MML Investors Services LLC Increases Position in Howmet Aerospace Inc. (NYSE:HWM)

MML Investors Services LLC boosted its position in Howmet Aerospace Inc. (NYSE:HWM) by 7.0% in the 3rd quarter, Holdings Channel reports. The fund owned 37,497 shares of the company’s stock after purchasing an additional 2,442 shares during the period. MML Investors Services LLC’s holdings in Howmet Aerospace were worth $3,759,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Howmet Aerospace by 21.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 15,511 shares of the company’s stock worth $1,204,000 after purchasing an additional 2,765 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Howmet Aerospace by 121.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 22,169 shares of the company’s stock worth $1,721,000 after buying an additional 12,170 shares during the period. Blue Trust Inc. boosted its stake in Howmet Aerospace by 83.0% in the 2nd quarter. Blue Trust Inc. now owns 1,691 shares of the company’s stock worth $131,000 after buying an additional 767 shares during the last quarter. Chapin Davis Inc. purchased a new stake in Howmet Aerospace in the 2nd quarter valued at about $2,400,000. Finally, Hennion & Walsh Asset Management Inc. increased its stake in shares of Howmet Aerospace by 11.0% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 26,104 shares of the company’s stock valued at $2,026,000 after acquiring an additional 2,596 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Price Performance

Shares of HWM stock opened at $113.47 on Friday. The firm has a fifty day simple moving average of $110.03 and a 200-day simple moving average of $95.99. The company has a market capitalization of $46.10 billion, a PE ratio of 43.31, a price-to-earnings-growth ratio of 1.56 and a beta of 1.48. Howmet Aerospace Inc. has a twelve month low of $52.36 and a twelve month high of $120.71. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.32 annualized dividend and a dividend yield of 0.28%. Howmet Aerospace’s dividend payout ratio is presently 12.21%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HWM. Wells Fargo & Company raised their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday. Barclays upped their price objective on Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Truist Financial lifted their target price on Howmet Aerospace from $123.00 to $128.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Sanford C. Bernstein upped their price target on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Finally, Susquehanna lifted their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Howmet Aerospace has a consensus rating of “Moderate Buy” and an average target price of $115.59.

About Howmet Aerospace

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.