Highland Capital Management LLC Reduces Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Highland Capital Management LLC lessened its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 1.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 11,457 shares of the company’s stock after selling 188 shares during the period. Highland Capital Management LLC’s holdings in Howmet Aerospace were worth $1,253,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of HWM. Brooklyn Investment Group grew its holdings in Howmet Aerospace by 6.1% during the fourth quarter. Brooklyn Investment Group now owns 1,678 shares of the company’s stock worth $183,000 after acquiring an additional 97 shares during the period. Caprock Group LLC grew its stake in shares of Howmet Aerospace by 1.0% during the 3rd quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock worth $1,121,000 after purchasing an additional 106 shares during the period. Perigon Wealth Management LLC grew its stake in shares of Howmet Aerospace by 4.1% during the 4th quarter. Perigon Wealth Management LLC now owns 2,904 shares of the company’s stock worth $318,000 after purchasing an additional 115 shares during the period. Versant Capital Management Inc increased its holdings in shares of Howmet Aerospace by 18.7% during the 4th quarter. Versant Capital Management Inc now owns 744 shares of the company’s stock valued at $81,000 after purchasing an additional 117 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of Howmet Aerospace by 6.8% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company’s stock valued at $195,000 after purchasing an additional 124 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

HWM stock opened at $127.30 on Friday. Howmet Aerospace Inc. has a 1 year low of $55.89 and a 1 year high of $129.10. 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 firm has a market capitalization of $51.72 billion, a PE ratio of 48.59, a price-to-earnings-growth ratio of 1.43 and a beta of 1.49. The business has a 50 day simple moving average of $116.62 and a 200-day simple moving average of $104.28.

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be issued a $0.10 dividend. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.31%. The ex-dividend date is Friday, February 7th. Howmet Aerospace’s dividend payout ratio is presently 12.21%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Truist Financial lifted their price objective on shares of Howmet Aerospace from $128.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. UBS Group increased their price target on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Wells Fargo & Company boosted their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Bank of America increased their target price on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Sanford C. Bernstein boosted their price target on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $115.71.

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.