Freedom Investment Management Inc. Has $980,000 Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Freedom Investment Management Inc. increased its stake in Howmet Aerospace Inc. (NYSE:HWM) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,959 shares of the company’s stock after acquiring an additional 168 shares during the quarter. Freedom Investment Management Inc.’s holdings in Howmet Aerospace were worth $980,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP bought a new stake in shares of Howmet Aerospace in the 3rd quarter valued at $292,000. Wilmington Savings Fund Society FSB boosted its position in Howmet Aerospace by 45.8% during the third quarter. Wilmington Savings Fund Society FSB now owns 7,397 shares of the company’s stock valued at $742,000 after acquiring an additional 2,324 shares during the last quarter. Tidal Investments LLC grew its holdings in Howmet Aerospace by 60.0% during the 3rd quarter. Tidal Investments LLC now owns 56,490 shares of the company’s stock worth $5,663,000 after acquiring an additional 21,176 shares during the period. Franklin Resources Inc. raised its position in shares of Howmet Aerospace by 58.0% in the 3rd quarter. Franklin Resources Inc. now owns 570,476 shares of the company’s stock worth $58,559,000 after acquiring an additional 209,492 shares in the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in shares of Howmet Aerospace in the 3rd quarter valued at about $3,388,000. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Stock Performance

Howmet Aerospace stock opened at $123.21 on Friday. The firm’s fifty day moving average price is $128.40 and its 200-day moving average price is $118.86. Howmet Aerospace Inc. has a fifty-two week low of $62.80 and a fifty-two week high of $140.55. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The stock has a market cap of $49.90 billion, a P/E ratio of 43.69, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.88 billion. On average, equities research analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend is Friday, May 9th. Howmet Aerospace’s dividend payout ratio is presently 14.18%.

Analysts Set New Price Targets

Several research firms recently commented on HWM. Morgan Stanley lifted their target price on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Truist Financial lowered their price objective on shares of Howmet Aerospace from $140.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday. Wells Fargo & Company reissued an “equal weight” rating and set a $118.00 target price (down from $132.00) on shares of Howmet Aerospace in a research note on Tuesday, April 15th. The Goldman Sachs Group lifted their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $122.28.

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.