Moody Aldrich Partners LLC reduced its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 55.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,095 shares of the company's stock after selling 3,785 shares during the period. Moody Aldrich Partners LLC's holdings in Howmet Aerospace were worth $338,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of HWM. Terra Nova Asset Management LLC bought a new position in Howmet Aerospace during the 3rd quarter worth about $1,264,000. Stifel Financial Corp grew its position in Howmet Aerospace by 12.1% in the third quarter. Stifel Financial Corp now owns 263,830 shares of the company's stock valued at $26,450,000 after acquiring an additional 28,568 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Howmet Aerospace by 1,258.3% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company's stock worth $206,000 after purchasing an additional 1,900 shares during the period. Genesis Private Wealth LLC acquired a new stake in shares of Howmet Aerospace in the 4th quarter valued at about $249,000. Finally, Oppenheimer & Co. Inc. grew its position in Howmet Aerospace by 135.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 26,159 shares of the company's stock worth $2,622,000 after purchasing an additional 15,070 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.
Howmet Aerospace Price Performance
Shares of HWM stock traded up $0.94 during trading hours on Thursday, hitting $127.30. The stock had a trading volume of 2,418,872 shares, compared to its average volume of 2,802,414. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. The stock has a market capitalization of $51.72 billion, a price-to-earnings ratio of 48.59, a PEG ratio of 1.43 and a beta of 1.49. Howmet Aerospace Inc. has a one year low of $55.89 and a one year high of $129.10. The stock's 50-day moving average price is $116.62 and its two-hundred day moving average price is $104.28.
Howmet Aerospace Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, February 7th. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. Howmet Aerospace's dividend payout ratio is 12.21%.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the company. UBS Group raised their price target on Howmet Aerospace from $103.00 to $120.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Bank of America raised their price target on Howmet Aerospace from $100.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Sanford C. Bernstein boosted their target price on Howmet Aerospace from $113.00 to $127.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Wells Fargo & Company boosted their price objective 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, Royal Bank of Canada lifted their target price on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $115.71.
Get Our Latest Stock Report on HWM
Howmet Aerospace Profile
(
Free Report)
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.
Recommended Stories
Before you consider Howmet Aerospace, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Howmet Aerospace wasn't on the list.
While Howmet Aerospace currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
