NewEdge Wealth LLC Has $5.64 Million Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

NewEdge Wealth LLC increased its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 8.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,599 shares of the company’s stock after acquiring an additional 3,861 shares during the quarter. NewEdge Wealth LLC’s holdings in Howmet Aerospace were worth $5,643,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. RiverPark Advisors LLC acquired a new position in shares of Howmet Aerospace during the third quarter valued at $26,000. R Squared Ltd acquired a new position in shares of Howmet Aerospace during the fourth quarter valued at $26,000. Hollencrest Capital Management acquired a new position in shares of Howmet Aerospace during the third quarter valued at $30,000. Global Trust Asset Management LLC acquired a new position in shares of Howmet Aerospace during the fourth quarter valued at $33,000. Finally, Hanson & Doremus Investment Management acquired a new position in shares of Howmet Aerospace during the fourth quarter valued at $34,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Stock Up 1.2 %

NYSE:HWM opened at $133.62 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The company has a market cap of $54.12 billion, a PE ratio of 47.38, a PEG ratio of 1.92 and a beta of 1.50. Howmet Aerospace Inc. has a 52-week low of $62.80 and a 52-week high of $140.55. The stock has a 50-day simple moving average of $122.85 and a 200 day simple moving average of $110.73.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. The business had revenue of $1.89 billion during 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, sell-side analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, February 7th. This is an increase 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 0.30%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 14.18%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on HWM shares. Morgan Stanley upped their price target on Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Truist Financial reissued a “buy” rating and issued a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. JPMorgan Chase & Co. increased their target price on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Barclays increased their target price on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Finally, UBS Group increased their target price on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and an average price target of $123.28.

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.