Braun Stacey Associates Inc. Sells 23,267 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Braun Stacey Associates Inc. lessened its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 361,543 shares of the company's stock after selling 23,267 shares during the period. Howmet Aerospace makes up about 1.5% of Braun Stacey Associates Inc.'s portfolio, making the stock its 14th largest holding. Braun Stacey Associates Inc. owned approximately 0.09% of Howmet Aerospace worth $39,542,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC lifted its holdings in shares of Howmet Aerospace by 18.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,490 shares of the company's stock worth $163,000 after acquiring an additional 228 shares during the period. D.A. Davidson & CO. increased its position in Howmet Aerospace by 6.6% during the 4th quarter. D.A. Davidson & CO. now owns 13,921 shares of the company's stock worth $1,523,000 after purchasing an additional 866 shares in the last quarter. CIBC Asset Management Inc increased its position in Howmet Aerospace by 4.2% during the 4th quarter. CIBC Asset Management Inc now owns 62,064 shares of the company's stock worth $6,788,000 after purchasing an additional 2,523 shares in the last quarter. NTV Asset Management LLC increased its position in Howmet Aerospace by 4.8% during the 4th quarter. NTV Asset Management LLC now owns 2,631 shares of the company's stock worth $288,000 after purchasing an additional 121 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its position in Howmet Aerospace by 6.7% during the 4th quarter. Sanctuary Advisors LLC now owns 31,423 shares of the company's stock worth $3,437,000 after purchasing an additional 1,963 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Analysts Set New Price Targets

HWM has been the subject of a number of research analyst reports. Morgan Stanley upped their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research report on Wednesday. Robert W. Baird upped their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. KeyCorp cut shares of Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a research report on Thursday, October 24th. The Goldman Sachs Group upped their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday. 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 report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $123.28.

Howmet Aerospace Trading Down 6.2 %

Shares of HWM traded down $8.61 during trading hours on Friday, hitting $129.83. 3,517,780 shares of the stock were exchanged, compared to its average volume of 2,751,625. Howmet Aerospace Inc. has a fifty-two week low of $62.80 and a fifty-two week high of $140.55. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The business has a 50-day moving average of $121.18 and a 200-day moving average of $109.59. The firm has a market capitalization of $52.58 billion, a P/E ratio of 46.04, a price-to-earnings-growth ratio of 1.94 and a beta of 1.50.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings data 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. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The company had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.88 billion. On average, research analysts expect that Howmet Aerospace Inc. will post 3.26 EPS for the current year.

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, February 7th. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.31%. Howmet Aerospace's dividend payout ratio is currently 14.18%.

Howmet Aerospace Company 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.