HighTower Advisors LLC Sells 2,694 Shares of Howmet Aerospace Inc. (NYSE:HWM)

HighTower Advisors LLC trimmed its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 8.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,963 shares of the company's stock after selling 2,694 shares during the period. HighTower Advisors LLC's holdings in Howmet Aerospace were worth $3,058,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of HWM. JPMorgan Chase & Co. lifted its position in shares of Howmet Aerospace by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company's stock worth $1,775,578,000 after buying an additional 1,336,592 shares during the last quarter. State Street Corp raised its stake in Howmet Aerospace by 2.3% during the third quarter. State Street Corp now owns 17,440,176 shares of the company's stock worth $1,748,378,000 after acquiring an additional 384,171 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Howmet Aerospace by 5.0% in the third quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company's stock worth $949,382,000 after acquiring an additional 453,275 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Howmet Aerospace by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,351,189 shares of the company's stock valued at $257,150,000 after purchasing an additional 45,940 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in shares of Howmet Aerospace by 20.9% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,665,924 shares of the company's stock valued at $182,202,000 after purchasing an additional 287,783 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of analysts have weighed in on the stock. Truist Financial restated a "buy" rating and issued a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Wells Fargo & Company raised their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. The Goldman Sachs Group upped their target price on Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Barclays lifted their price target on Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Finally, Morgan Stanley upped their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $123.28.

Howmet Aerospace Stock Up 1.1 %

Howmet Aerospace stock traded up $1.54 during midday trading on Tuesday, reaching $137.64. The stock had a trading volume of 2,661,585 shares, compared to its average volume of 2,634,124. The company has a fifty day moving average price of $128.52 and a two-hundred day moving average price of $114.90. Howmet Aerospace Inc. has a 12 month low of $62.80 and a 12 month high of $140.55. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $55.75 billion, a P/E ratio of 48.81, a PEG ratio of 1.92 and a beta of 1.54.

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 (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. As a group, equities analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were paid a $0.10 dividend. The ex-dividend date was Friday, February 7th. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.29%. Howmet Aerospace's dividend payout ratio is 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.