Optivise Advisory Services LLC Acquires New Stake in Howmet Aerospace Inc. (NYSE:HWM)

Optivise Advisory Services LLC bought a new stake in Howmet Aerospace Inc. (NYSE:HWM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,938 shares of the company’s stock, valued at approximately $212,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB lifted its stake in shares of Howmet Aerospace by 45.8% during the third quarter. Wilmington Savings Fund Society FSB now owns 7,397 shares of the company’s stock valued at $742,000 after buying an additional 2,324 shares during the period. Tidal Investments LLC lifted its stake in shares of Howmet Aerospace by 60.0% during the 3rd quarter. Tidal Investments LLC now owns 56,490 shares of the company’s stock worth $5,663,000 after purchasing an additional 21,176 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Howmet Aerospace by 58.0% during the third quarter. Franklin Resources Inc. now owns 570,476 shares of the company’s stock worth $58,559,000 after purchasing an additional 209,492 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new stake in shares of Howmet Aerospace in the third quarter valued at $3,388,000. Finally, Retirement Systems of Alabama increased its stake in Howmet Aerospace by 332.6% in the third quarter. Retirement Systems of Alabama now owns 370,027 shares of the company’s stock valued at $37,095,000 after purchasing an additional 284,487 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Price Performance

HWM opened at $123.21 on Monday. 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 company has a fifty day simple moving average of $128.40 and a 200 day simple moving average of $118.99. The firm has a market cap of $49.90 billion, a price-to-earnings ratio of 43.69, a PEG 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.

Howmet Aerospace (NYSE:HWM) last released its quarterly 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 business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Equities research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

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

Wall Street Analysts Forecast Growth

HWM has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, February 14th. The Goldman Sachs Group upped their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Morgan Stanley boosted their price objective 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. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $118.00 target price (down from $132.00) on shares of Howmet Aerospace in a research report on Tuesday, April 15th. Finally, Truist Financial dropped their price target on Howmet Aerospace from $140.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $122.28.

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.