Kestra Investment Management LLC Acquires New Position in Howmet Aerospace Inc. (NYSE:HWM)

Kestra Investment Management LLC acquired a new stake in Howmet Aerospace Inc. (NYSE:HWM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 617 shares of the company’s stock, valued at approximately $67,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC grew its holdings in shares of Howmet Aerospace by 18.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,490 shares of the company’s stock valued at $163,000 after purchasing an additional 228 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of Howmet Aerospace by 6.6% during the fourth quarter. D.A. Davidson & CO. now owns 13,921 shares of the company’s stock valued at $1,523,000 after purchasing an additional 866 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Howmet Aerospace by 4.2% during the fourth quarter. CIBC Asset Management Inc now owns 62,064 shares of the company’s stock valued at $6,788,000 after purchasing an additional 2,523 shares during the last quarter. NTV Asset Management LLC grew its holdings in shares of Howmet Aerospace by 4.8% during the fourth quarter. NTV Asset Management LLC now owns 2,631 shares of the company’s stock valued at $288,000 after purchasing an additional 121 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in shares of Howmet Aerospace by 6.7% during the fourth quarter. Sanctuary Advisors LLC now owns 31,423 shares of the company’s stock valued at $3,437,000 after purchasing an additional 1,963 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on HWM. Bank of America upped their target price on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Susquehanna boosted their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research report on Thursday, November 7th. UBS Group boosted their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Barclays boosted their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Robert W. Baird boosted their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. 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. According to MarketBeat.com, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and an average target price of $123.28.

Howmet Aerospace Stock Performance

HWM opened at $129.83 on Friday. The company has a market capitalization of $52.58 billion, a price-to-earnings ratio of 46.04, a price-to-earnings-growth ratio of 1.94 and a beta of 1.50. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. Howmet Aerospace Inc. has a 1-year low of $62.80 and a 1-year high of $140.55. The business has a 50 day moving average price of $121.18 and a two-hundred day moving average price of $109.59.

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. 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. Research analysts predict that Howmet Aerospace Inc. will post 3.26 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently disclosed 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 represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend is Friday, February 7th. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio is 14.18%.

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.