Avitas Wealth Management LLC Buys 123 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Avitas Wealth Management LLC raised its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 0.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 24,692 shares of the company’s stock after buying an additional 123 shares during the quarter. Avitas Wealth Management LLC’s holdings in Howmet Aerospace were worth $2,701,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its holdings in Howmet Aerospace by 7.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,609 shares of the company’s stock worth $203,000 after acquiring an additional 178 shares during the period. Cetera Investment Advisers grew its position in shares of Howmet Aerospace by 37.4% during the 2nd quarter. Cetera Investment Advisers now owns 58,948 shares of the company’s stock valued at $4,576,000 after purchasing an additional 16,055 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Howmet Aerospace in the second quarter worth $1,533,000. Czech National Bank raised its position in shares of Howmet Aerospace by 12.5% in the third quarter. Czech National Bank now owns 83,143 shares of the company’s stock worth $8,335,000 after buying an additional 9,248 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Howmet Aerospace by 38.6% during the third quarter. GAMMA Investing LLC now owns 7,214 shares of the company’s stock valued at $723,000 after buying an additional 2,008 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Trading Down 0.7 %

NYSE HWM opened at $125.54 on Wednesday. The firm has a market cap of $51.00 billion, a PE ratio of 47.92, a price-to-earnings-growth ratio of 1.43 and a beta of 1.50. Howmet Aerospace Inc. has a 1-year low of $57.12 and a 1-year high of $129.10. The stock has a 50-day moving average of $117.20 and a 200-day moving average of $105.46. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, February 7th. 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. Howmet Aerospace’s payout ratio is presently 12.21%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HWM. Sanford C. Bernstein upped their target price on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Royal Bank of Canada upped their price objective on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Bank of America lifted their target price on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Truist Financial increased their price target on shares of Howmet Aerospace from $128.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Finally, Barclays lifted their price objective on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, Howmet Aerospace has a consensus rating of “Moderate Buy” and an average target price of $115.71.

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.