Fortem Financial Group LLC Acquires Shares of 9,515 Howmet Aerospace Inc. $HWM

Fortem Financial Group LLC bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 9,515 shares of the company’s stock, valued at approximately $1,867,000.

A number of other hedge funds have also modified their holdings of HWM. Global Trust Asset Management LLC grew its stake in Howmet Aerospace by 1.2% during the 3rd quarter. Global Trust Asset Management LLC now owns 4,110 shares of the company’s stock valued at $807,000 after acquiring an additional 50 shares in the last quarter. Tradewinds Capital Management LLC lifted its stake in Howmet Aerospace by 52.0% in the 3rd quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock worth $30,000 after purchasing an additional 52 shares in the last quarter. Mystic Asset Management Inc. boosted its holdings in shares of Howmet Aerospace by 2.6% during the 3rd quarter. Mystic Asset Management Inc. now owns 2,154 shares of the company’s stock worth $423,000 after purchasing an additional 55 shares during the last quarter. Glass Jacobson Investment Advisors llc grew its position in shares of Howmet Aerospace by 4.3% in the third quarter. Glass Jacobson Investment Advisors llc now owns 1,390 shares of the company’s stock valued at $273,000 after purchasing an additional 57 shares in the last quarter. Finally, Kera Capital Partners Inc. increased its holdings in shares of Howmet Aerospace by 4.1% in the third quarter. Kera Capital Partners Inc. now owns 1,458 shares of the company’s stock valued at $286,000 after purchasing an additional 58 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HWM shares. Sanford C. Bernstein reissued an “outperform” rating and set a $247.00 price objective on shares of Howmet Aerospace in a research note on Tuesday, January 6th. Wall Street Zen raised shares of Howmet Aerospace from a “hold” rating to a “buy” rating in a research report on Sunday, January 18th. TD Cowen reissued a “buy” rating on shares of Howmet Aerospace in a report on Friday, October 31st. UBS Group raised their price objective on shares of Howmet Aerospace from $199.00 to $209.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Finally, Industrial Alliance Securities set a $240.00 target price on shares of Howmet Aerospace in a report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.53.

Howmet Aerospace Stock Down 0.4%

Shares of NYSE:HWM opened at $208.12 on Friday. The company has a market capitalization of $83.68 billion, a price-to-earnings ratio of 58.46, a PEG ratio of 1.98 and a beta of 1.29. Howmet Aerospace Inc. has a 12-month low of $105.04 and a 12-month high of $226.87. The business has a 50-day moving average price of $207.62 and a 200 day moving average price of $195.45. The company has a current ratio of 2.35, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Thursday, October 30th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the prior year, the company posted $0.81 earnings per share. Howmet Aerospace’s revenue for the quarter was up 13.8% compared to the same quarter last year. Sell-side analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Friday, February 6th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, February 6th. Howmet Aerospace’s dividend payout ratio (DPR) is 13.48%.

About Howmet Aerospace

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.