Howmet Aerospace Inc. (NYSE:HWM) Stock Position Boosted by Cavalier Investments LLC

Cavalier Investments LLC grew its position in Howmet Aerospace Inc. (NYSE:HWM) by 4.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 68,398 shares of the company’s stock after buying an additional 2,832 shares during the quarter. Howmet Aerospace makes up about 2.5% of Cavalier Investments LLC’s portfolio, making the stock its 7th largest holding. Cavalier Investments LLC’s holdings in Howmet Aerospace were worth $7,481,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. O Neil Global Advisors Inc. lifted its position in 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 buying an additional 90 shares in the last quarter. Brooklyn Investment Group lifted its position in Howmet Aerospace by 6.1% during the fourth quarter. Brooklyn Investment Group now owns 1,678 shares of the company’s stock worth $183,000 after buying an additional 97 shares in the last quarter. Guyasuta Investment Advisors Inc. lifted its position in Howmet Aerospace by 1.4% during the fourth quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company’s stock worth $838,000 after buying an additional 104 shares in the last quarter. Caprock Group LLC lifted its position in Howmet Aerospace by 1.0% during the third quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock worth $1,121,000 after buying an additional 106 shares in the last quarter. Finally, Perigon Wealth Management LLC lifted its position in Howmet Aerospace by 4.1% during the fourth quarter. Perigon Wealth Management LLC now owns 2,904 shares of the company’s stock worth $318,000 after buying an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Royal Bank of Canada lifted their target price on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Susquehanna lifted their target price on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. lifted their target price on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Robert W. Baird lifted their target price on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, UBS Group lifted their target price on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.28.

Howmet Aerospace Trading Up 0.6 %

Shares of NYSE HWM opened at $130.37 on Wednesday. Howmet Aerospace Inc. has a twelve month low of $62.80 and a twelve month high of $140.55. The stock has a market capitalization of $52.80 billion, a PE ratio of 46.23, a PEG ratio of 1.92 and a beta of 1.50. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The stock has a fifty day simple moving average of $121.88 and a 200-day simple moving average of $110.42.

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

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.31%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, February 7th. Howmet Aerospace’s payout ratio is presently 14.18%.

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.