Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by RFG Advisory LLC

RFG Advisory LLC trimmed its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 8.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,422 shares of the company’s stock after selling 220 shares during the period. RFG Advisory LLC’s holdings in Howmet Aerospace were worth $265,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of HWM. Terra Nova Asset Management LLC bought a new stake in shares of Howmet Aerospace in the 3rd quarter worth about $1,264,000. Stifel Financial Corp lifted its holdings in Howmet Aerospace by 12.1% during the 3rd quarter. Stifel Financial Corp now owns 263,830 shares of the company’s stock worth $26,450,000 after buying an additional 28,568 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Howmet Aerospace by 1,258.3% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company’s stock worth $206,000 after acquiring an additional 1,900 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Howmet Aerospace by 135.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 26,159 shares of the company’s stock valued at $2,622,000 after acquiring an additional 15,070 shares during the last quarter. Finally, Genesis Private Wealth LLC acquired a new stake in shares of Howmet Aerospace during the 4th quarter valued at approximately $249,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Robert W. Baird increased their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Susquehanna lifted their target price on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th. Truist Financial increased their price target on Howmet Aerospace from $128.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, UBS Group boosted their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $115.71.

Howmet Aerospace Trading Up 3.6 %

Shares of NYSE:HWM opened at $126.51 on Wednesday. The company has a 50 day moving average of $116.25 and a 200-day moving average of $103.80. 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 cap of $51.40 billion, a P/E ratio of 48.29, a P/E/G ratio of 1.43 and a beta of 1.49. Howmet Aerospace Inc. has a twelve month low of $55.33 and a twelve month high of $129.10.

Howmet Aerospace Increases Dividend

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

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.