Globeflex Capital L P Has $532,000 Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Globeflex Capital L P lifted its position in Howmet Aerospace Inc. (NYSE:HWM) by 220.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,867 shares of the company’s stock after buying an additional 3,347 shares during the quarter. Globeflex Capital L P’s holdings in Howmet Aerospace were worth $532,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of HWM. Private Trust Co. NA increased its stake in Howmet Aerospace by 28.0% in the fourth quarter. Private Trust Co. NA now owns 407 shares of the company’s stock valued at $45,000 after purchasing an additional 89 shares in the last quarter. O Neil Global Advisors Inc. lifted its holdings in shares of Howmet Aerospace by 0.5% during the 4th quarter. O Neil Global Advisors Inc. now owns 19,527 shares of the company’s stock valued at $2,136,000 after purchasing an additional 90 shares in the last quarter. Brooklyn Investment Group increased its stake in 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 in the last quarter. Frank Rimerman Advisors LLC raised its holdings in shares of Howmet Aerospace by 0.7% during the fourth quarter. Frank Rimerman Advisors LLC now owns 15,035 shares of the company’s stock worth $1,644,000 after acquiring an additional 100 shares during the period. Finally, Guyasuta Investment Advisors Inc. increased its holdings in 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 in the last quarter. 90.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on HWM shares. Barclays increased their target price 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 upped their target price on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. The Goldman Sachs Group increased their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Truist Financial reiterated a “buy” rating and issued a $140.00 price target (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Finally, Wells Fargo & Company lifted their price target on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $123.28.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $126.56 on Friday. Howmet Aerospace Inc. has a 1-year low of $62.80 and a 1-year high of $140.55. The firm has a market capitalization of $51.26 billion, a P/E ratio of 44.88, a P/E/G ratio of 1.92 and a beta of 1.54. The firm’s 50-day moving average price is $126.39 and its 200-day moving average price is $113.15. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Equities research analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given a dividend of $0.10 per share. The ex-dividend date was Friday, February 7th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. Howmet Aerospace’s dividend payout ratio (DPR) is currently 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.