EP Wealth Advisors LLC Makes New $248,000 Investment in Howmet Aerospace Inc. (NYSE:HWM)

EP Wealth Advisors LLC purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,477 shares of the company’s stock, valued at approximately $248,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Senator Investment Group LP increased its holdings in Howmet Aerospace by 24.8% in the second quarter. Senator Investment Group LP now owns 156,000 shares of the company’s stock valued at $12,110,000 after buying an additional 31,000 shares in the last quarter. Terra Nova Asset Management LLC purchased a new position in Howmet Aerospace in the 3rd quarter valued at approximately $1,264,000. Stifel Financial Corp raised its holdings in Howmet Aerospace by 12.1% during the third quarter. Stifel Financial Corp now owns 263,830 shares of the company’s stock worth $26,450,000 after purchasing an additional 28,568 shares during the last quarter. Wealthspire Advisors LLC purchased a new stake in Howmet Aerospace during the second quarter worth $209,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Howmet Aerospace by 1,258.3% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company’s stock valued at $206,000 after purchasing an additional 1,900 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

HWM has been the topic of several recent research reports. Robert W. Baird boosted their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Bank of America lifted their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. UBS Group increased their target price on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company boosted their price target on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $115.59.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $113.47 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The firm has a market capitalization of $46.10 billion, a price-to-earnings ratio of 43.31, a price-to-earnings-growth ratio of 1.56 and a beta of 1.48. Howmet Aerospace Inc. has a one year low of $52.36 and a one year high of $120.71. The company has a 50 day moving average price of $110.03 and a 200 day moving average price of $95.99.

Howmet Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.28%. Howmet Aerospace’s payout ratio is 12.21%.

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.