Perigon Wealth Management LLC Buys 115 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Perigon Wealth Management LLC raised its stake in Howmet Aerospace Inc. (NYSE:HWM) by 4.1% during the 4th quarter, Holdings Channel reports. The fund owned 2,904 shares of the company’s stock after acquiring an additional 115 shares during the period. Perigon Wealth Management LLC’s holdings in Howmet Aerospace were worth $318,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. RiverPark Advisors LLC bought a new position in shares of Howmet Aerospace during the third quarter worth approximately $26,000. Hollencrest Capital Management bought a new position in shares of Howmet Aerospace during the third quarter worth approximately $30,000. Global Trust Asset Management LLC bought a new position in Howmet Aerospace in the fourth quarter valued at approximately $33,000. Assetmark Inc. increased its stake in 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 acquiring an additional 126 shares during the last quarter. Finally, ORG Partners LLC bought a new position in Howmet Aerospace in the fourth quarter valued at approximately $44,000. 90.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Bank of America lifted their price objective on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. UBS Group raised their target price on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. KeyCorp lowered shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Barclays raised their target price on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Finally, Sanford C. Bernstein lifted their price target on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $115.71.

Howmet Aerospace Stock Down 0.7 %

Howmet Aerospace stock opened at $126.45 on Monday. Howmet Aerospace Inc. has a twelve month low of $55.89 and a twelve month high of $129.10. The firm has a 50 day moving average price of $116.98 and a 200-day moving average price of $104.94. The company has a market capitalization of $51.37 billion, a P/E ratio of 48.26, a P/E/G ratio of 1.42 and a beta of 1.49. 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 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be given a dividend of $0.10 per share. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend is Friday, February 7th. Howmet Aerospace’s dividend payout ratio is currently 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.