Meeder Advisory Services Inc. Buys 899 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Meeder Advisory Services Inc. increased its stake in Howmet Aerospace Inc. (NYSE:HWM) by 21.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,131 shares of the company’s stock after purchasing an additional 899 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Howmet Aerospace were worth $561,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HWM. Murphy & Mullick Capital Management Corp purchased a new position in Howmet Aerospace during the 4th quarter valued at about $25,000. Meeder Asset Management Inc. boosted its position in shares of Howmet Aerospace by 208.1% in the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock valued at $25,000 after acquiring an additional 154 shares during the period. R Squared Ltd bought a new stake in Howmet Aerospace during the 4th quarter worth approximately $26,000. Washington Trust Advisors Inc. bought a new stake in Howmet Aerospace during the 4th quarter worth approximately $29,000. Finally, Global Trust Asset Management LLC purchased a new stake in Howmet Aerospace in the 4th quarter worth approximately $33,000. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Price Performance

HWM opened at $124.97 on Friday. 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’s 50 day simple moving average is $129.68 and its 200 day simple moving average is $116.73. The firm has a market cap of $50.62 billion, a price-to-earnings ratio of 44.32, a PEG ratio of 1.92 and a beta of 1.25. Howmet Aerospace Inc. has a 1 year low of $62.80 and a 1 year high of $140.55.

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

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, February 7th. Howmet Aerospace’s dividend payout ratio is 14.18%.

Analysts Set New Price Targets

A number of research analysts have recently commented on HWM shares. JPMorgan Chase & Co. boosted their price target on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. The Goldman Sachs Group upped their target price on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Wells Fargo & Company lifted 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. Barclays upped their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Finally, Morgan Stanley lifted their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Howmet Aerospace currently has an average rating of “Moderate Buy” and a consensus price target of $123.28.

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.