Bleakley Financial Group LLC Acquires 161 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Bleakley Financial Group LLC grew its position in Howmet Aerospace Inc. (NYSE:HWM) by 1.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 15,208 shares of the company’s stock after acquiring an additional 161 shares during the period. Bleakley Financial Group LLC’s holdings in Howmet Aerospace were worth $1,663,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in HWM. RiverPark Advisors LLC bought a new position in shares of Howmet Aerospace during the third quarter valued at $26,000. R Squared Ltd acquired a new position in shares of Howmet Aerospace in the fourth quarter worth approximately $26,000. Hollencrest Capital Management bought a new stake in Howmet Aerospace during the third quarter valued at $30,000. Global Trust Asset Management LLC bought a new stake in shares of Howmet Aerospace in the 4th quarter valued at $33,000. Finally, Hanson & Doremus Investment Management acquired a new position in shares of Howmet Aerospace during the fourth quarter worth approximately $34,000. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Stock Down 1.0 %

Shares of NYSE HWM opened at $127.67 on Friday. The firm has a fifty day simple moving average of $117.83 and a two-hundred day simple moving average of $106.11. Howmet Aerospace Inc. has a 12 month low of $58.34 and a 12 month high of $129.69. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $51.87 billion, a PE ratio of 48.73, a price-to-earnings-growth ratio of 1.43 and a beta of 1.50.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, February 7th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.31%. Howmet Aerospace’s dividend payout ratio (DPR) is 15.27%.

Analyst Ratings Changes

HWM has been the subject of a number of research analyst reports. Susquehanna increased their price target on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research report on Thursday, November 7th. Bank of America upped their target price on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. KeyCorp lowered shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Barclays upped their target price on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, UBS Group lifted their price target on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.71.

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.