Acorn Wealth Advisors LLC Cuts Stake in Howmet Aerospace Inc. (NYSE:HWM)

Acorn Wealth Advisors LLC cut its stake in Howmet Aerospace Inc. (NYSE:HWM) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,632 shares of the company’s stock after selling 98 shares during the period. Acorn Wealth Advisors LLC’s holdings in Howmet Aerospace were worth $288,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HWM. RiverPark Advisors LLC acquired a new position in shares of Howmet Aerospace in the 3rd quarter valued at $26,000. R Squared Ltd acquired a new stake in shares of Howmet Aerospace during the 4th quarter worth $26,000. Hollencrest Capital Management purchased a new position in shares of Howmet Aerospace in the 3rd quarter worth $30,000. Global Trust Asset Management LLC acquired a new position in Howmet Aerospace in the fourth quarter valued at $33,000. Finally, Hanson & Doremus Investment Management purchased a new stake in Howmet Aerospace during the fourth quarter valued at about $34,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HWM. Bank of America raised their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Truist Financial restated 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. Wells Fargo & Company lifted their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Barclays increased 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. Finally, UBS Group lifted their target price on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. One 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 presently has an average rating of “Moderate Buy” and an average target price of $123.28.

Howmet Aerospace Stock Up 0.6 %

Shares of Howmet Aerospace stock opened at $130.37 on Wednesday. Howmet Aerospace Inc. has a 1-year low of $62.80 and a 1-year high of $140.55. The company has a market capitalization of $52.80 billion, a PE ratio of 46.23, a P/E/G ratio of 1.92 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. The business has a 50-day moving average of $121.88 and a 200-day moving average of $110.42.

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

Howmet Aerospace Increases Dividend

The business 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. The ex-dividend date was Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio (DPR) is presently 14.18%.

Howmet Aerospace Company 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.