Motley Fool Asset Management LLC Buys New Shares in Howmet Aerospace Inc. (NYSE:HWM)

Motley Fool Asset Management LLC bought a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 18,864 shares of the company’s stock, valued at approximately $2,447,000.

A number of other institutional investors also recently modified their holdings of the stock. Harbour Investments Inc. raised its holdings in Howmet Aerospace by 10.1% during the first quarter. Harbour Investments Inc. now owns 1,114 shares of the company’s stock worth $145,000 after buying an additional 102 shares during the last quarter. PFG Advisors raised its holdings in Howmet Aerospace by 37.9% during the first quarter. PFG Advisors now owns 9,593 shares of the company’s stock worth $1,245,000 after buying an additional 2,635 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Howmet Aerospace by 233.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 140,883 shares of the company’s stock worth $18,277,000 after acquiring an additional 98,642 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of Howmet Aerospace by 126.1% in the 1st quarter. Park Avenue Securities LLC now owns 24,207 shares of the company’s stock worth $3,140,000 after acquiring an additional 13,500 shares in the last quarter. Finally, Private Trust Co. NA grew its stake in shares of Howmet Aerospace by 65.4% in the 1st quarter. Private Trust Co. NA now owns 673 shares of the company’s stock worth $87,000 after acquiring an additional 266 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Stock Down 0.5%

Shares of NYSE HWM opened at $179.77 on Tuesday. Howmet Aerospace Inc. has a one year low of $90.71 and a one year high of $193.26. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.31 and a quick ratio of 1.08. The business’s fifty day moving average price is $179.68 and its 200-day moving average price is $151.78. The stock has a market capitalization of $72.47 billion, a PE ratio of 52.56, a P/E/G ratio of 2.31 and a beta of 1.48.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.67 EPS. On average, equities research analysts anticipate 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 Monday, August 25th. Stockholders of record on Friday, August 8th will be given a dividend of $0.12 per share. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, August 8th. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. Howmet Aerospace’s dividend payout ratio is currently 14.04%.

Analyst Ratings Changes

HWM has been the subject of several recent analyst reports. Barclays reiterated an “overweight” rating and issued a $190.00 target price (up previously from $140.00) on shares of Howmet Aerospace in a research note on Monday, August 4th. Susquehanna upped their target price on shares of Howmet Aerospace from $170.00 to $210.00 and gave the stock a “positive” rating in a research note on Monday, July 14th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Howmet Aerospace in a research note on Monday, June 30th. Benchmark upped their target price on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, April 21st. Finally, UBS Group upped their target price on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $172.13.

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.