Advisors Asset Management Inc. Acquires 3,153 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Advisors Asset Management Inc. raised its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 89,473 shares of the company's stock after buying an additional 3,153 shares during the period. Advisors Asset Management Inc.'s holdings in Howmet Aerospace were worth $9,786,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. R Squared Ltd acquired a new position in shares of Howmet Aerospace in the fourth quarter worth about $26,000. Washington Trust Advisors Inc. purchased a new stake in shares of Howmet Aerospace in the 4th quarter valued at approximately $29,000. Global Trust Asset Management LLC acquired a new position in Howmet Aerospace in the 4th quarter worth approximately $33,000. Hanson & Doremus Investment Management purchased a new position in Howmet Aerospace during the 4th quarter worth approximately $34,000. Finally, Assetmark Inc. raised its stake in Howmet Aerospace by 40.0% during the 3rd quarter. Assetmark Inc. now owns 441 shares of the company's stock valued at $44,000 after purchasing an additional 126 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HWM shares. Morgan Stanley raised their target price on Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Barclays raised 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. upped 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. Wells Fargo & Company raised their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. Finally, Truist Financial reaffirmed a "buy" rating and set a $140.00 price objective (up from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Howmet Aerospace presently has an average rating of "Moderate Buy" and a consensus price target of $123.28.

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Howmet Aerospace Stock Down 0.7 %

NYSE HWM traded down $0.97 during trading on Friday, hitting $130.70. 3,841,393 shares of the company traded hands, compared to its average volume of 2,635,864. The company has a market capitalization of $52.94 billion, a P/E ratio of 46.35, a PEG ratio of 1.92 and a beta of 1.54. The business has a fifty day simple moving average of $128.09 and a 200 day simple moving average of $114.46. Howmet Aerospace Inc. has a 12 month low of $62.80 and a 12 month high of $140.55. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. As a group, sell-side analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. Howmet Aerospace's dividend payout ratio (DPR) is presently 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.