Wealth High Governance Capital Ltda Takes Position in Howmet Aerospace Inc. (NYSE:HWM)

Wealth High Governance Capital Ltda acquired a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 62,160 shares of the company’s stock, valued at approximately $6,798,000. Howmet Aerospace makes up approximately 2.5% of Wealth High Governance Capital Ltda’s holdings, making the stock its 15th biggest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Assetmark Inc. raised its holdings 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 during the last quarter. Atria Investments Inc grew its position in Howmet Aerospace by 2.7% in the third quarter. Atria Investments Inc now owns 26,021 shares of the company’s stock valued at $2,609,000 after purchasing an additional 673 shares in the last quarter. Venturi Wealth Management LLC increased its stake in Howmet Aerospace by 34.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,262 shares of the company’s stock valued at $127,000 after buying an additional 324 shares during the last quarter. Apollon Wealth Management LLC lifted its position in Howmet Aerospace by 25.0% during the 3rd quarter. Apollon Wealth Management LLC now owns 6,447 shares of the company’s stock worth $646,000 after buying an additional 1,289 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in shares of Howmet Aerospace during the 3rd quarter worth about $1,545,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $125.39 on Wednesday. The firm’s 50-day moving average price is $125.51 and its 200-day moving average price is $112.77. Howmet Aerospace Inc. has a 1-year low of $62.80 and a 1-year high of $140.55. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $50.79 billion, a P/E ratio of 44.47, a P/E/G ratio of 1.92 and a beta of 1.54.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.88 billion. Equities research analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date was Friday, February 7th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio is currently 14.18%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HWM. JPMorgan Chase & Co. lifted their target price on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Wells Fargo & Company boosted their price target on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Bank of America increased their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Barclays boosted their target price on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Finally, 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 report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.