Tower Research Capital LLC TRC Has $3.02 Million Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Tower Research Capital LLC TRC boosted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 183.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,640 shares of the company's stock after purchasing an additional 17,879 shares during the quarter. Tower Research Capital LLC TRC's holdings in Howmet Aerospace were worth $3,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of HWM. Private Trust Co. NA boosted its position in shares of Howmet Aerospace by 28.0% during the 4th quarter. Private Trust Co. NA now owns 407 shares of the company's stock worth $45,000 after purchasing an additional 89 shares in the last quarter. O Neil Global Advisors Inc. grew its position in Howmet Aerospace by 0.5% during the fourth quarter. O Neil Global Advisors Inc. now owns 19,527 shares of the company's stock worth $2,136,000 after buying an additional 90 shares during the period. Brooklyn Investment Group increased its holdings in Howmet Aerospace by 6.1% in the fourth quarter. Brooklyn Investment Group now owns 1,678 shares of the company's stock valued at $183,000 after buying an additional 97 shares in the last quarter. Frank Rimerman Advisors LLC lifted its position in shares of Howmet Aerospace by 0.7% during the 4th quarter. Frank Rimerman Advisors LLC now owns 15,035 shares of the company's stock valued at $1,644,000 after acquiring an additional 100 shares during the period. Finally, Guyasuta Investment Advisors Inc. boosted its stake in shares of Howmet Aerospace by 1.4% during the 4th quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company's stock worth $838,000 after acquiring an additional 104 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Up 1.7 %

Shares of NYSE:HWM traded up $2.34 during midday trading on Friday, reaching $135.83. The company had a trading volume of 1,603,263 shares, compared to its average volume of 2,740,384. Howmet Aerospace Inc. has a one year low of $63.64 and a one year high of $140.55. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The stock has a market capitalization of $54.94 billion, a P/E ratio of 48.17, a PEG ratio of 1.92 and a beta of 1.25. The stock's fifty day moving average price is $128.08 and its 200-day moving average price is $119.43.

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 for the quarter, compared to analysts' expectations of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. Equities research analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend is Friday, May 9th. Howmet Aerospace's dividend payout ratio (DPR) is presently 14.18%.

Wall Street Analysts Forecast Growth

HWM has been the topic of several research reports. Barclays upped their target price on Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. Truist Financial cut their price objective on Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. The Goldman Sachs Group raised their price target on Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. lifted their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Howmet Aerospace has a consensus rating of "Moderate Buy" and an average price target of $125.06.

Howmet Aerospace 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.