Kestra Private Wealth Services LLC Grows Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Kestra Private Wealth Services LLC lifted its stake in Howmet Aerospace Inc. (NYSE:HWM) by 10.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,812 shares of the company’s stock after acquiring an additional 963 shares during the period. Kestra Private Wealth Services LLC’s holdings in Howmet Aerospace were worth $1,073,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Essex LLC bought a new position in shares of Howmet Aerospace in the fourth quarter worth $207,000. Empowered Funds LLC boosted its holdings in shares of Howmet Aerospace by 29.3% in the fourth quarter. Empowered Funds LLC now owns 86,362 shares of the company’s stock worth $9,445,000 after acquiring an additional 19,573 shares during the period. Moloney Securities Asset Management LLC bought a new position in shares of Howmet Aerospace in the fourth quarter worth $969,000. Wilmington Savings Fund Society FSB boosted its holdings in shares of Howmet Aerospace by 9.5% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 8,097 shares of the company’s stock worth $886,000 after acquiring an additional 700 shares during the period. Finally, Kingsview Wealth Management LLC boosted its holdings in shares of Howmet Aerospace by 39.7% in the fourth quarter. Kingsview Wealth Management LLC now owns 6,932 shares of the company’s stock worth $758,000 after acquiring an additional 1,970 shares during the period. 90.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Howmet Aerospace Trading Down 0.1 %

Shares of HWM stock opened at $127.97 on Friday. The firm has a market cap of $51.99 billion, a P/E ratio of 48.84, a price-to-earnings-growth ratio of 1.45 and a beta of 1.50. The business has a 50-day moving average price of $118.59 and a two-hundred day moving average price of $107.60. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. Howmet Aerospace Inc. has a 12-month low of $62.38 and a 12-month high of $129.95.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a return on equity of 24.50% and a net margin of 14.81%. Equities analysts anticipate that Howmet Aerospace Inc. will post 2.66 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be issued a $0.10 dividend. The ex-dividend date is Friday, February 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s payout ratio is currently 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.