CreativeOne Wealth LLC Purchases 4,456 Shares of Howmet Aerospace Inc. (NYSE:HWM)

CreativeOne Wealth LLC raised its position in Howmet Aerospace Inc. (NYSE:HWM) by 177.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,964 shares of the company’s stock after acquiring an additional 4,456 shares during the period. CreativeOne Wealth LLC’s holdings in Howmet Aerospace were worth $762,000 as of its most recent filing with the Securities & Exchange Commission.

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

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock opened at $123.21 on Friday. The firm has a market cap of $49.90 billion, a PE ratio of 43.69, a P/E/G ratio of 1.92 and a beta of 1.25. Howmet Aerospace Inc. has a twelve month low of $62.80 and a twelve month high of $140.55. 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 business has a 50-day moving average price of $128.53 and a 200 day moving average price of $118.59.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Sell-side analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be given a $0.10 dividend. The ex-dividend date is Friday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. Howmet Aerospace’s dividend payout ratio (DPR) is 14.18%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HWM. Morgan Stanley boosted their target price 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. Barclays upped their target price on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. The Goldman Sachs Group lifted their price target on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Truist Financial cut their price objective on Howmet Aerospace from $140.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $118.00 target price (down previously from $132.00) on shares of Howmet Aerospace in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $122.28.

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.