Financial Life Planners Invests $86,000 in Howmet Aerospace Inc. (NYSE:HWM)

Financial Life Planners purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 784 shares of the company’s stock, valued at approximately $86,000.

Several other institutional investors have also modified their holdings of HWM. RiverPark Advisors LLC purchased a new stake in shares of Howmet Aerospace during the third quarter worth approximately $26,000. R Squared Ltd acquired a new position in Howmet Aerospace during the fourth quarter worth about $26,000. Hollencrest Capital Management purchased a new stake in Howmet Aerospace during the 3rd quarter valued at about $30,000. Global Trust Asset Management LLC purchased a new stake in Howmet Aerospace during the 4th quarter valued at about $33,000. Finally, Hanson & Doremus Investment Management acquired a new stake in Howmet Aerospace in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

HWM stock opened at $126.45 on Monday. The business’s fifty day moving average price is $116.98 and its 200 day moving average price is $105.13. Howmet Aerospace Inc. has a 12-month low of $55.89 and a 12-month high of $129.10. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $51.37 billion, a PE ratio of 48.26, a P/E/G ratio of 1.43 and a beta of 1.50.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.10 per share. The ex-dividend date is 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 yield of 0.32%. Howmet Aerospace’s dividend payout ratio is 12.21%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company upped 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. Susquehanna upped their target price on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a report on Thursday, November 7th. Bank of America lifted their price target on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Barclays upped their price objective on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Finally, Sanford C. Bernstein lifted their target price on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $115.71.

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.