Kestra Investment Management LLC Buys Shares of 617 Howmet Aerospace Inc. (NYSE:HWM)

Kestra Investment Management LLC bought a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 617 shares of the company’s stock, valued at approximately $67,000.

Other large investors also recently added to or reduced their stakes in the company. Stifel Financial Corp raised its stake in Howmet Aerospace by 12.1% during the 3rd quarter. Stifel Financial Corp now owns 263,830 shares of the company’s stock valued at $26,450,000 after purchasing an additional 28,568 shares during the period. Vista Investment Partners LLC acquired a new stake in Howmet Aerospace during the 4th quarter valued at $531,000. Genesis Private Wealth LLC acquired a new stake in Howmet Aerospace during the 4th quarter valued at $249,000. Oppenheimer & Co. Inc. raised its stake in Howmet Aerospace by 135.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 26,159 shares of the company’s stock valued at $2,622,000 after purchasing an additional 15,070 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new stake in Howmet Aerospace during the 4th quarter valued at $289,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Stock Down 6.2 %

HWM stock opened at $129.83 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. Howmet Aerospace Inc. has a 52-week low of $62.80 and a 52-week high of $140.55. The company has a 50-day moving average of $121.18 and a two-hundred day moving average of $109.59. The stock has a market capitalization of $52.58 billion, a price-to-earnings ratio of 46.04, a price-to-earnings-growth ratio of 1.94 and a beta of 1.50.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.88 billion. As a group, equities research analysts anticipate that Howmet Aerospace Inc. will post 3.26 EPS for the current year.

Howmet Aerospace Increases Dividend

The company 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 dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, February 7th. Howmet Aerospace’s dividend payout ratio is 14.18%.

Wall Street Analysts Forecast Growth

HWM has been the topic of a number of research reports. Susquehanna upped their price target 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. The Goldman Sachs Group upped their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday. Wells Fargo & Company upped their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Morgan Stanley upped their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, 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 note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Howmet Aerospace has an average rating of “Moderate Buy” and an average target price of $123.28.

About Howmet Aerospace

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.