Legacy Capital Group California Inc. Buys New Position in Howmet Aerospace Inc. (NYSE:HWM)

Legacy Capital Group California Inc. bought a new stake in Howmet Aerospace Inc. (NYSE:HWM) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 8,481 shares of the company’s stock, valued at approximately $928,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group increased its position in shares of Howmet Aerospace by 6.1% during the 4th quarter. Brooklyn Investment Group now owns 1,678 shares of the company’s stock worth $183,000 after purchasing an additional 97 shares during the last quarter. Guyasuta Investment Advisors Inc. increased its position in shares of Howmet Aerospace by 1.4% during the 4th quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company’s stock worth $838,000 after purchasing an additional 104 shares during the last quarter. Caprock Group LLC increased its position in shares of Howmet Aerospace by 1.0% during the 3rd quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock worth $1,121,000 after purchasing an additional 106 shares during the last quarter. Perigon Wealth Management LLC increased its position in shares of Howmet Aerospace by 4.1% during the 4th quarter. Perigon Wealth Management LLC now owns 2,904 shares of the company’s stock worth $318,000 after purchasing an additional 115 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in shares of Howmet Aerospace by 18.7% during the 4th quarter. Versant Capital Management Inc now owns 744 shares of the company’s stock worth $81,000 after purchasing an additional 117 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Robert W. Baird boosted 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. Wells Fargo & Company boosted their price target on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Truist Financial reaffirmed a “buy” rating and set a $140.00 price target (up previously from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Bank of America lifted their target price on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Royal Bank of Canada lifted their target price on Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $123.28.

Howmet Aerospace Trading Down 0.9 %

HWM opened at $138.16 on Friday. The stock has a market capitalization of $55.96 billion, a price-to-earnings ratio of 48.99, a P/E/G ratio of 1.51 and a beta of 1.50. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. Howmet Aerospace Inc. has a twelve month low of $62.80 and a twelve month high of $140.55. The company has a 50-day simple moving average of $120.86 and a 200 day simple moving average of $109.29.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. Analysts predict that Howmet Aerospace Inc. will post 3.24 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.29%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, February 7th. Howmet Aerospace’s dividend payout ratio (DPR) is 14.18%.

Howmet Aerospace 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.