2,029 Shares in Howmet Aerospace Inc. (NYSE:HWM) Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new position in Howmet Aerospace Inc. (NYSE:HWM) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,029 shares of the company’s stock, valued at approximately $222,000.

A number of other institutional investors also recently bought and sold shares of the business. R Squared Ltd acquired a new stake in shares of Howmet Aerospace in the fourth quarter worth $26,000. Washington Trust Advisors Inc. acquired a new stake in Howmet Aerospace during the 4th quarter worth about $29,000. Global Trust Asset Management LLC purchased a new position in shares of Howmet Aerospace during the 4th quarter valued at about $33,000. Hanson & Doremus Investment Management acquired a new position in shares of Howmet Aerospace in the 4th quarter valued at about $34,000. Finally, ORG Partners LLC purchased a new stake in shares of Howmet Aerospace in the fourth quarter worth about $44,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on HWM. Wells Fargo & Company lifted their price target on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Truist Financial reiterated a “buy” rating and issued a $140.00 target price (up from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Barclays raised their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Morgan Stanley upped their price objective 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. Finally, The Goldman Sachs Group raised their target price on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Howmet Aerospace has an average rating of “Moderate Buy” and a consensus price target of $123.28.

Howmet Aerospace Trading Down 2.1 %

Shares of HWM opened at $129.61 on Friday. Howmet Aerospace Inc. has a 52-week low of $62.80 and a 52-week high of $140.55. The stock has a market cap of $52.50 billion, a PE ratio of 45.96, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54. The firm’s fifty day moving average is $129.41 and its two-hundred day moving average is $115.73. 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 (NYSE:HWM) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. Research analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given a $0.10 dividend. The ex-dividend date was Friday, February 7th. This is a positive change 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 dividend payout ratio is 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.