Concentric Capital Strategies LP Buys New Position in Howmet Aerospace Inc. (NYSE:HWM)

Concentric Capital Strategies LP purchased a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 57,466 shares of the company's stock, valued at approximately $6,285,000.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on HWM shares. 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. UBS Group upped their price target on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Barclays raised their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Wells Fargo & Company lifted their price target on shares of Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Finally, BTIG Research restated a "buy" rating on shares of Howmet Aerospace in a research note on Monday. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $132.53.

Howmet Aerospace Trading Up 1.1 %

NYSE HWM opened at $155.99 on Wednesday. The company has a market capitalization of $63.09 billion, a price-to-earnings ratio of 55.31, a PEG ratio of 1.92 and a beta of 1.37. Howmet Aerospace Inc. has a twelve month low of $76.83 and a twelve month high of $158.86. The stock's 50-day simple moving average is $129.91 and its two-hundred day simple moving average is $121.82. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.77 by $0.09. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the business earned $0.53 EPS. The company's revenue for the quarter was up 5.5% on a year-over-year basis. Research analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.26%. The ex-dividend date is Friday, May 9th. Howmet Aerospace's payout ratio is currently 13.03%.

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.

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