Blue Trust Inc. Grows Position in Howmet Aerospace Inc. (NYSE:HWM)

Blue Trust Inc. raised its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 66.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,243 shares of the company’s stock after acquiring an additional 1,701 shares during the quarter. Blue Trust Inc.’s holdings in Howmet Aerospace were worth $425,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of Howmet Aerospace by 8.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock worth $1,775,578,000 after acquiring an additional 1,336,592 shares during the period. State Street Corp boosted its position 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 purchasing an additional 384,171 shares in the last quarter. Geode Capital Management LLC grew its holdings in Howmet Aerospace by 5.0% in the third quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock valued at $949,382,000 after purchasing an additional 453,275 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Howmet Aerospace by 5.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company’s stock valued at $231,101,000 after buying an additional 114,457 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its stake in shares of Howmet Aerospace by 12.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 1,378,141 shares of the company’s stock worth $138,159,000 after buying an additional 150,387 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Down 0.7 %

Shares of HWM opened at $126.45 on Friday. The stock’s fifty day simple moving average is $116.82 and its 200 day simple moving average is $104.44. Howmet Aerospace Inc. has a twelve month low of $55.89 and a twelve month high of $129.10. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $51.37 billion, a P/E ratio of 48.26, a price-to-earnings-growth ratio of 1.42 and a beta of 1.49.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s payout ratio is presently 12.21%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HWM. Sanford C. Bernstein increased their price objective on shares of Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Truist Financial lifted their price objective on Howmet Aerospace from $128.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Royal Bank of Canada increased their target price on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. KeyCorp downgraded Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Finally, Robert W. Baird lifted their price objective on Howmet Aerospace from $113.00 to $144.00 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 assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Howmet Aerospace presently has an average rating of “Moderate Buy” and an average target price of $115.71.

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.