Proficio Capital Partners LLC Purchases Shares of 2,041 Howmet Aerospace Inc. (NYSE:HWM)

Proficio Capital Partners 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 2,041 shares of the company’s stock, valued at approximately $223,000.

A number of other large investors also recently modified their holdings of the company. R Squared Ltd purchased a new position in shares of Howmet Aerospace in the 4th quarter valued at $26,000. Global Trust Asset Management LLC purchased a new position in Howmet Aerospace in the fourth quarter valued at about $33,000. Hanson & Doremus Investment Management purchased a new position in Howmet Aerospace in the fourth quarter valued at about $34,000. ORG Partners LLC acquired a new position in shares of Howmet Aerospace during the fourth quarter worth about $44,000. Finally, Private Trust Co. NA boosted its position in shares of Howmet Aerospace by 28.0% in the fourth quarter. Private Trust Co. NA now owns 407 shares of the company’s stock worth $45,000 after buying an additional 89 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Down 1.1 %

Shares of NYSE HWM opened at $132.64 on Friday. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The stock’s 50 day moving average price is $129.32 and its two-hundred day moving average price is $115.48. Howmet Aerospace Inc. has a 52-week low of $62.80 and a 52-week high of $140.55. The stock has a market capitalization of $53.72 billion, a P/E ratio of 47.04, a PEG ratio of 1.92 and a beta of 1.54.

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

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given a $0.10 dividend. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend was Friday, February 7th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 14.18%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HWM shares. JPMorgan Chase & Co. raised their target price on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, February 14th. The Goldman Sachs Group lifted their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Wells Fargo & Company upped their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Barclays lifted their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Finally, Morgan Stanley upped 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $123.28.

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.