Geneva Partners LLC Has $2.70 Million Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Geneva Partners LLC trimmed its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 17.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,687 shares of the company’s stock after selling 5,398 shares during the quarter. Howmet Aerospace accounts for 1.1% of Geneva Partners LLC’s portfolio, making the stock its 27th largest holding. Geneva Partners LLC’s holdings in Howmet Aerospace were worth $2,700,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. RiverPark Advisors LLC acquired a new position in shares of Howmet Aerospace in the 3rd quarter valued at $26,000. R Squared Ltd bought a new stake in Howmet Aerospace in the fourth quarter valued at about $26,000. Hollencrest Capital Management acquired a new position in Howmet Aerospace in the third quarter worth about $30,000. Global Trust Asset Management LLC bought a new position in Howmet Aerospace during the fourth quarter worth about $33,000. Finally, Hanson & Doremus Investment Management acquired a new stake in Howmet Aerospace during the fourth quarter valued at approximately $34,000. Institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. UBS Group boosted their price target on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Barclays boosted their target price on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Truist Financial boosted their price target on shares of Howmet Aerospace from $128.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Wells Fargo & Company raised their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Finally, Royal Bank of Canada lifted their target price on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $115.71.

Howmet Aerospace Trading Up 1.9 %

HWM opened at $127.89 on Thursday. The stock has a market capitalization of $51.96 billion, a P/E ratio of 48.81, a P/E/G ratio of 1.43 and a beta of 1.50. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. Howmet Aerospace Inc. has a 12 month low of $57.66 and a 12 month high of $129.10. The firm’s fifty day simple moving average is $117.59 and its 200 day simple moving average is $105.95.

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 issued a dividend of $0.10 per share. The ex-dividend date is Friday, February 7th. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 12.21%.

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.