Mediolanum International Funds Ltd Boosts Stake in Howmet Aerospace Inc. (NYSE:HWM)

Mediolanum International Funds Ltd raised its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 43.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,345 shares of the company’s stock after buying an additional 32,099 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Howmet Aerospace were worth $11,589,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in HWM. Creative Planning increased its position in Howmet Aerospace by 11.7% in the second quarter. Creative Planning now owns 45,633 shares of the company’s stock worth $3,542,000 after purchasing an additional 4,773 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Howmet Aerospace by 7.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,609 shares of the company’s stock worth $203,000 after buying an additional 178 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Howmet Aerospace by 37.4% in the 2nd quarter. Cetera Investment Advisers now owns 58,948 shares of the company’s stock worth $4,576,000 after buying an additional 16,055 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Howmet Aerospace during the 2nd quarter valued at about $1,533,000. Finally, Massmutual Trust Co. FSB ADV lifted its holdings 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 acquiring an additional 124 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

HWM has been the topic of several analyst reports. 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 note on Thursday, November 7th. Wells Fargo & Company increased their price target on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Truist Financial lifted their price objective on shares of Howmet Aerospace from $128.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Barclays increased their target price on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Finally, Sanford C. Bernstein lifted their price target on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research note 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $115.71.

Howmet Aerospace Stock Down 0.7 %

Shares of NYSE:HWM opened at $126.45 on Friday. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. The business’s 50 day moving average is $116.82 and its 200 day moving average is $104.44. The stock has a market cap 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 Inc. has a 52-week low of $55.89 and a 52-week high of $129.10.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, February 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio (DPR) is currently 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.