Aptus Capital Advisors LLC Takes $561,000 Position in Howmet Aerospace Inc. (NYSE:HWM)

Aptus Capital Advisors LLC acquired a new stake in Howmet Aerospace Inc. (NYSE:HWM) during the 4th quarter, HoldingsChannel reports. The firm acquired 5,125 shares of the company’s stock, valued at approximately $561,000.

Other hedge funds have also modified their holdings of the company. Murphy & Mullick Capital Management Corp acquired a new position in Howmet Aerospace in the 4th quarter worth about $25,000. Meeder Asset Management Inc. grew its stake in shares of Howmet Aerospace by 208.1% in the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock valued at $25,000 after buying an additional 154 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Howmet Aerospace in the fourth quarter worth approximately $25,000. R Squared Ltd acquired a new stake in Howmet Aerospace in the fourth quarter valued at approximately $26,000. Finally, Washington Trust Advisors Inc. acquired a new stake in Howmet Aerospace in the fourth quarter valued at approximately $29,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Trading Up 0.9 %

Shares of HWM opened at $157.25 on Thursday. The stock’s 50-day moving average price is $130.32 and its 200 day moving average price is $122.07. 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 firm has a market capitalization of $63.60 billion, a price-to-earnings ratio of 55.76, a P/E/G ratio of 1.92 and a beta of 1.37. Howmet Aerospace Inc. has a 12-month low of $76.83 and a 12-month high of $159.38.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.77 by $0.09. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. Howmet Aerospace’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $0.53 earnings per share. As a group, research analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.25%. The ex-dividend date is Friday, May 9th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 13.03%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on HWM shares. Truist Financial reduced their price objective on shares of Howmet Aerospace from $140.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Morgan Stanley increased their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. BTIG Research restated a “buy” rating on shares of Howmet Aerospace in a report on Monday. Barclays increased their price target on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Finally, UBS Group upped their price objective on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $132.53.

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.