Madison Investment Advisors LLC Takes $273,000 Position in Howmet Aerospace Inc. (NYSE:HWM)

Madison Investment Advisors LLC purchased a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,500 shares of the company’s stock, valued at approximately $273,000.

Other large investors have also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in Howmet Aerospace during the fourth quarter worth about $26,000. RiverPark Advisors LLC acquired a new position in shares of Howmet Aerospace in the 3rd quarter worth approximately $26,000. Washington Trust Advisors Inc. purchased a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $29,000. Global Trust Asset Management LLC acquired a new stake in Howmet Aerospace in the 4th quarter valued at approximately $33,000. Finally, Hanson & Doremus Investment Management purchased a new stake in Howmet Aerospace in the fourth quarter valued at approximately $34,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Up 3.1 %

Shares of NYSE HWM opened at $126.56 on Friday. The business has a 50-day moving average of $126.39 and a two-hundred day moving average of $113.15. The company has a market capitalization of $51.26 billion, a price-to-earnings ratio of 44.88, 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. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. On average, analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, February 7th. Howmet Aerospace’s dividend payout ratio (DPR) is 14.18%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. The Goldman Sachs Group raised their price target on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Morgan Stanley raised their target price on Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Wells Fargo & Company boosted their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. raised their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Finally, Barclays lifted their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $123.28.

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.