:HWM)

Navellier & Associates Inc. grew its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 20.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 82,050 shares of the company’s stock after acquiring an additional 13,956 shares during the period. Howmet Aerospace comprises about 1.1% of Navellier & Associates Inc.’s holdings, making the stock its 18th largest position. Navellier & Associates Inc.’s holdings in Howmet Aerospace were worth $8,974,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. O Neil Global Advisors Inc. increased its position in Howmet Aerospace by 0.5% during the 4th quarter. O Neil Global Advisors Inc. now owns 19,527 shares of the company’s stock worth $2,136,000 after purchasing an additional 90 shares in the last quarter. Brooklyn Investment Group grew its stake in Howmet Aerospace by 6.1% during the fourth quarter. Brooklyn Investment Group now owns 1,678 shares of the company’s stock worth $183,000 after buying an additional 97 shares during the period. Guyasuta Investment Advisors Inc. increased its position in shares of Howmet Aerospace by 1.4% in the fourth quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company’s stock worth $838,000 after acquiring an additional 104 shares in the last quarter. Caprock Group LLC raised its stake in shares of Howmet Aerospace by 1.0% in the 3rd quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock valued at $1,121,000 after acquiring an additional 106 shares during the period. Finally, Perigon Wealth Management LLC raised its stake in shares of Howmet Aerospace by 4.1% in the 4th quarter. Perigon Wealth Management LLC now owns 2,904 shares of the company’s stock valued at $318,000 after acquiring an additional 115 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Down 6.2 %

NYSE HWM opened at $129.83 on Friday. The company has a market capitalization of $52.58 billion, a price-to-earnings ratio of 46.04, a price-to-earnings-growth ratio of 1.94 and a beta of 1.50. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. Howmet Aerospace Inc. has a 12 month low of $62.80 and a 12 month high of $140.55. The company’s fifty day moving average price is $121.18 and its two-hundred day moving average price is $109.59.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The business 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%. As a group, research analysts predict that Howmet Aerospace Inc. will post 3.26 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be given a $0.10 dividend. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 14.18%.

Wall Street Analysts Forecast Growth

HWM has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price target 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. Wells Fargo & Company upped their target price on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Truist Financial reiterated a “buy” rating and set a $140.00 target price (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Morgan Stanley boosted their price target on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Barclays increased their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Howmet Aerospace has a consensus rating of “Moderate Buy” and an average price target 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.