First Horizon Advisors Inc. Has $388,000 Holdings in Howmet Aerospace Inc. (NYSE:HWM)

First Horizon Advisors Inc. boosted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 8.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,551 shares of the company’s stock after acquiring an additional 285 shares during the quarter. First Horizon Advisors Inc.’s holdings in Howmet Aerospace were worth $388,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HWM. RiverPark Advisors LLC acquired a new stake in Howmet Aerospace during the 3rd quarter worth about $26,000. R Squared Ltd acquired a new stake in shares of Howmet Aerospace during the 4th quarter valued at about $26,000. Hollencrest Capital Management acquired a new stake in shares of Howmet Aerospace during the 3rd quarter valued at about $30,000. Global Trust Asset Management LLC acquired a new stake in shares of Howmet Aerospace during the 4th quarter valued at about $33,000. Finally, Hanson & Doremus Investment Management acquired a new stake in shares of Howmet Aerospace during the 4th quarter valued at about $34,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada lifted their price target on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Susquehanna lifted their price target on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a report on Thursday, November 7th. UBS Group boosted their target price on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. The Goldman Sachs Group boosted their target price on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, Robert W. Baird boosted their target price on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, Howmet Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $123.28.

Howmet Aerospace Stock Performance

Shares of NYSE HWM opened at $129.48 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The business’s 50 day moving average is $121.51 and its two-hundred day moving average is $110.15. The company has a market cap of $52.44 billion, a P/E ratio of 45.92, a P/E/G ratio of 1.92 and a beta of 1.50. Howmet Aerospace Inc. has a 12 month low of $62.80 and a 12 month high of $140.55.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.71 by $0.03. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. On average, equities analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, February 7th. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. Howmet Aerospace’s payout ratio is currently 14.18%.

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.