Corient Private Wealth LLC Buys 14,730 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Corient Private Wealth LLC raised its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 34.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 57,386 shares of the company's stock after purchasing an additional 14,730 shares during the quarter. Corient Private Wealth LLC's holdings in Howmet Aerospace were worth $6,276,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of HWM. JPMorgan Chase & Co. boosted its stake in Howmet Aerospace by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company's stock valued at $1,775,578,000 after buying an additional 1,336,592 shares in the last quarter. AustralianSuper Pty Ltd lifted its holdings in shares of Howmet Aerospace by 1,000.0% in the fourth quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company's stock worth $101,772,000 after acquiring an additional 845,941 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Howmet Aerospace in the 4th quarter valued at approximately $61,740,000. Geode Capital Management LLC grew its holdings in shares of Howmet Aerospace by 5.0% during the 3rd quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company's stock valued at $949,382,000 after purchasing an additional 453,275 shares during the last quarter. Finally, State Street Corp increased its position in Howmet Aerospace by 2.3% during the 3rd quarter. State Street Corp now owns 17,440,176 shares of the company's stock worth $1,748,378,000 after purchasing an additional 384,171 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

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Analyst Ratings Changes

Several research firms recently weighed in on HWM. The Goldman Sachs Group raised their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. lifted their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Barclays upped their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Wells Fargo & Company lifted 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, Morgan Stanley increased their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.28.

Howmet Aerospace Stock Up 1.1 %

Shares of Howmet Aerospace stock traded up $1.54 during trading on Tuesday, reaching $137.64. 2,661,608 shares of the company traded hands, compared to its average volume of 2,634,124. 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 firm has a market capitalization of $55.75 billion, a PE ratio of 48.81, a P/E/G ratio of 1.92 and a beta of 1.54. The company has a 50 day moving average price of $128.52 and a 200-day moving average price of $114.90. Howmet Aerospace Inc. has a 1-year low of $62.80 and a 1-year high of $140.55.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.03. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. As a group, equities research analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share 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 issued a dividend of $0.10 per share. 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 yield of 0.29%. Howmet Aerospace's dividend payout ratio 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.