SYM FINANCIAL Corp Increases Position in Howmet Aerospace Inc. (NYSE:HWM)

SYM FINANCIAL Corp grew its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 7.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,346 shares of the company’s stock after purchasing an additional 160 shares during the period. SYM FINANCIAL Corp’s holdings in Howmet Aerospace were worth $257,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in HWM. Brooklyn Investment Group boosted its holdings in Howmet Aerospace by 6.1% in the fourth quarter. Brooklyn Investment Group now owns 1,678 shares of the company’s stock worth $183,000 after acquiring an additional 97 shares in the last quarter. Caprock Group LLC increased its stake in Howmet Aerospace by 1.0% during the 3rd quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock valued at $1,121,000 after purchasing an additional 106 shares in the last quarter. Perigon Wealth Management LLC increased its stake in Howmet Aerospace by 4.1% during the 4th quarter. Perigon Wealth Management LLC now owns 2,904 shares of the company’s stock valued at $318,000 after purchasing an additional 115 shares in the last quarter. Versant Capital Management Inc raised its holdings in Howmet Aerospace by 18.7% in the fourth quarter. Versant Capital Management Inc now owns 744 shares of the company’s stock worth $81,000 after buying an additional 117 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of Howmet Aerospace by 6.8% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company’s stock worth $195,000 after buying an additional 124 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Stock Down 0.7 %

HWM stock opened at $126.45 on Monday. The business’s 50-day moving average price is $116.98 and its 200-day moving average price is $104.94. The stock has a market cap of $51.37 billion, a P/E ratio of 48.26, a PEG ratio of 1.42 and a beta of 1.49. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. Howmet Aerospace Inc. has a twelve month low of $55.89 and a twelve month high of $129.10.

Howmet Aerospace Increases Dividend

The company 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 dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.40 annualized dividend and a yield of 0.32%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s payout ratio is currently 12.21%.

Analysts Set New Price Targets

HWM has been the subject of a number of recent analyst reports. Barclays boosted their price objective on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Sanford C. Bernstein upped their price target on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, October 21st. 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 research report on Wednesday, December 11th. Robert W. Baird upped their target price on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Bank of America lifted their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.71.

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.