Howmet Aerospace Inc. (NYSE:HWM) Shares Bought by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. boosted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 10.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,259 shares of the company’s stock after buying an additional 205 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Howmet Aerospace were worth $122,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC acquired a new position in Howmet Aerospace during the 4th quarter valued at about $280,000. International Assets Investment Management LLC increased its position in Howmet Aerospace by 1,025.8% during the 4th quarter. International Assets Investment Management LLC now owns 142,127 shares of the company’s stock valued at $7,692,000 after buying an additional 129,502 shares in the last quarter. Bleakley Financial Group LLC increased its position in Howmet Aerospace by 7.1% during the 4th quarter. Bleakley Financial Group LLC now owns 4,922 shares of the company’s stock valued at $266,000 after buying an additional 326 shares in the last quarter. Avitas Wealth Management LLC increased its holdings in shares of Howmet Aerospace by 2.9% in the fourth quarter. Avitas Wealth Management LLC now owns 23,965 shares of the company’s stock valued at $1,297,000 after purchasing an additional 667 shares during the period. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Howmet Aerospace by 1.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 155,340 shares of the company’s stock valued at $8,405,000 after purchasing an additional 2,313 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on HWM shares. Barclays increased their price objective on Howmet Aerospace from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, February 20th. JPMorgan Chase & Co. increased their price objective on Howmet Aerospace from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Robert W. Baird increased their price objective on Howmet Aerospace from $65.00 to $74.00 and gave the company an “outperform” rating in a report on Monday, April 8th. UBS Group increased their price objective on Howmet Aerospace from $57.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Finally, Truist Financial raised Howmet Aerospace from a “hold” rating to a “buy” rating and increased their price objective for the company from $47.00 to $74.00 in a report on Wednesday, January 10th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $65.08.

Howmet Aerospace Stock Down 0.8 %

Shares of HWM opened at $63.48 on Tuesday. Howmet Aerospace Inc. has a 52 week low of $42.17 and a 52 week high of $69.55. The company has a quick ratio of 0.87, a current ratio of 1.86 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $25.92 billion, a price-to-earnings ratio of 34.69, a PEG ratio of 1.67 and a beta of 1.43. The stock’s 50-day moving average price is $65.33 and its 200-day moving average price is $56.07.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.65 billion. Howmet Aerospace had a return on equity of 20.12% and a net margin of 11.52%. Howmet Aerospace’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.38 earnings per share. On average, sell-side analysts predict that Howmet Aerospace Inc. will post 2.18 EPS for the current year.

Howmet Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 26th. Shareholders of record on Friday, February 9th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.20 dividend on an annualized basis and a yield of 0.32%. Howmet Aerospace’s dividend payout ratio is currently 10.93%.

Insiders Place Their Bets

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 45,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the transaction, the executive vice president now owns 229,568 shares in the company, valued at $15,482,065.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.23% of the stock is currently owned by company insiders.

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.