D.A. Davidson & CO. Grows Holdings in Howmet Aerospace Inc. (NYSE:HWM)

D.A. Davidson & CO. grew its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 6.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,921 shares of the company’s stock after purchasing an additional 866 shares during the period. D.A. Davidson & CO.’s holdings in Howmet Aerospace were worth $1,523,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of HWM. RiverPark Advisors LLC purchased a new stake in Howmet Aerospace in the third quarter worth $26,000. R Squared Ltd purchased a new position in shares of Howmet Aerospace during the fourth quarter valued at $26,000. Hollencrest Capital Management purchased a new position in shares of Howmet Aerospace during the third quarter valued at $30,000. Global Trust Asset Management LLC purchased a new position in shares of Howmet Aerospace during the fourth quarter valued at $33,000. Finally, Hanson & Doremus Investment Management purchased a new position in shares of Howmet Aerospace during the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $129.83 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The company has a market cap of $52.58 billion, a PE ratio of 46.04, a P/E/G ratio of 1.92 and a beta of 1.50. The business has a 50-day simple moving average of $121.18 and a two-hundred day simple moving average of $109.74. Howmet Aerospace Inc. has a fifty-two week low of $62.80 and a fifty-two week high of $140.55.

Howmet Aerospace (NYSE:HWM) last issued its quarterly 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. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. As a group, equities analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be issued a dividend of $0.10 per share. This is an increase 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 dividend on an annualized basis and a dividend yield of 0.31%. Howmet Aerospace’s payout ratio is 14.18%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on HWM shares. Royal Bank of Canada raised their price target on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Morgan Stanley raised their price target on Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday. Truist Financial restated a “buy” rating and set a $140.00 price target (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. The Goldman Sachs Group raised their price target on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Finally, Barclays raised their price target on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $123.28.

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.