Schwartz Investment Counsel Inc. Invests $1.26 Million in Howmet Aerospace Inc. (NYSE:HWM)

Schwartz Investment Counsel Inc. acquired a new stake in Howmet Aerospace Inc. (NYSE:HWM) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 11,500 shares of the company’s stock, valued at approximately $1,258,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Portfolio Design Labs LLC bought a new position in Howmet Aerospace in the 4th quarter worth approximately $269,000. Soltis Investment Advisors LLC purchased a new position in Howmet Aerospace during the 4th quarter valued at about $2,428,000. Savant Capital LLC increased its position in shares of Howmet Aerospace by 0.8% during the fourth quarter. Savant Capital LLC now owns 27,583 shares of the company’s stock valued at $3,017,000 after buying an additional 219 shares during the period. Kestra Private Wealth Services LLC boosted its position in shares of Howmet Aerospace by 10.9% in the fourth quarter. Kestra Private Wealth Services LLC now owns 9,812 shares of the company’s stock valued at $1,073,000 after acquiring an additional 963 shares during the period. Finally, Essex LLC purchased a new position in Howmet Aerospace during the fourth quarter valued at approximately $207,000. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Trading Up 0.9 %

Shares of HWM opened at $129.38 on Wednesday. The stock has a market capitalization of $52.56 billion, a P/E ratio of 49.38, a PEG ratio of 1.45 and a beta of 1.50. The firm has a fifty day simple moving average of $118.22 and a two-hundred day simple moving average of $107.12. 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 Inc. has a twelve month low of $58.34 and a twelve month high of $129.69.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, February 7th. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. Howmet Aerospace’s payout ratio is 12.21%.

Wall Street Analysts Forecast Growth

HWM has been the subject of several analyst reports. KeyCorp downgraded shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Truist Financial increased their price objective on Howmet Aerospace from $128.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Wells Fargo & Company boosted their target price on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Robert W. Baird raised their price target on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Sanford C. Bernstein boosted their price objective on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Howmet Aerospace 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.