Lido Advisors LLC Invests $220,000 in Howmet Aerospace Inc. (NYSE:HWM)

Lido Advisors LLC acquired a new position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,014 shares of the company's stock, valued at approximately $220,000.

Other hedge funds have also made changes to their positions in the company. Franklin Resources Inc. raised its holdings in Howmet Aerospace by 58.0% during the third quarter. Franklin Resources Inc. now owns 570,476 shares of the company's stock worth $58,559,000 after purchasing an additional 209,492 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in Howmet Aerospace during the 3rd quarter worth $250,000. Principal Financial Group Inc. lifted its position in Howmet Aerospace by 7.9% in the third quarter. Principal Financial Group Inc. now owns 484,345 shares of the company's stock valued at $48,556,000 after acquiring an additional 35,601 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Howmet Aerospace by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company's stock valued at $1,775,578,000 after acquiring an additional 1,336,592 shares in the last quarter. Finally, ORG Partners LLC acquired a new position in Howmet Aerospace in the fourth quarter valued at $44,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Howmet Aerospace Price Performance

Howmet Aerospace stock traded down $0.10 during mid-day trading on Friday, reaching $157.40. The company had a trading volume of 2,232,450 shares, compared to its average volume of 2,671,888. The stock's 50-day simple moving average is $131.46 and its 200-day simple moving average is $122.80. The company has a market capitalization of $63.54 billion, a P/E ratio of 55.82, a P/E/G ratio of 1.92 and a beta of 1.37. 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 Inc. has a 1 year low of $76.83 and a 1 year high of $159.04.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.09. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. Howmet Aerospace's quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the business posted $0.53 EPS. On average, equities analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 annualized dividend and a yield of 0.25%. Howmet Aerospace's dividend payout ratio (DPR) is currently 13.03%.

Wall Street Analysts Forecast Growth

HWM has been the subject of several research reports. Truist Financial reduced their target price on Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Barclays raised their target price on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. raised their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. UBS Group upped their target price on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Finally, BTIG Research reissued a "buy" rating on shares of Howmet Aerospace in a report on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $132.53.

Insider Buying and Selling at Howmet Aerospace

In related news, VP Barbara Lou Shultz sold 1,250 shares of Howmet Aerospace stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $155.17, for a total transaction of $193,962.50. Following the completion of the transaction, the vice president now directly owns 23,044 shares in the company, valued at $3,575,737.48. The trade was a 5.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.04% of the company's stock.

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.