Soltis Investment Advisors LLC Makes New Investment in Howmet Aerospace Inc. (NYSE:HWM)

Soltis Investment Advisors LLC acquired a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 22,201 shares of the company’s stock, valued at approximately $2,428,000.

Other large investors have also made changes to their positions in the company. CWM LLC increased its position in Howmet Aerospace by 204.9% during the 3rd quarter. CWM LLC now owns 39,328 shares of the company’s stock worth $3,943,000 after purchasing an additional 26,431 shares in the last quarter. UMB Bank n.a. increased its holdings in Howmet Aerospace by 28.3% in the 3rd quarter. UMB Bank n.a. now owns 1,130 shares of the company’s stock valued at $113,000 after purchasing an additional 249 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in Howmet Aerospace by 1,258.3% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company’s stock worth $206,000 after acquiring an additional 1,900 shares in the last quarter. Inspire Investing LLC acquired a new stake in Howmet Aerospace in the third quarter valued at approximately $889,000. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Howmet Aerospace during the third quarter valued at approximately $553,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Down 1.0 %

Shares of NYSE HWM opened at $127.67 on Monday. The company has a market cap of $51.87 billion, a price-to-earnings ratio of 48.73, a price-to-earnings-growth ratio of 1.45 and a beta of 1.50. The stock’s 50 day simple moving average is $118.01 and its 200 day simple moving average is $106.61. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. Howmet Aerospace Inc. has a 12-month low of $58.34 and a 12-month high of $129.69.

Howmet Aerospace Increases Dividend

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Sanford C. Bernstein upped their target price on shares of Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Susquehanna lifted their target price on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research report on Thursday, November 7th. Royal Bank of Canada raised their price objective on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Truist Financial upped their target price on Howmet Aerospace from $128.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Finally, Robert W. Baird raised their price target 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. One research 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.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.