69,614 Shares in Howmet Aerospace Inc. (NYSE:HWM) Acquired by Bearing Point Capital LLC

Bearing Point Capital LLC purchased a new position in Howmet Aerospace Inc. (NYSE:HWM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 69,614 shares of the company’s stock, valued at approximately $7,614,000. Howmet Aerospace comprises approximately 1.6% of Bearing Point Capital LLC’s holdings, making the stock its 20th largest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vista Investment Partners LLC purchased a new position in shares of Howmet Aerospace in the fourth quarter worth about $531,000. Genesis Private Wealth LLC purchased a new position in Howmet Aerospace during the 4th quarter worth approximately $249,000. Ameritas Advisory Services LLC acquired a new stake in Howmet Aerospace during the 4th quarter valued at approximately $289,000. Geneos Wealth Management Inc. boosted its holdings in shares of Howmet Aerospace by 303.1% in the 4th quarter. Geneos Wealth Management Inc. now owns 10,960 shares of the company’s stock valued at $1,199,000 after acquiring an additional 8,241 shares during the last quarter. Finally, Park Avenue Securities LLC increased its stake in shares of Howmet Aerospace by 150.5% in the fourth quarter. Park Avenue Securities LLC now owns 10,707 shares of the company’s stock worth $1,171,000 after acquiring an additional 6,433 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Price Performance

NYSE:HWM opened at $154.16 on Friday. The company has a market capitalization of $62.35 billion, a P/E ratio of 54.67, a P/E/G ratio of 1.92 and a beta of 1.37. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. Howmet Aerospace Inc. has a 52 week low of $76.83 and a 52 week high of $154.73. The stock’s fifty day moving average is $129.01 and its two-hundred day moving average is $121.14.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the prior year, the company posted $0.53 earnings per share. Howmet Aerospace’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 annualized dividend and a yield of 0.26%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 13.03%.

Analyst Ratings Changes

Several research firms have commented on HWM. Benchmark upped their price target on shares of Howmet Aerospace from $85.00 to $135.00 and gave the company a “buy” rating in a report on Monday, April 21st. Barclays upped their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Morgan Stanley increased their price target on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. The Goldman Sachs Group upped their target price on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Finally, Truist Financial dropped their price target on shares of Howmet Aerospace from $140.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.17.

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.