Howmet Aerospace Inc. (NYSE:HWM) Shares Purchased by Navellier & Associates Inc.

Navellier & Associates Inc. raised its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 20.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 82,050 shares of the company’s stock after acquiring an additional 13,956 shares during the quarter. Howmet Aerospace accounts for about 1.1% of Navellier & Associates Inc.’s holdings, making the stock its 18th biggest position. Navellier & Associates Inc.’s holdings in Howmet Aerospace were worth $8,974,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Stifel Financial Corp lifted its stake in shares of Howmet Aerospace by 12.1% in the third quarter. Stifel Financial Corp now owns 263,830 shares of the company’s stock valued at $26,450,000 after purchasing an additional 28,568 shares during the period. Vista Investment Partners LLC acquired a new stake in shares of Howmet Aerospace during the 4th quarter valued at approximately $531,000. Genesis Private Wealth LLC acquired a new stake in shares of Howmet Aerospace during the 4th quarter valued at approximately $249,000. Oppenheimer & Co. Inc. boosted its stake in shares of Howmet Aerospace by 135.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 26,159 shares of the company’s stock worth $2,622,000 after acquiring an additional 15,070 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Howmet Aerospace in the 4th quarter worth approximately $289,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Down 6.2 %

Shares of Howmet Aerospace stock opened at $129.83 on Friday. Howmet Aerospace Inc. has a fifty-two week low of $62.80 and a fifty-two week high of $140.55. The business’s fifty day moving average is $121.18 and its two-hundred day moving average is $109.59. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The firm has a market cap of $52.58 billion, a PE ratio of 46.04, a P/E/G ratio of 1.94 and a beta of 1.50.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. The firm had revenue of $1.89 billion for 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%. Analysts anticipate that Howmet Aerospace Inc. will post 3.26 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, February 7th. Howmet Aerospace’s payout ratio is presently 14.18%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Truist Financial reiterated a “buy” rating and set a $140.00 target price (up from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Barclays lifted their price target on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday. JPMorgan Chase & Co. increased their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. The Goldman Sachs Group lifted their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Bank of America upped their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.