Yousif Capital Management LLC Raises Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Yousif Capital Management LLC raised its position in Howmet Aerospace Inc. (NYSE:HWM) by 7.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 53,826 shares of the company’s stock after purchasing an additional 3,672 shares during the period. Yousif Capital Management LLC’s holdings in Howmet Aerospace were worth $5,887,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Avitas Wealth Management LLC lifted its stake in shares of Howmet Aerospace by 0.5% in the fourth quarter. Avitas Wealth Management LLC now owns 24,692 shares of the company’s stock worth $2,701,000 after buying an additional 123 shares in the last quarter. Mather Group LLC. raised its holdings in Howmet Aerospace by 4.6% in the 4th quarter. Mather Group LLC. now owns 7,423 shares of the company’s stock valued at $812,000 after acquiring an additional 329 shares during the last quarter. Childress Capital Advisors LLC purchased a new position in Howmet Aerospace in the 4th quarter worth approximately $213,000. Optas LLC acquired a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $215,000. Finally, Financial Life Planners acquired a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $86,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on HWM shares. Robert W. Baird lifted their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Sanford C. Bernstein lifted their price target on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. 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. Royal Bank of Canada raised their price objective on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Susquehanna boosted their target price on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.71.

Howmet Aerospace Price Performance

HWM stock opened at $128.86 on Friday. The business’s fifty day moving average price is $117.59 and its 200 day moving average price is $105.95. Howmet Aerospace Inc. has a 12-month low of $58.34 and a 12-month high of $129.10. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $52.35 billion, a PE ratio of 49.18, a P/E/G ratio of 1.43 and a beta of 1.50.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be paid a $0.10 dividend. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, February 7th. This represents a $0.40 annualized dividend 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.