First Commonwealth Financial Corp PA Purchases Shares of 3,307 Howmet Aerospace Inc. (NYSE:HWM)

First Commonwealth Financial Corp PA acquired a new position in Howmet Aerospace Inc. (NYSE:HWM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,307 shares of the company’s stock, valued at approximately $362,000.

Several other institutional investors and hedge funds have also recently modified their holdings of HWM. Private Trust Co. NA grew its holdings in Howmet Aerospace by 28.0% during the 4th quarter. Private Trust Co. NA now owns 407 shares of the company’s stock valued at $45,000 after buying an additional 89 shares in the last quarter. O Neil Global Advisors Inc. boosted its position in shares of Howmet Aerospace by 0.5% during the fourth quarter. O Neil Global Advisors Inc. now owns 19,527 shares of the company’s stock worth $2,136,000 after acquiring an additional 90 shares during the last quarter. Brooklyn Investment Group grew its stake in Howmet Aerospace by 6.1% during the fourth quarter. Brooklyn Investment Group now owns 1,678 shares of the company’s stock valued at $183,000 after acquiring an additional 97 shares in the last quarter. Frank Rimerman Advisors LLC increased its holdings in Howmet Aerospace by 0.7% in the 4th quarter. Frank Rimerman Advisors LLC now owns 15,035 shares of the company’s stock valued at $1,644,000 after acquiring an additional 100 shares during the last quarter. Finally, Guyasuta Investment Advisors Inc. lifted its stake in Howmet Aerospace by 1.4% in the 4th quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company’s stock worth $838,000 after purchasing an additional 104 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Northcoast Research upgraded Howmet Aerospace from a “sell” rating to a “neutral” rating in a research report on Wednesday, April 9th. Wells Fargo & Company restated an “equal weight” rating and set a $118.00 price target (down previously from $132.00) on shares of Howmet Aerospace in a report on Tuesday. Truist Financial decreased 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. JPMorgan Chase & Co. raised their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Finally, Morgan Stanley upped their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.28.

Howmet Aerospace Stock Down 0.6 %

Shares of NYSE HWM opened at $123.21 on Friday. Howmet Aerospace Inc. has a 1 year low of $62.80 and a 1 year high of $140.55. The firm has a 50-day simple moving average of $128.53 and a two-hundred day simple moving average of $118.59. The company has a market cap of $49.90 billion, a P/E ratio of 43.69, a PEG ratio of 1.92 and a beta of 1.25. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. Research analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

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

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.