Advisors Asset Management Inc. Boosts Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Advisors Asset Management Inc. boosted its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 3.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,473 shares of the company’s stock after acquiring an additional 3,153 shares during the quarter. Advisors Asset Management Inc.’s holdings in Howmet Aerospace were worth $9,786,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Assetmark Inc. grew its stake in shares of Howmet Aerospace by 40.0% in the third quarter. Assetmark Inc. now owns 441 shares of the company’s stock worth $44,000 after acquiring an additional 126 shares in the last quarter. OneDigital Investment Advisors LLC boosted its holdings in Howmet Aerospace by 2.4% in the third quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company’s stock valued at $527,000 after purchasing an additional 124 shares during the period. Mutual of America Capital Management LLC boosted its holdings in Howmet Aerospace by 2.7% in the third quarter. Mutual of America Capital Management LLC now owns 50,266 shares of the company’s stock valued at $5,039,000 after purchasing an additional 1,343 shares during the period. Claro Advisors LLC acquired a new position in Howmet Aerospace during the 3rd quarter worth $363,000. Finally, Quest Partners LLC increased its holdings in Howmet Aerospace by 94.9% during the 3rd quarter. Quest Partners LLC now owns 1,405 shares of the company’s stock worth $141,000 after purchasing an additional 684 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HWM has been the subject of a number of analyst reports. Barclays boosted their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. boosted their price target on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Morgan Stanley raised their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Wells Fargo & Company boosted their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Finally, Truist Financial restated a “buy” rating and issued a $140.00 price target (up from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Howmet Aerospace presently has an average rating of “Moderate Buy” and an average price target of $123.28.

Howmet Aerospace Trading Down 0.7 %

HWM opened at $128.32 on Wednesday. The firm has a market cap of $51.97 billion, a price-to-earnings ratio of 45.50, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54. Howmet Aerospace Inc. has a 52 week low of $62.80 and a 52 week high of $140.55. The business’s 50 day moving average is $127.06 and its two-hundred day moving average is $113.83. 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 (NYSE:HWM) last announced its earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. On average, research analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were paid a dividend of $0.10 per share. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. Howmet Aerospace’s dividend payout ratio is 14.18%.

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.