HighPoint Advisor Group LLC Sells 212 Shares of Howmet Aerospace Inc. (NYSE:HWM)

HighPoint Advisor Group LLC decreased its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 0.7% in the fourth quarter, Holdings Channel reports. The firm owned 29,496 shares of the company’s stock after selling 212 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Howmet Aerospace were worth $3,226,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Howmet Aerospace during the fourth quarter valued at $25,000. Meeder Asset Management Inc. lifted its stake in Howmet Aerospace by 208.1% during the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock valued at $25,000 after acquiring an additional 154 shares during the period. R Squared Ltd purchased a new stake in shares of Howmet Aerospace during the 4th quarter valued at about $26,000. Washington Trust Advisors Inc. bought a new stake in shares of Howmet Aerospace in the fourth quarter worth approximately $29,000. Finally, Global Trust Asset Management LLC purchased a new position in shares of Howmet Aerospace during the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Up 0.2 %

Shares of Howmet Aerospace stock opened at $129.99 on Tuesday. Howmet Aerospace Inc. has a fifty-two week low of $62.80 and a fifty-two week high of $140.55. 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 capitalization of $52.65 billion, a P/E ratio of 46.10, a P/E/G ratio of 1.92 and a beta of 1.54. The company has a fifty day moving average of $129.50 and a 200 day moving average of $116.29.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. On average, sell-side analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio (DPR) is presently 14.18%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Morgan Stanley raised their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. The Goldman Sachs Group raised their price target on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Wells Fargo & Company upped their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Truist Financial reissued a “buy” rating and issued a $140.00 target price (up from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Finally, Barclays upped their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $123.28.

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.