O Neil Global Advisors Inc. Has $2.14 Million Holdings in Howmet Aerospace Inc. (NYSE:HWM)

O Neil Global Advisors Inc. increased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,527 shares of the company’s stock after acquiring an additional 90 shares during the quarter. Howmet Aerospace makes up about 0.6% of O Neil Global Advisors Inc.’s portfolio, making the stock its 14th largest position. O Neil Global Advisors Inc.’s holdings in Howmet Aerospace were worth $2,136,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. RiverPark Advisors LLC bought a new position in shares of Howmet Aerospace during the 3rd quarter valued at approximately $26,000. R Squared Ltd bought a new position in shares of Howmet Aerospace in the 4th quarter worth $26,000. Hollencrest Capital Management bought a new position in Howmet Aerospace during the third quarter valued at approximately $30,000. Global Trust Asset Management LLC bought a new stake in Howmet Aerospace in the fourth quarter valued at approximately $33,000. Finally, Hanson & Doremus Investment Management purchased a new stake in Howmet Aerospace in the 4th quarter worth approximately $34,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $138.16 on Friday. Howmet Aerospace Inc. has a 1-year low of $62.80 and a 1-year high of $140.55. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The stock has a fifty day moving average price of $120.86 and a 200 day moving average price of $109.29. The company has a market cap of $55.96 billion, a PE ratio of 48.99, a P/E/G ratio of 1.51 and a beta of 1.50.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. Sell-side analysts forecast that Howmet Aerospace Inc. will post 3.24 EPS for the current year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be paid a $0.10 dividend. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Friday, February 7th. Howmet Aerospace’s payout ratio is currently 14.18%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group raised their price target on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. boosted their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Bank of America increased their price objective on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Truist Financial reiterated a “buy” rating and set a $140.00 target price (up from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Finally, Wells Fargo & Company upped their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $123.28.

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.