Howmet Aerospace Inc. (NYSE:HWM) Shares Acquired by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. increased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 98.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 610 shares of the company’s stock after purchasing an additional 302 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Howmet Aerospace were worth $67,000 as of its most recent filing with the Securities and Exchange Commission.

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

Howmet Aerospace Trading Down 4.5 %

NYSE:HWM opened at $124.41 on Friday. The company has a market cap of $50.39 billion, a PE ratio of 44.12, a P/E/G ratio of 1.92 and a beta of 1.54. The business’s 50 day moving average is $124.68 and its two-hundred day moving average is $111.96. 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.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.88 billion. On average, analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a $0.10 dividend. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date was Friday, February 7th. Howmet Aerospace’s payout ratio is presently 14.18%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Barclays increased their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. increased their price objective 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. Wells Fargo & Company raised their target price 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. Robert W. Baird upped their price target on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Truist Financial reiterated a “buy” rating and issued a $140.00 price target (up previously from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $123.28.

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.