Mather Group LLC. Buys 329 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Mather Group LLC. lifted its stake in Howmet Aerospace Inc. (NYSE:HWM) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,423 shares of the company’s stock after acquiring an additional 329 shares during the period. Mather Group LLC.’s holdings in Howmet Aerospace were worth $812,000 at the end of the most recent quarter.

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

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $125.54 on Wednesday. The stock has a market cap of $51.00 billion, a PE ratio of 47.92, a price-to-earnings-growth ratio of 1.43 and a beta of 1.50. Howmet Aerospace Inc. has a 52-week low of $57.12 and a 52-week high of $129.10. The business has a 50-day simple moving average of $117.20 and a 200-day simple moving average of $105.46. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend is Friday, February 7th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio is currently 12.21%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HWM. Robert W. Baird upped 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. Royal Bank of Canada upped their target price on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Sanford C. Bernstein raised their price target on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Truist Financial boosted their price target on Howmet Aerospace from $128.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Finally, UBS Group lifted their target price on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.71.

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.