Edmond DE Rothschild Holding S.A. Takes $91,000 Position in Howmet Aerospace Inc. (NYSE:HWM)

Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 830 shares of the company’s stock, valued at approximately $91,000.

Several other institutional investors also recently bought and sold shares of HWM. Private Trust Co. NA lifted its position in shares of Howmet Aerospace by 28.0% during the fourth quarter. Private Trust Co. NA now owns 407 shares of the company’s stock valued at $45,000 after buying an additional 89 shares during the last quarter. O Neil Global Advisors Inc. lifted its position in Howmet Aerospace by 0.5% during the fourth quarter. O Neil Global Advisors Inc. now owns 19,527 shares of the company’s stock valued at $2,136,000 after acquiring an additional 90 shares during the last quarter. Brooklyn Investment Group boosted its stake in Howmet Aerospace by 6.1% in the fourth quarter. Brooklyn Investment Group now owns 1,678 shares of the company’s stock valued at $183,000 after acquiring an additional 97 shares in the last quarter. Frank Rimerman Advisors LLC grew its holdings in Howmet Aerospace by 0.7% in the fourth quarter. Frank Rimerman Advisors LLC now owns 15,035 shares of the company’s stock worth $1,644,000 after purchasing an additional 100 shares during the last quarter. Finally, Guyasuta Investment Advisors Inc. increased its position in shares of Howmet Aerospace by 1.4% during the fourth quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company’s stock worth $838,000 after purchasing an additional 104 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HWM has been the topic of several research analyst reports. 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 research note on Tuesday, February 18th. Truist Financial restated a “buy” rating and set a $140.00 price target (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Wells Fargo & Company increased their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Barclays lifted their target price on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Finally, Morgan Stanley upped their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. 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 company’s stock. According to data from MarketBeat.com, Howmet Aerospace has a consensus rating of “Moderate Buy” and a consensus target price of $123.28.

Howmet Aerospace Stock Up 1.6 %

HWM opened at $133.89 on Thursday. The company has a fifty day moving average of $129.74 and a two-hundred day moving average of $116.67. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. Howmet Aerospace Inc. has a fifty-two week low of $62.80 and a fifty-two week high of $140.55. The stock has a market capitalization of $54.23 billion, a price-to-earnings ratio of 47.48, a PEG ratio of 1.92 and a beta of 1.54.

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, beating the consensus estimate of $0.71 by $0.03. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. On average, research analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a $0.10 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio (DPR) is presently 14.18%.

Howmet Aerospace Company 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.