Soltis Investment Advisors LLC Acquires New Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Soltis Investment Advisors LLC bought a new stake in Howmet Aerospace Inc. (NYSE:HWM) in the fourth quarter, Holdings Channel reports. The fund bought 22,201 shares of the company’s stock, valued at approximately $2,428,000.

Other large investors have also recently bought and sold shares of the company. RiverPark Advisors LLC bought a new position in shares of Howmet Aerospace in the third quarter valued at approximately $26,000. R Squared Ltd acquired a new position in shares of Howmet Aerospace during the 4th quarter valued at $26,000. Hollencrest Capital Management bought a new stake in shares of Howmet Aerospace in the 3rd quarter worth $30,000. Global Trust Asset Management LLC bought a new stake in shares of Howmet Aerospace in the 4th quarter worth $33,000. Finally, Hanson & Doremus Investment Management acquired a new stake in shares of Howmet Aerospace in the fourth quarter valued at $34,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on HWM shares. Barclays boosted their price target on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Sanford C. Bernstein increased their target price on shares of Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. KeyCorp cut shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Susquehanna upped their price target on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada raised their price objective on Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $115.71.

Howmet Aerospace Trading Down 1.0 %

NYSE HWM opened at $127.67 on Monday. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. Howmet Aerospace Inc. has a 1-year low of $58.34 and a 1-year high of $129.69. The firm’s fifty day simple moving average is $118.01 and its 200-day simple moving average is $106.61. The company has a market capitalization of $51.87 billion, a PE ratio of 48.73, a price-to-earnings-growth ratio of 1.45 and a beta of 1.50.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.10 per share. 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. Howmet Aerospace’s dividend payout ratio (DPR) is 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.