Physician Wealth Advisors Inc. Acquires Shares of 1,870 Howmet Aerospace Inc. (NYSE:HWM)

Physician Wealth Advisors Inc. bought a new stake in Howmet Aerospace Inc. (NYSE:HWM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,870 shares of the company’s stock, valued at approximately $205,000.

Other institutional investors have also modified their holdings of the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of Howmet Aerospace during the fourth quarter worth about $25,000. R Squared Ltd purchased a new stake in shares of Howmet Aerospace in the 4th quarter worth about $26,000. Washington Trust Advisors Inc. purchased a new position in Howmet Aerospace during the 4th quarter valued at about $29,000. Global Trust Asset Management LLC acquired a new position in Howmet Aerospace during the fourth quarter worth about $33,000. Finally, Hanson & Doremus Investment Management purchased a new stake in shares of Howmet Aerospace in the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

HWM stock opened at $129.61 on Friday. The firm has a market cap of $52.50 billion, a P/E ratio of 45.96, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54. The stock has a 50-day simple moving average of $129.41 and a 200-day simple moving average of $115.89. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. Howmet Aerospace Inc. has a 1 year low of $62.80 and a 1 year high of $140.55.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. On average, equities analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio (DPR) is presently 14.18%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on HWM shares. The Goldman Sachs Group upped their target price on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. upped their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Wells Fargo & Company lifted their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Truist Financial restated a “buy” rating and set a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Finally, Morgan Stanley boosted their price target on Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.28.

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.