Portfolio Design Labs LLC Takes $269,000 Position in Howmet Aerospace Inc. (NYSE:HWM)

Portfolio Design Labs LLC bought a new stake in Howmet Aerospace Inc. (NYSE:HWM) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 2,459 shares of the company’s stock, valued at approximately $269,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Terra Nova Asset Management LLC acquired a new stake in shares of Howmet Aerospace in the third quarter valued at $1,264,000. Stifel Financial Corp increased its position in Howmet Aerospace by 12.1% in the third quarter. Stifel Financial Corp now owns 263,830 shares of the company’s stock worth $26,450,000 after purchasing an additional 28,568 shares during the period. Vista Investment Partners LLC acquired a new stake in Howmet Aerospace in the fourth quarter worth about $531,000. Genesis Private Wealth LLC acquired a new stake in Howmet Aerospace in the fourth quarter worth about $249,000. Finally, Oppenheimer & Co. Inc. increased its position in Howmet Aerospace by 135.9% in the third quarter. Oppenheimer & Co. Inc. now owns 26,159 shares of the company’s stock worth $2,622,000 after purchasing an additional 15,070 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on HWM shares. UBS Group lifted their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Wells Fargo & Company lifted their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Bank of America lifted their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Robert W. Baird lifted their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Sanford C. Bernstein raised their target price on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $115.71.

Howmet Aerospace Trading Down 0.9 %

NYSE:HWM opened at $128.11 on Thursday. Howmet Aerospace Inc. has a fifty-two week low of $58.54 and a fifty-two week high of $129.95. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. The stock has a market capitalization of $52.05 billion, a PE ratio of 48.90, a price-to-earnings-growth ratio of 1.45 and a beta of 1.50. The business’s 50-day simple moving average is $118.43 and its 200-day simple moving average is $107.45.

Howmet Aerospace Increases Dividend

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