Atria Wealth Solutions Inc. Raises Stake in Howmet Aerospace Inc. (NYSE:HWM)

Key Points

• Atria Wealth Solutions Inc. increased its stake in Howmet Aerospace Inc. by 227.4%, bringing its total holdings to 7,559 shares valued at $981,000.
• Howmet Aerospace recently increased its dividend to $0.12 per share, up from $0.10, with a yield of 0.3%.
• The company's stock has been rated with an average of "Moderate Buy" from analysts, reflecting strong recent performance with earnings exceeding expectations.

Atria Wealth Solutions Inc. lifted its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 227.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,559 shares of the company's stock after acquiring an additional 5,250 shares during the period. Atria Wealth Solutions Inc.'s holdings in Howmet Aerospace were worth $981,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. CVA Family Office LLC increased its stake in Howmet Aerospace by 15.7% in the 1st quarter. CVA Family Office LLC now owns 605 shares of the company's stock worth $78,000 after acquiring an additional 82 shares during the last quarter. Mount Lucas Management LP increased its stake in Howmet Aerospace by 3.2% in the 1st quarter. Mount Lucas Management LP now owns 2,661 shares of the company's stock worth $345,000 after acquiring an additional 82 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Howmet Aerospace by 4.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,971 shares of the company's stock worth $256,000 after acquiring an additional 92 shares during the last quarter. Nilsine Partners LLC increased its stake in Howmet Aerospace by 3.9% in the 1st quarter. Nilsine Partners LLC now owns 2,461 shares of the company's stock worth $319,000 after acquiring an additional 93 shares during the last quarter. Finally, Argentarii LLC increased its stake in Howmet Aerospace by 1.1% in the 1st quarter. Argentarii LLC now owns 9,054 shares of the company's stock worth $1,175,000 after acquiring an additional 98 shares during the last quarter. Institutional investors own 90.46% of the company's stock.

Analyst Ratings Changes

HWM has been the topic of a number of research analyst reports. BTIG Research set a $205.00 target price on Howmet Aerospace and gave the stock a "buy" rating in a research note on Monday, August 4th. Vertical Research reaffirmed a "buy" rating on shares of Howmet Aerospace in a research note on Thursday, July 31st. UBS Group raised their price objective on Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Barclays reaffirmed an "overweight" rating and set a $190.00 price objective (up from $140.00) on shares of Howmet Aerospace in a research note on Monday, August 4th. Finally, Bank of America raised their price objective on Howmet Aerospace from $185.00 to $215.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $172.13.

Howmet Aerospace Trading Down 2.3%

Shares of NYSE:HWM traded down $4.18 during midday trading on Wednesday, hitting $176.72. 3,174,023 shares of the stock traded hands, compared to its average volume of 2,811,876. The stock has a market capitalization of $71.24 billion, a PE ratio of 51.67, a P/E/G ratio of 2.31 and a beta of 1.48. The business's 50 day moving average is $179.89 and its two-hundred day moving average is $152.16. The company has a quick ratio of 1.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.65. Howmet Aerospace Inc. has a one year low of $90.71 and a one year high of $193.26.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.99 billion. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The company's quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.67 earnings per share. As a group, research analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Friday, August 8th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, August 8th. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.10. Howmet Aerospace's dividend payout ratio (DPR) is 14.04%.

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.