Hantz Financial Services Inc. Boosts Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Hantz Financial Services Inc. raised its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,583 shares of the company’s stock after acquiring an additional 321 shares during the quarter. Hantz Financial Services Inc.’s holdings in Howmet Aerospace were worth $3,017,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. RiverPark Advisors LLC purchased a new position in Howmet Aerospace in the 3rd quarter valued at $26,000. R Squared Ltd acquired a new stake in Howmet Aerospace in the 4th quarter valued at about $26,000. Hollencrest Capital Management purchased a new position in Howmet Aerospace in the 3rd quarter worth approximately $30,000. Global Trust Asset Management LLC acquired a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $33,000. Finally, Assetmark Inc. grew its position in shares of Howmet Aerospace by 40.0% in the third quarter. Assetmark Inc. now owns 441 shares of the company’s stock valued at $44,000 after purchasing an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HWM shares. Bank of America upped their target price on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. UBS Group upped their price objective 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. Susquehanna lifted their target price on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research note on Thursday, November 7th. Robert W. Baird increased their price target on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. 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 stock. According to MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and an average target price of $115.71.

Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock opened at $127.30 on Friday. The stock has a market capitalization of $51.72 billion, a price-to-earnings ratio of 48.59, a price-to-earnings-growth ratio of 1.43 and a beta of 1.49. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. The business has a 50-day moving average of $116.62 and a 200 day moving average of $104.28. Howmet Aerospace Inc. has a 12 month low of $55.89 and a 12 month high of $129.10.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be paid a $0.10 dividend. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date 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 12.21%.

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.