OneDigital Investment Advisors LLC Buys 2,322 Shares of Howmet Aerospace Inc. (NYSE:HWM)

OneDigital Investment Advisors LLC lifted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 44.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,582 shares of the company's stock after purchasing an additional 2,322 shares during the period. OneDigital Investment Advisors LLC's holdings in Howmet Aerospace were worth $829,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in HWM. Vista Investment Partners LLC bought a new stake in shares of Howmet Aerospace during the 4th quarter valued at approximately $531,000. Genesis Private Wealth LLC bought a new stake in shares of Howmet Aerospace during the 4th quarter valued at approximately $249,000. Ameritas Advisory Services LLC bought a new stake in shares of Howmet Aerospace during the 4th quarter valued at approximately $289,000. Geneos Wealth Management Inc. grew its holdings in Howmet Aerospace by 303.1% during the 4th quarter. Geneos Wealth Management Inc. now owns 10,960 shares of the company's stock worth $1,199,000 after acquiring an additional 8,241 shares during the last quarter. Finally, Park Avenue Securities LLC grew its holdings in Howmet Aerospace by 150.5% during the 4th quarter. Park Avenue Securities LLC now owns 10,707 shares of the company's stock worth $1,171,000 after acquiring an additional 6,433 shares during the last quarter. Institutional investors own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

HWM has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Truist Financial reduced their target price on shares of Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Benchmark boosted their target price on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, April 21st. The Goldman Sachs Group boosted their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Finally, Morgan Stanley boosted their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $125.06.

Howmet Aerospace Stock Up 7.8 %

HWM stock traded up $10.76 during mid-day trading on Thursday, reaching $149.34. 2,432,863 shares of the company traded hands, compared to its average volume of 2,721,916. The stock has a market cap of $60.40 billion, a price-to-earnings ratio of 52.98, a P/E/G ratio of 1.92 and a beta of 1.25. 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 Inc. has a fifty-two week low of $66.37 and a fifty-two week high of $150.35. The firm's 50 day moving average price is $128.16 and its 200 day moving average price is $120.37.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.09. The business 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%. The company's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 EPS. As a group, equities research analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be paid a $0.10 dividend. The ex-dividend date is Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.27%. Howmet Aerospace's payout ratio is presently 14.18%.

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.