Cerity Partners LLC Acquires 5,954 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Cerity Partners LLC boosted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 10.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,319 shares of the company's stock after purchasing an additional 5,954 shares during the quarter. Cerity Partners LLC's holdings in Howmet Aerospace were worth $6,600,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in Howmet Aerospace in the fourth quarter valued at approximately $1,001,558,000. JPMorgan Chase & Co. boosted its stake in Howmet Aerospace by 14.0% during the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock worth $2,209,071,000 after purchasing an additional 2,486,649 shares during the period. AustralianSuper Pty Ltd grew its holdings in shares of Howmet Aerospace by 1,000.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company's stock worth $101,772,000 after buying an additional 845,941 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Howmet Aerospace during the 4th quarter worth approximately $61,740,000. Finally, Sei Investments Co. increased its holdings in shares of Howmet Aerospace by 82.4% in the 4th quarter. Sei Investments Co. now owns 1,106,586 shares of the company's stock valued at $121,026,000 after purchasing an additional 499,978 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Howmet Aerospace Trading Up 0.6 %

Shares of HWM stock traded up $0.78 during trading hours on Thursday, reaching $124.71. 773,136 shares of the stock traded hands, compared to its average volume of 2,746,635. The firm has a market capitalization of $50.51 billion, a PE ratio of 44.12, a PEG ratio of 1.92 and a beta of 1.25. Howmet Aerospace Inc. has a 1-year low of $62.80 and a 1-year high of $140.55. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The business has a fifty day moving average price of $128.63 and a 200 day moving average price of $118.43.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.03. The company had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. On average, equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. Howmet Aerospace's dividend payout ratio is 14.18%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on HWM shares. Truist Financial reduced their target price on Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Thursday. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. JPMorgan Chase & Co. boosted their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Wells Fargo & Company reissued an "equal weight" rating and set a $118.00 price target (down from $132.00) on shares of Howmet Aerospace in a research report on Tuesday. Finally, The Goldman Sachs Group lifted their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Howmet Aerospace presently has an average rating of "Moderate Buy" and an average target price of $122.28.

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.