Burling Wealth Partners LLC Acquires New Stake in Howmet Aerospace Inc. (NYSE:HWM)

Burling Wealth Partners LLC purchased a new position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,386 shares of the company's stock, valued at approximately $261,000.

Other large investors have also modified their holdings of the company. Murphy & Mullick Capital Management Corp acquired a new stake in Howmet Aerospace during the 4th quarter valued at approximately $25,000. Meeder Asset Management Inc. lifted its position in Howmet Aerospace by 208.1% during the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock valued at $25,000 after purchasing an additional 154 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in Howmet Aerospace in the fourth quarter valued at $25,000. R Squared Ltd acquired a new stake in Howmet Aerospace during the 4th quarter worth about $26,000. Finally, Washington Trust Advisors Inc. acquired a new stake in Howmet Aerospace during the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Howmet Aerospace Trading Up 0.0 %

Shares of HWM stock traded up $0.06 during trading on Wednesday, hitting $137.56. 779,452 shares of the stock traded hands, compared to its average volume of 2,722,494. Howmet Aerospace Inc. has a 52-week low of $66.37 and a 52-week high of $140.55. The firm has a market capitalization of $55.64 billion, a P/E ratio of 48.78, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The firm's fifty day moving average price is $127.99 and its 200-day moving average price is $120.24. 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 - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. As a group, research analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.29%. Howmet Aerospace's dividend payout ratio is currently 14.18%.

Analyst Upgrades and Downgrades

Several analysts recently commented on HWM shares. Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $118.00 target price (down from $132.00) on shares of Howmet Aerospace in a report on Tuesday, April 15th. JPMorgan Chase & Co. increased their target price on Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Truist Financial reduced their price objective on shares of Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Finally, The Goldman Sachs Group lifted their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Howmet Aerospace presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.06.

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.