Millstone Evans Group LLC Purchases New Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Millstone Evans Group LLC purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 800 shares of the company’s stock, valued at approximately $87,000.

Other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in Howmet Aerospace in the 4th quarter valued at about $26,000. Washington Trust Advisors Inc. acquired a new position in Howmet Aerospace in the 4th quarter valued at about $29,000. Global Trust Asset Management LLC acquired a new position in Howmet Aerospace in the 4th quarter valued at about $33,000. Hanson & Doremus Investment Management acquired a new position in Howmet Aerospace in the 4th quarter valued at about $34,000. Finally, ORG Partners LLC acquired a new position in Howmet Aerospace in the 4th quarter valued at about $44,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Barclays boosted their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. boosted their target price on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. The Goldman Sachs Group boosted their target price on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Truist Financial reiterated a “buy” rating and set a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Finally, 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $123.28.

Howmet Aerospace Trading Down 0.7 %

Shares of Howmet Aerospace stock opened at $130.70 on Friday. Howmet Aerospace Inc. has a fifty-two week low of $62.80 and a fifty-two week high of $140.55. The firm has a market cap of $52.94 billion, a PE ratio of 46.35, a P/E/G ratio of 1.92 and a beta of 1.54. The business’s fifty day moving average is $128.09 and its two-hundred day moving average is $114.46. 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 (NYSE:HWM) last issued its quarterly 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. 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 for the quarter, compared to analyst estimates of $1.88 billion. Analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. 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. Howmet Aerospace’s dividend payout ratio is presently 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.