Braun Stacey Associates Inc. Sells 23,267 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Braun Stacey Associates Inc. cut its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 6.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 361,543 shares of the company’s stock after selling 23,267 shares during the period. Howmet Aerospace makes up approximately 1.5% of Braun Stacey Associates Inc.’s portfolio, making the stock its 14th biggest position. Braun Stacey Associates Inc. owned approximately 0.09% of Howmet Aerospace worth $39,542,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in HWM. Creative Planning grew its position in shares of Howmet Aerospace by 14.3% in the third quarter. Creative Planning now owns 52,170 shares of the company’s stock valued at $5,230,000 after purchasing an additional 6,537 shares in the last quarter. Vontobel Holding Ltd. increased its stake in shares of Howmet Aerospace by 5.7% during the third quarter. Vontobel Holding Ltd. now owns 3,876 shares of the company’s stock valued at $389,000 after buying an additional 208 shares during the period. Blue Trust Inc. grew its stake in Howmet Aerospace by 50.3% in the third quarter. Blue Trust Inc. now owns 2,542 shares of the company’s stock worth $255,000 after purchasing an additional 851 shares during the period. Raymond James & Associates lifted its stake in shares of Howmet Aerospace by 10.5% in the third quarter. Raymond James & Associates now owns 421,142 shares of the company’s stock worth $42,219,000 after buying an additional 39,933 shares in the last quarter. Finally, Clarus Group Inc. purchased a new stake in Howmet Aerospace during the 3rd quarter valued at $246,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Truist Financial reaffirmed a “buy” rating and issued a $140.00 price objective (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday. JPMorgan Chase & Co. lifted their price target on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday. Bank of America upped their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Robert W. Baird lifted their target price on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company increased their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Howmet Aerospace has an average rating of “Moderate Buy” and an average price target of $117.76.

Howmet Aerospace Stock Up 4.4 %

HWM opened at $133.66 on Tuesday. The business has a 50-day moving average of $119.45 and a two-hundred day moving average of $108.55. The stock has a market capitalization of $54.30 billion, a price-to-earnings ratio of 51.02, a price-to-earnings-growth ratio of 1.45 and a beta of 1.50. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. Howmet Aerospace Inc. has a 12 month low of $62.70 and a 12 month high of $133.92.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a net margin of 14.81% and a return on equity of 24.50%. On average, research analysts expect that Howmet Aerospace Inc. will post 2.66 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be issued a dividend of $0.10 per share. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.40 annualized dividend and a yield of 0.30%. Howmet Aerospace’s payout ratio is presently 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.