Schwartz Investment Counsel Inc. Purchases New Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Schwartz Investment Counsel Inc. bought a new position in Howmet Aerospace Inc. (NYSE:HWM) during the fourth quarter, HoldingsChannel.com reports. The fund bought 11,500 shares of the company’s stock, valued at approximately $1,258,000.

A number of other institutional investors have also recently modified their holdings of the stock. RiverPark Advisors LLC purchased a new stake in Howmet Aerospace in the third quarter worth about $26,000. R Squared Ltd purchased a new stake in Howmet Aerospace in the 4th quarter worth approximately $26,000. Hollencrest Capital Management bought a new stake in Howmet Aerospace during the 3rd quarter worth approximately $30,000. Global Trust Asset Management LLC purchased a new position in Howmet Aerospace during the fourth quarter valued at approximately $33,000. Finally, Hanson & Doremus Investment Management bought a new position in shares of Howmet Aerospace in the fourth quarter worth approximately $34,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock opened at $129.38 on Wednesday. The stock has a 50 day moving average price of $118.22 and a 200-day moving average price of $107.12. Howmet Aerospace Inc. has a one year low of $58.34 and a one year high of $129.69. The stock has a market cap of $52.56 billion, a price-to-earnings ratio of 49.38, a price-to-earnings-growth ratio of 1.45 and a beta of 1.50. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio is currently 12.21%.

Analysts Set New Price Targets

HWM has been the topic of several recent analyst reports. Bank of America raised their price objective on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. KeyCorp downgraded Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. UBS Group increased their target price on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Barclays lifted their target price on Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Finally, Robert W. Baird increased their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.71.

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.