Howmet Aerospace Inc. (NYSE:HWM) Stake Lifted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 16.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 476,051 shares of the company's stock after acquiring an additional 67,730 shares during the period. Envestnet Asset Management Inc. owned about 0.12% of Howmet Aerospace worth $52,066,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of HWM. Vista Investment Partners LLC purchased a new position in Howmet Aerospace in the fourth quarter worth approximately $531,000. Genesis Private Wealth LLC purchased a new position in shares of Howmet Aerospace in the 4th quarter valued at about $249,000. Ameritas Advisory Services LLC acquired a new stake in shares of Howmet Aerospace during the 4th quarter worth about $289,000. Geneos Wealth Management Inc. lifted its stake in Howmet Aerospace by 303.1% during the fourth quarter. Geneos Wealth Management Inc. now owns 10,960 shares of the company's stock worth $1,199,000 after purchasing an additional 8,241 shares during the last quarter. Finally, Park Avenue Securities LLC increased its stake in Howmet Aerospace by 150.5% in the fourth quarter. Park Avenue Securities LLC now owns 10,707 shares of the company's stock valued at $1,171,000 after purchasing an additional 6,433 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Performance

Shares of HWM traded down $3.31 during midday trading on Tuesday, hitting $124.15. 2,255,262 shares of the stock traded hands, compared to its average volume of 2,748,723. The business's 50 day moving average price is $128.79 and its two-hundred day moving average price is $118.35. The firm has a market capitalization of $50.28 billion, a PE ratio of 44.02, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. Howmet Aerospace Inc. has a 1-year low of $62.80 and a 1-year high of $140.55.

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Howmet Aerospace (NYSE:HWM - Get Free Report) last posted 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 during the quarter, compared to analysts' expectations of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. Equities research analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. Howmet Aerospace's dividend payout ratio (DPR) is presently 14.18%.

Analyst Ratings Changes

Several analysts have recently weighed in on HWM shares. Truist Financial reissued a "buy" rating and issued a $140.00 target price (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Morgan Stanley lifted their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. raised their price objective 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 target price 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. Finally, The Goldman Sachs Group upped their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, Howmet Aerospace currently has an average rating of "Moderate Buy" and an average target price of $122.50.

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.