Intrust Bank NA Invests $320,000 in Howmet Aerospace Inc. (NYSE:HWM)

Intrust Bank NA bought a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,923 shares of the company’s stock, valued at approximately $320,000.

Other hedge funds also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp purchased a new position in shares of Howmet Aerospace during the 4th quarter valued at about $25,000. R Squared Ltd purchased a new position in Howmet Aerospace during the fourth quarter valued at approximately $26,000. Washington Trust Advisors Inc. purchased a new position in Howmet Aerospace during the fourth quarter valued at approximately $29,000. Global Trust Asset Management LLC acquired a new position in Howmet Aerospace in the fourth quarter valued at approximately $33,000. Finally, Hanson & Doremus Investment Management purchased a new position in shares of Howmet Aerospace during the 4th quarter valued at approximately $34,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Down 2.1 %

HWM opened at $129.61 on Monday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The company’s 50 day simple moving average is $129.41 and its two-hundred day simple moving average is $116.04. The firm has a market capitalization of $52.50 billion, a price-to-earnings ratio of 45.96, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54. Howmet Aerospace Inc. has a 1-year low of $62.80 and a 1-year high of $140.55.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. Analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were issued a $0.10 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio is currently 14.18%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Barclays increased their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Morgan Stanley lifted their price target on Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Wells Fargo & Company increased 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 reissued a “buy” rating and issued a $140.00 price objective (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Finally, The Goldman Sachs Group increased their target price on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $123.28.

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.