Charles Schwab Investment Management Inc. Buys 45,940 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Charles Schwab Investment Management Inc. increased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,351,189 shares of the company's stock after acquiring an additional 45,940 shares during the period. Charles Schwab Investment Management Inc. owned about 0.58% of Howmet Aerospace worth $257,150,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HWM. Private Trust Co. NA increased its holdings in Howmet Aerospace by 28.0% during the 4th quarter. Private Trust Co. NA now owns 407 shares of the company's stock worth $45,000 after purchasing an additional 89 shares in the last quarter. O Neil Global Advisors Inc. grew its holdings in shares of Howmet Aerospace by 0.5% during the fourth quarter. O Neil Global Advisors Inc. now owns 19,527 shares of the company's stock worth $2,136,000 after buying an additional 90 shares in the last quarter. Brooklyn Investment Group raised its position in Howmet Aerospace by 6.1% in the 4th quarter. Brooklyn Investment Group now owns 1,678 shares of the company's stock valued at $183,000 after buying an additional 97 shares during the last quarter. Guyasuta Investment Advisors Inc. lifted its stake in Howmet Aerospace by 1.4% in the 4th quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company's stock valued at $838,000 after acquiring an additional 104 shares in the last quarter. Finally, Caprock Group LLC boosted its position in Howmet Aerospace by 1.0% during the 3rd quarter. Caprock Group LLC now owns 11,179 shares of the company's stock worth $1,121,000 after acquiring an additional 106 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on HWM shares. Barclays lifted their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Susquehanna lifted their price target on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a "positive" rating in a research note on Thursday, November 7th. Royal Bank of Canada increased their price objective on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. raised their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Finally, UBS Group upped their target price on Howmet Aerospace from $103.00 to $120.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $123.28.

Howmet Aerospace Trading Up 2.6 %

Shares of Howmet Aerospace stock opened at $130.38 on Thursday. Howmet Aerospace Inc. has a 1 year low of $62.80 and a 1 year high of $140.55. The company has a market capitalization of $52.81 billion, a price-to-earnings ratio of 46.23, a P/E/G ratio of 1.92 and a beta of 1.54. The business has a fifty day simple moving average of $124.44 and a two-hundred day simple moving average of $111.87. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.74 EPS 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 business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Research analysts forecast 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. Stockholders of record on Friday, February 7th were given a $0.10 dividend. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.08. The ex-dividend date 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 presently 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.

Want to see what other hedge funds are holding HWM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Howmet Aerospace Inc. (NYSE:HWM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.