Wealthspire Advisors LLC Invests $209,000 in Howmet Aerospace Inc. (NYSE:HWM)

Key Points

• Wealthspire Advisors LLC has made a new investment of $209,000 in Howmet Aerospace Inc., acquiring 1,610 shares during the first quarter.
• Howmet Aerospace recently announced a quarterly dividend increase from $0.10 to $0.12 per share, with a dividend yield of 0.3%.
• Analysts have a consensus rating of "Moderate Buy" for Howmet Aerospace, with an average price target of $172.13, reflecting strong market confidence.

Wealthspire Advisors LLC acquired a new position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,610 shares of the company's stock, valued at approximately $209,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Howmet Aerospace by 100.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 279 shares of the company's stock worth $36,000 after acquiring an additional 140 shares in the last quarter. West Michigan Advisors LLC raised its position in shares of Howmet Aerospace by 34.2% in the 1st quarter. West Michigan Advisors LLC now owns 3,760 shares of the company's stock worth $488,000 after acquiring an additional 959 shares in the last quarter. Maxi Investments CY Ltd bought a new position in shares of Howmet Aerospace in the 1st quarter worth approximately $4,190,000. Atria Wealth Solutions Inc. raised its position in shares of Howmet Aerospace by 227.4% in the 1st quarter. Atria Wealth Solutions Inc. now owns 7,559 shares of the company's stock worth $981,000 after acquiring an additional 5,250 shares in the last quarter. Finally, Westfield Capital Management Co. LP bought a new position in shares of Howmet Aerospace in the 1st quarter worth approximately $147,251,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analyst Ratings Changes

HWM has been the topic of several recent research reports. Benchmark upped their price target on Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. UBS Group upped their price target on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Morgan Stanley upped their price target on Howmet Aerospace from $170.00 to $210.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. JPMorgan Chase & Co. upped their price target on Howmet Aerospace from $150.00 to $190.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of Howmet Aerospace in a research note on Monday, June 30th. Four analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $172.13.

Howmet Aerospace Stock Up 0.2%

HWM traded up $0.37 during trading on Thursday, hitting $177.17. 829,844 shares of the company's stock traded hands, compared to its average volume of 3,039,769. The company's 50 day simple moving average is $179.89 and its two-hundred day simple moving average is $152.16. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. Howmet Aerospace Inc. has a 12-month low of $90.71 and a 12-month high of $193.26. The stock has a market capitalization of $71.42 billion, a price-to-earnings ratio of 51.76, a PEG ratio of 2.31 and a beta of 1.48.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.99 billion. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%. The company's revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the business posted $0.67 EPS. Analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Friday, August 8th will be paid a $0.12 dividend. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.10. The ex-dividend date is Friday, August 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. 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.