Mystic Asset Management Inc. Makes New $219,000 Investment in Howmet Aerospace Inc. (NYSE:HWM)

Mystic Asset Management Inc. acquired a new position in Howmet Aerospace Inc. (NYSE:HWM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,999 shares of the company’s stock, valued at approximately $219,000.

Several other institutional investors and hedge funds have also bought and sold shares of HWM. R Squared Ltd purchased a new stake in Howmet Aerospace in the fourth quarter worth about $26,000. Washington Trust Advisors Inc. purchased a new stake in Howmet Aerospace in the fourth quarter worth about $29,000. Global Trust Asset Management LLC purchased a new stake in Howmet Aerospace in the fourth quarter worth about $33,000. Hanson & Doremus Investment Management purchased a new stake in Howmet Aerospace in the fourth quarter worth about $34,000. Finally, Assetmark Inc. lifted its holdings in Howmet Aerospace by 40.0% in the third quarter. Assetmark Inc. now owns 441 shares of the company’s stock worth $44,000 after buying an additional 126 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Down 0.7 %

NYSE:HWM opened at $128.32 on Wednesday. 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 Inc. has a 12 month low of $62.80 and a 12 month high of $140.55. The company has a market cap of $51.97 billion, a PE ratio of 45.50, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54. The company has a 50 day simple moving average of $127.06 and a two-hundred day simple moving average of $113.83.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Research analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The firm 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. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. Howmet Aerospace’s payout ratio is presently 14.18%.

Analysts Set New Price Targets

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