Synergy Investment Management LLC Makes New $51,000 Investment in Howmet Aerospace Inc. (NYSE:HWM)

Synergy Investment Management LLC bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 470 shares of the company’s stock, valued at approximately $51,000.

Several other institutional investors have also recently bought and sold shares of HWM. Private Trust Co. NA increased its stake in shares of Howmet Aerospace by 28.0% in the fourth quarter. Private Trust Co. NA now owns 407 shares of the company’s stock valued at $45,000 after buying an additional 89 shares during the period. O Neil Global Advisors Inc. increased its stake in shares of Howmet Aerospace by 0.5% in the fourth quarter. O Neil Global Advisors Inc. now owns 19,527 shares of the company’s stock valued at $2,136,000 after buying an additional 90 shares during the period. Brooklyn Investment Group increased its stake in shares of Howmet Aerospace by 6.1% in the fourth quarter. Brooklyn Investment Group now owns 1,678 shares of the company’s stock valued at $183,000 after buying an additional 97 shares during the period. Guyasuta Investment Advisors Inc. increased its stake in shares of Howmet Aerospace by 1.4% in the fourth quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company’s stock valued at $838,000 after buying an additional 104 shares during the period. Finally, Caprock Group LLC increased its stake in shares of Howmet Aerospace by 1.0% in the third quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock valued at $1,121,000 after buying an additional 106 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock opened at $126.95 on Wednesday. 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 business’s 50 day simple moving average is $124.07 and its two-hundred day simple moving average is $111.74. The stock has a market capitalization of $51.42 billion, a P/E ratio of 45.02, a price-to-earnings-growth ratio of 1.92 and a beta of 1.50. Howmet Aerospace Inc. has a one year low of $62.80 and a one year high of $140.55.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on HWM shares. Royal Bank of Canada upped their price objective on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. 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 research note on Friday, February 14th. Robert W. Baird upped their target price on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. upped their target price on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Finally, 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. One research analyst has rated the stock with a sell rating, two have issued 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 an average 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.