Deroy & Devereaux Private Investment Counsel Inc. Sells 22,716 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Deroy & Devereaux Private Investment Counsel Inc. trimmed its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 7.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 275,612 shares of the company’s stock after selling 22,716 shares during the quarter. Howmet Aerospace accounts for approximately 1.7% of Deroy & Devereaux Private Investment Counsel Inc.’s holdings, making the stock its 20th largest position. Deroy & Devereaux Private Investment Counsel Inc. owned approximately 0.07% of Howmet Aerospace worth $30,144,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on HWM. Robert W. Baird raised their price target on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. KeyCorp cut Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Wells Fargo & Company raised their price target on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Royal Bank of Canada raised their price target on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Barclays raised their price target on Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $115.71.

Howmet Aerospace Price Performance

NYSE:HWM opened at $126.45 on Friday. Howmet Aerospace Inc. has a one year low of $55.89 and a one year high of $129.10. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The firm has a market cap of $51.37 billion, a price-to-earnings ratio of 48.26, a PEG ratio of 1.42 and a beta of 1.49. The firm’s fifty day moving average is $116.98 and its two-hundred day moving average is $104.77.

Howmet Aerospace Increases Dividend

The firm also recently declared 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. This represents a $0.40 annualized dividend and a yield of 0.32%. 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. Howmet Aerospace’s dividend payout ratio is presently 12.21%.

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.