2,041 Shares in Howmet Aerospace Inc. (NYSE:HWM) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,041 shares of the company’s stock, valued at approximately $223,000.

Other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of Howmet Aerospace during the fourth quarter valued at $26,000. Global Trust Asset Management LLC bought a new stake in Howmet Aerospace in the 4th quarter valued at about $33,000. Hanson & Doremus Investment Management bought a new stake in Howmet Aerospace in the 4th quarter valued at about $34,000. ORG Partners LLC acquired a new position in Howmet Aerospace during the 4th quarter valued at about $44,000. Finally, Private Trust Co. NA grew its position in Howmet Aerospace by 28.0% in the 4th quarter. Private Trust Co. NA now owns 407 shares of the company’s stock worth $45,000 after purchasing an additional 89 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HWM has been the topic of a number of recent analyst reports. Morgan Stanley lifted 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. 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 note on Friday, February 14th. Wells Fargo & Company increased their price target on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Barclays raised their price target on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $140.00 price objective (up previously from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $123.28.

Howmet Aerospace Stock Down 1.1 %

HWM stock opened at $132.64 on Friday. The firm has a market cap of $53.72 billion, a PE ratio of 47.04, a P/E/G ratio of 1.92 and a beta of 1.54. Howmet Aerospace Inc. has a 12 month low of $62.80 and a 12 month high of $140.55. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The firm has a 50 day simple moving average of $129.32 and a 200 day simple moving average of $115.48.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. Equities research analysts forecast 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. Investors of record on Friday, February 7th were given a $0.10 dividend. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. 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 0.30%. Howmet Aerospace’s dividend payout ratio (DPR) is 14.18%.

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.