Guyasuta Investment Advisors Inc. Grows Stake in Howmet Aerospace Inc. (NYSE:HWM)

Guyasuta Investment Advisors Inc. increased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,662 shares of the company’s stock after purchasing an additional 104 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in Howmet Aerospace were worth $838,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. RiverPark Advisors LLC bought a new stake in Howmet Aerospace in the 3rd quarter worth approximately $26,000. R Squared Ltd bought a new stake in Howmet Aerospace in the 4th quarter worth approximately $26,000. Hollencrest Capital Management bought a new stake in Howmet Aerospace in the 3rd quarter worth approximately $30,000. Global Trust Asset Management LLC bought a new stake in Howmet Aerospace in the 4th quarter worth approximately $33,000. Finally, Hanson & Doremus Investment Management bought a new stake in Howmet Aerospace in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

HWM has been the topic of a number of research reports. 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. Royal Bank of Canada lifted 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. Barclays boosted their target price on Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Susquehanna boosted their target price on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company boosted their target price on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $117.76.

Howmet Aerospace Price Performance

HWM opened at $133.66 on Friday. Howmet Aerospace Inc. has a 52-week low of $62.70 and a 52-week high of $133.92. The stock has a market cap of $54.30 billion, a P/E ratio of 51.02, a PEG ratio of 1.45 and a beta of 1.50. The business has a fifty day moving average of $118.75 and a 200 day moving average of $107.74. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a return on equity of 24.50% and a net margin of 14.81%. As a group, sell-side analysts anticipate that Howmet Aerospace Inc. will post 2.66 EPS for the current year.

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 issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. 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. Howmet Aerospace’s dividend payout ratio is currently 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.