West Michigan Advisors LLC Takes Position in Howmet Aerospace Inc. (NYSE:HWM)

West Michigan Advisors LLC purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,801 shares of the company’s stock, valued at approximately $306,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Fisher Asset Management LLC purchased a new stake in Howmet Aerospace during the fourth quarter worth $243,000. SVB Wealth LLC acquired a new position in shares of Howmet Aerospace during the 4th quarter worth $290,000. Private Trust Co. NA boosted its position in shares of Howmet Aerospace by 28.0% in the 4th quarter. Private Trust Co. NA now owns 407 shares of the company’s stock worth $45,000 after buying an additional 89 shares in the last quarter. QRG Capital Management Inc. increased its holdings in Howmet Aerospace by 12.4% during the 4th quarter. QRG Capital Management Inc. now owns 6,952 shares of the company’s stock valued at $760,000 after acquiring an additional 766 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in Howmet Aerospace during the 4th quarter valued at about $223,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

HWM stock opened at $136.73 on Friday. The stock’s 50 day simple moving average is $123.36 and its 200 day simple moving average is $111.15. Howmet Aerospace Inc. has a 12-month low of $62.80 and a 12-month high of $140.55. The firm has a market cap of $55.38 billion, a P/E ratio of 48.49, a P/E/G ratio of 1.92 and a beta of 1.50. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The company 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 research analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were 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 was Friday, February 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.29%. Howmet Aerospace’s payout ratio is 14.18%.

Wall Street Analyst Weigh In

Several research firms have recently commented on HWM. Barclays increased 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. Robert W. Baird raised their price target on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Bank of America upped their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. UBS Group increased their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group boosted their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.