GWN Securities Inc. Purchases New Position in Howmet Aerospace Inc. (NYSE:HWM)

GWN Securities Inc. purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM) in the 4th quarter, HoldingsChannel reports. The firm purchased 3,291 shares of the company’s stock, valued at approximately $360,000.

Several other large investors have also made changes to their positions in HWM. RiverPark Advisors LLC bought a new stake in shares of Howmet Aerospace in the 3rd quarter valued at approximately $26,000. R Squared Ltd bought a new stake in shares of Howmet Aerospace in the 4th quarter valued at approximately $26,000. Washington Trust Advisors Inc. bought a new stake in shares of Howmet Aerospace in the 4th quarter valued at approximately $29,000. Global Trust Asset Management LLC bought a new stake in shares of Howmet Aerospace in the 4th quarter valued at approximately $33,000. Finally, Hanson & Doremus Investment Management bought a new stake in shares of Howmet Aerospace in the 4th quarter valued at approximately $34,000. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

Shares of NYSE HWM opened at $126.56 on Monday. The business has a fifty day simple moving average of $126.39 and a 200 day simple moving average of $113.38. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $51.26 billion, a price-to-earnings ratio of 44.88, a PEG ratio of 1.92 and a beta of 1.54. Howmet Aerospace Inc. has a one year low of $62.80 and a one year high of $140.55.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. Sell-side analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on HWM shares. Truist Financial reaffirmed a “buy” rating and set a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Barclays upped their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Wells Fargo & Company upped their target price on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Morgan Stanley upped their target price on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Finally, The Goldman Sachs Group upped their target price on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. One equities research 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’s stock. According to MarketBeat, the company presently has an average 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.