Commonwealth Equity Services LLC Grows Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Commonwealth Equity Services LLC raised its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 14.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 101,753 shares of the company's stock after acquiring an additional 12,906 shares during the period. Commonwealth Equity Services LLC's holdings in Howmet Aerospace were worth $11,129,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Assetmark Inc. lifted its position in Howmet Aerospace by 40.0% during the third 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. OneDigital Investment Advisors LLC raised its stake in Howmet Aerospace by 2.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company's stock valued at $527,000 after buying an additional 124 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of Howmet Aerospace by 2.7% during the 3rd quarter. Mutual of America Capital Management LLC now owns 50,266 shares of the company's stock valued at $5,039,000 after buying an additional 1,343 shares during the period. Claro Advisors LLC purchased a new position in shares of Howmet Aerospace in the 3rd quarter worth $363,000. Finally, Quest Partners LLC grew its holdings in shares of Howmet Aerospace by 94.9% in the third quarter. Quest Partners LLC now owns 1,405 shares of the company's stock worth $141,000 after acquiring an additional 684 shares during the period. Hedge funds and other institutional investors own 90.46% of the company's stock.

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Howmet Aerospace Price Performance

NYSE HWM traded down $0.97 during trading hours on Friday, reaching $130.70. The company's stock had a trading volume of 3,841,393 shares, compared to its average volume of 2,637,462. 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 company has a market capitalization of $52.94 billion, a price-to-earnings ratio of 46.35, a PEG ratio of 1.92 and a beta of 1.54. The firm's 50-day moving average price is $128.09 and its 200-day moving average price is $114.31.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released 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. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. On average, equities research analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a $0.10 dividend. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend was Friday, February 7th. Howmet Aerospace's dividend payout ratio (DPR) is presently 14.18%.

Analyst Upgrades and Downgrades

HWM has been the topic of several research reports. Truist Financial reissued a "buy" rating and issued a $140.00 target price (up from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. The Goldman Sachs Group raised their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Morgan Stanley boosted their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Barclays increased their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company boosted their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $123.28.

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.