Howmet Aerospace Inc. (NYSE:HWM) Stock Position Raised by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lifted its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 15.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,822 shares of the company's stock after purchasing an additional 3,444 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Howmet Aerospace were worth $2,824,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of HWM. OneDigital Investment Advisors LLC grew its stake in shares of Howmet Aerospace by 2.4% in the third quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company's stock worth $527,000 after purchasing an additional 124 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in shares of Howmet Aerospace by 2.7% in the third quarter. Mutual of America Capital Management LLC now owns 50,266 shares of the company's stock worth $5,039,000 after purchasing an additional 1,343 shares in the last quarter. Quest Partners LLC grew its stake 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 purchasing an additional 684 shares in the last quarter. Pathstone Holdings LLC grew its stake in shares of Howmet Aerospace by 4.2% in the third quarter. Pathstone Holdings LLC now owns 48,476 shares of the company's stock worth $4,860,000 after purchasing an additional 1,940 shares in the last quarter. Finally, Caprock Group LLC grew its stake in shares of Howmet Aerospace by 1.0% in the third quarter. Caprock Group LLC now owns 11,179 shares of the company's stock worth $1,121,000 after purchasing an additional 106 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

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Analysts Set New Price Targets

HWM has been the subject of several research reports. JPMorgan Chase & Co. raised their target price on Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Morgan Stanley raised their target price on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Truist Financial reaffirmed a "buy" rating and set a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Wells Fargo & Company raised their target price on Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. Finally, The Goldman Sachs Group raised their target price on Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $123.28.

Howmet Aerospace Stock Down 0.7 %

Howmet Aerospace stock traded down $0.97 during mid-day trading on Friday, hitting $130.70. The company's stock had a trading volume of 3,841,393 shares, compared to its average volume of 2,635,864. The firm's 50 day moving average is $128.09 and its 200 day moving average is $114.46. The company has a market cap of $52.94 billion, a PE ratio of 46.35, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54. 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 Inc. has a 52-week low of $62.80 and a 52-week high of $140.55.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share (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 the consensus estimate of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. On average, analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were paid a $0.10 dividend. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.31%. The ex-dividend date was Friday, February 7th. Howmet Aerospace's dividend payout ratio is currently 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.