Ieq Capital LLC Purchases 38,379 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Ieq Capital LLC grew its position in Howmet Aerospace Inc. (NYSE:HWM) by 186.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,937 shares of the company’s stock after purchasing an additional 38,379 shares during the quarter. Ieq Capital LLC’s holdings in Howmet Aerospace were worth $6,446,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. R Squared Ltd bought a new stake in Howmet Aerospace during the fourth quarter valued at $26,000. RiverPark Advisors LLC bought a new position in shares of Howmet Aerospace in the 3rd quarter worth about $26,000. Hollencrest Capital Management acquired a new position in shares of Howmet Aerospace in the 3rd quarter valued at about $30,000. Global Trust Asset Management LLC bought a new stake in shares of Howmet Aerospace during the 4th quarter valued at about $33,000. Finally, Hanson & Doremus Investment Management acquired a new stake in Howmet Aerospace during the fourth quarter worth approximately $34,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HWM has been the topic of several recent analyst reports. Susquehanna boosted their price target on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th. Bank of America boosted their target price on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Royal Bank of Canada raised their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Truist Financial reiterated a “buy” rating and set a $140.00 price objective (up previously from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Finally, Barclays raised their target price on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Howmet Aerospace currently has an average rating of “Moderate Buy” and an average target price of $123.28.

Howmet Aerospace Trading Down 0.9 %

NYSE HWM opened at $138.16 on Friday. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The business has a fifty day simple moving average of $120.86 and a 200 day simple moving average of $109.29. Howmet Aerospace Inc. has a 12 month low of $62.80 and a 12 month high of $140.55. The firm has a market capitalization of $55.96 billion, a P/E ratio of 48.99, a PEG ratio of 1.51 and a beta of 1.50.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. On average, analysts predict that Howmet Aerospace Inc. will post 3.24 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend is Friday, February 7th. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s payout ratio is presently 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.