Optas LLC Buys Shares of 1,968 Howmet Aerospace Inc. (NYSE:HWM)

Optas LLC purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,968 shares of the company’s stock, valued at approximately $215,000.

A number of other hedge funds have also made changes to their positions in the stock. Terra Nova Asset Management LLC bought a new position in shares of Howmet Aerospace in the third quarter valued at approximately $1,264,000. Stifel Financial Corp raised its holdings in Howmet Aerospace by 12.1% in the 3rd quarter. Stifel Financial Corp now owns 263,830 shares of the company’s stock worth $26,450,000 after acquiring an additional 28,568 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its position in Howmet Aerospace by 1,258.3% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company’s stock worth $206,000 after acquiring an additional 1,900 shares during the last quarter. Vista Investment Partners LLC bought a new stake in Howmet Aerospace during the fourth quarter valued at about $531,000. Finally, Genesis Private Wealth LLC bought a new position in shares of Howmet Aerospace in the fourth quarter worth about $249,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Ratings Changes

HWM has been the subject of several recent analyst reports. Royal Bank of Canada increased their target price on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Sanford C. Bernstein boosted their target price on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Wells Fargo & Company increased their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Robert W. Baird boosted their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Susquehanna increased their target price on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th. One equities 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $115.71.

Howmet Aerospace Trading Down 0.7 %

Shares of Howmet Aerospace stock opened at $125.54 on Wednesday. The stock has a market capitalization of $51.00 billion, a P/E ratio of 47.92, a price-to-earnings-growth ratio of 1.43 and a beta of 1.50. Howmet Aerospace Inc. has a 12-month low of $57.12 and a 12-month high of $129.10. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. The company has a 50-day simple moving average of $117.20 and a 200 day simple moving average of $105.46.

Howmet Aerospace Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s payout ratio is 12.21%.

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.