Independent Advisor Alliance Purchases 1,589 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Independent Advisor Alliance lifted its position in Howmet Aerospace Inc. (NYSE:HWM) by 6.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,955 shares of the company’s stock after purchasing an additional 1,589 shares during the quarter. Independent Advisor Alliance’s holdings in Howmet Aerospace were worth $2,729,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Stifel Financial Corp increased its stake in 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 acquiring an additional 28,568 shares during the last quarter. Vista Investment Partners LLC bought a new stake in Howmet Aerospace during the fourth quarter worth approximately $531,000. Genesis Private Wealth LLC bought a new stake in Howmet Aerospace during the fourth quarter worth approximately $249,000. Oppenheimer & Co. Inc. increased its stake in Howmet Aerospace by 135.9% during 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 last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in Howmet Aerospace during the fourth quarter worth approximately $289,000. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Stock Up 2.0 %

Shares of NYSE HWM opened at $127.97 on Thursday. 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 firm has a market capitalization of $51.83 billion, a price-to-earnings ratio of 45.38, a PEG ratio of 1.92 and a beta of 1.54. The stock has a 50 day moving average price of $125.88 and a 200 day moving average price of $112.87. Howmet Aerospace Inc. has a 52-week low of $62.80 and a 52-week high of $140.55.

Howmet Aerospace (NYSE:HWM) last posted its earnings results 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. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. Sell-side analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wells Fargo & Company boosted 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. The Goldman Sachs Group boosted their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Morgan Stanley boosted their target price on Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Barclays boosted their target price on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. boosted their target price on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.