784 Shares in Howmet Aerospace Inc. (NYSE:HWM) Purchased by Financial Life Planners

Financial Life Planners bought a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 784 shares of the company’s stock, valued at approximately $86,000.

Several other large investors have also modified their holdings of HWM. RiverPark Advisors LLC bought a new position in Howmet Aerospace in the third quarter worth approximately $26,000. R Squared Ltd purchased a new position in shares of Howmet Aerospace in the 4th quarter valued at $26,000. Hollencrest Capital Management bought a new position in shares of Howmet Aerospace in the 3rd quarter worth $30,000. Global Trust Asset Management LLC purchased a new stake in shares of Howmet Aerospace during the 4th quarter worth $33,000. Finally, Hanson & Doremus Investment Management bought a new stake in Howmet Aerospace during the fourth quarter valued at about $34,000. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

Shares of NYSE HWM opened at $126.45 on Monday. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. Howmet Aerospace Inc. has a 12 month low of $55.89 and a 12 month high of $129.10. The company has a 50 day simple moving average of $116.98 and a two-hundred day simple moving average of $105.13. The stock has a market cap of $51.37 billion, a price-to-earnings ratio of 48.26, a PEG ratio of 1.43 and a beta of 1.50.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.32%. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, February 7th. Howmet Aerospace’s dividend payout ratio is presently 12.21%.

Analyst Ratings Changes

A number of equities analysts have commented on HWM shares. UBS Group boosted their target price on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Royal Bank of Canada boosted their price objective on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Barclays increased their target price on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Susquehanna lifted their price target on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company increased their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $115.71.

About Howmet Aerospace

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.