Fulton Breakefield Broenniman LLC Sells 2,434 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Fulton Breakefield Broenniman LLC cut its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 211,964 shares of the company's stock after selling 2,434 shares during the quarter. Howmet Aerospace accounts for 1.7% of Fulton Breakefield Broenniman LLC's investment portfolio, making the stock its 18th largest holding. Fulton Breakefield Broenniman LLC owned about 0.05% of Howmet Aerospace worth $23,182,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Public Sector Pension Investment Board boosted its holdings in Howmet Aerospace by 67.8% in the second quarter. Public Sector Pension Investment Board now owns 14,955 shares of the company's stock worth $1,161,000 after acquiring an additional 6,045 shares in the last quarter. AXA S.A. bought a new stake in Howmet Aerospace during the 2nd quarter worth approximately $2,628,000. Mackenzie Financial Corp raised its position in Howmet Aerospace by 0.7% in the 2nd quarter. Mackenzie Financial Corp now owns 33,922 shares of the company's stock valued at $2,633,000 after buying an additional 246 shares during the last quarter. Creative Planning grew its holdings in shares of Howmet Aerospace by 11.7% in the second quarter. Creative Planning now owns 45,633 shares of the company's stock valued at $3,542,000 after acquiring an additional 4,773 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in Howmet Aerospace by 7.0% in the second quarter. NewEdge Advisors LLC now owns 49,885 shares of the company's stock worth $3,873,000 after purchasing an additional 3,245 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Price Performance

Shares of NYSE HWM traded up $0.63 during mid-day trading on Wednesday, reaching $127.04. 678,433 shares of the company were exchanged, compared to its average volume of 2,751,064. The stock has a market capitalization of $51.61 billion, a PE ratio of 48.49, a PEG ratio of 1.43 and a beta of 1.49. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. Howmet Aerospace Inc. has a 52 week low of $55.66 and a 52 week high of $129.10. The company's 50 day moving average price is $116.46 and its 200 day moving average price is $104.13.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, February 7th. Howmet Aerospace's dividend payout ratio (DPR) is currently 12.21%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. UBS Group increased their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Wells Fargo & Company raised their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. KeyCorp lowered Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a report on Thursday, October 24th. Sanford C. Bernstein boosted their target price on Howmet Aerospace from $113.00 to $127.00 and gave the company an "outperform" rating in a research note on Monday, October 21st. Finally, Robert W. Baird increased their price target on Howmet Aerospace from $113.00 to $144.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $115.71.

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.