Argentarii LLC Invests $980,000 in Howmet Aerospace Inc. (NYSE:HWM)

Argentarii LLC bought a new position in Howmet Aerospace Inc. (NYSE:HWM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,956 shares of the company’s stock, valued at approximately $980,000.

Other hedge funds have also recently modified their holdings of the company. RiverPark Advisors LLC purchased a new position in shares of Howmet Aerospace in the third quarter worth $26,000. R Squared Ltd purchased a new stake in Howmet Aerospace during the fourth quarter valued at $26,000. Washington Trust Advisors Inc. purchased a new stake in Howmet Aerospace during the fourth quarter valued at $29,000. Hollencrest Capital Management purchased a new stake in Howmet Aerospace during the third quarter valued at $30,000. Finally, Global Trust Asset Management LLC purchased a new stake in Howmet Aerospace during the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Bank of America upped their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. 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 report on Wednesday, February 19th. Wells Fargo & Company boosted their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. boosted their price objective 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. Finally, Truist Financial restated a “buy” rating and issued a $140.00 price target (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Howmet Aerospace presently has an average rating of “Moderate Buy” and a consensus target price of $123.28.

Howmet Aerospace Stock Performance

HWM stock opened at $124.70 on Friday. The firm has a market cap of $50.51 billion, a price-to-earnings ratio of 44.22, a PEG ratio of 1.92 and a beta of 1.54. The firm has a 50-day simple moving average of $124.95 and a two-hundred day simple moving average of $112.27. Howmet Aerospace Inc. has a one year low of $62.80 and a one year high of $140.55. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. On average, equities analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were given a $0.10 dividend. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. The ex-dividend date was Friday, February 7th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 14.18%.

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.