Howmet Aerospace Inc. (NYSE:HWM) Stock Holdings Reduced by Barrett & Company Inc.

Barrett & Company Inc. lowered its position in Howmet Aerospace Inc. (NYSE:HWM) by 1.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,906 shares of the company’s stock after selling 173 shares during the quarter. Barrett & Company Inc.’s holdings in Howmet Aerospace were worth $1,302,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HWM. JPMorgan Chase & Co. lifted its position in shares of Howmet Aerospace by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock worth $1,775,578,000 after buying an additional 1,336,592 shares during the last quarter. State Street Corp lifted its position in shares of Howmet Aerospace by 2.3% during the 3rd 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 during the last quarter. Geode Capital Management LLC lifted its position in shares of Howmet Aerospace by 5.0% during the 3rd quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock worth $949,382,000 after purchasing an additional 453,275 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Howmet Aerospace by 5.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company’s stock worth $231,101,000 after purchasing an additional 114,457 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its position 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 purchasing an additional 150,387 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HWM. Bank of America boosted their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Barclays boosted their price objective on Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Sanford C. Bernstein boosted their price objective on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Royal Bank of Canada boosted their price objective on Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, UBS Group upped their price target on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $115.71.

Howmet Aerospace Trading Up 0.8 %

HWM stock opened at $128.86 on Friday. Howmet Aerospace Inc. has a 1-year low of $58.34 and a 1-year high of $129.10. The firm has a market cap of $52.35 billion, a P/E ratio of 49.18, a P/E/G ratio of 1.43 and a beta of 1.50. The business’s 50 day moving average is $117.83 and its 200-day moving average is $106.11. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76.

Howmet Aerospace Increases Dividend

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

About Howmet Aerospace

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.