Rakuten Securities Inc. Purchases 212 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Rakuten Securities Inc. lifted its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 112.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 400 shares of the company’s stock after purchasing an additional 212 shares during the period. Rakuten Securities Inc.’s holdings in Howmet Aerospace were worth $44,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stifel Financial Corp grew its holdings in shares of Howmet Aerospace by 12.1% during 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 last quarter. Vista Investment Partners LLC acquired a new position in shares of Howmet Aerospace in the fourth quarter worth approximately $531,000. Genesis Private Wealth LLC acquired a new position in shares of Howmet Aerospace in the fourth quarter worth approximately $249,000. Oppenheimer & Co. Inc. lifted its stake in shares of 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 acquiring an additional 15,070 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Howmet Aerospace in the fourth quarter worth approximately $289,000. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on HWM. JPMorgan Chase & Co. lifted their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. 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 note on Wednesday, December 11th. Barclays lifted their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Morgan Stanley lifted their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Finally, 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 note on Wednesday, November 13th. One investment 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $123.28.

Howmet Aerospace Trading Up 2.0 %

NYSE HWM opened at $127.97 on Thursday. The company has a market cap of $51.83 billion, a price-to-earnings ratio of 45.38, a P/E/G ratio of 1.92 and a beta of 1.54. Howmet Aerospace Inc. has a 52 week low of $62.80 and a 52 week high of $140.55. The business has a 50 day moving average price of $125.88 and a 200-day moving average price of $112.87. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. The firm 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 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, February 7th. This represents a $0.40 annualized dividend and a yield of 0.31%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio is 14.18%.

Howmet Aerospace 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.