Forefront Wealth Management Inc. Acquires Shares of 21,139 Howmet Aerospace Inc. (NYSE:HWM)

Forefront Wealth Management Inc. bought a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 21,139 shares of the company’s stock, valued at approximately $2,312,000. Howmet Aerospace accounts for approximately 2.1% of Forefront Wealth Management Inc.’s portfolio, making the stock its 19th biggest holding.

Other institutional investors have also recently modified their holdings of the company. R Squared Ltd bought a new stake in shares of Howmet Aerospace during the 4th quarter valued at $26,000. Washington Trust Advisors Inc. bought a new stake in shares of Howmet Aerospace during the 4th quarter worth $29,000. Global Trust Asset Management LLC bought a new stake in shares of Howmet Aerospace during the 4th quarter worth $33,000. Hanson & Doremus Investment Management bought a new stake in shares of Howmet Aerospace during the 4th quarter worth $34,000. Finally, ORG Partners LLC bought a new stake in shares of Howmet Aerospace during the 4th quarter worth $44,000. 90.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on HWM. The Goldman Sachs Group upped their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. upped their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Truist Financial restated a “buy” rating and set a $140.00 price objective (up from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Wells Fargo & Company increased their target price on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, Morgan Stanley increased 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $123.28.

Howmet Aerospace Trading Down 0.7 %

Shares of HWM stock opened at $130.70 on Friday. The stock has a market cap of $52.94 billion, a price-to-earnings ratio of 46.35, a PEG ratio of 1.92 and a beta of 1.54. The stock has a 50-day moving average of $128.09 and a 200-day moving average of $114.31. 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 1-year low of $62.80 and a 1-year high of $140.55.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.88 billion. On average, equities 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 announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, February 7th. This represents a $0.40 annualized dividend and a yield of 0.31%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio (DPR) is currently 14.18%.

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.