Howmet Aerospace Inc. $HWM Shares Bought by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lifted its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 7.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 68,019 shares of the company’s stock after purchasing an additional 4,907 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Howmet Aerospace were worth $13,347,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HWM. MONECO Advisors LLC boosted its holdings in Howmet Aerospace by 7.8% in the third quarter. MONECO Advisors LLC now owns 2,659 shares of the company’s stock valued at $522,000 after purchasing an additional 192 shares during the period. HighPoint Advisor Group LLC grew its position in shares of Howmet Aerospace by 1.6% during the third quarter. HighPoint Advisor Group LLC now owns 26,567 shares of the company’s stock worth $5,213,000 after buying an additional 430 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Howmet Aerospace by 28.3% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 94,656 shares of the company’s stock worth $18,574,000 after buying an additional 20,894 shares during the period. SBI Securities Co. Ltd. raised its holdings in Howmet Aerospace by 14.3% in the third quarter. SBI Securities Co. Ltd. now owns 2,058 shares of the company’s stock valued at $404,000 after acquiring an additional 257 shares in the last quarter. Finally, Gallacher Capital Management LLC purchased a new position in Howmet Aerospace in the third quarter worth approximately $305,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HWM. Truist Financial set a $258.00 price objective on shares of Howmet Aerospace in a report on Friday, January 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Howmet Aerospace in a research report on Thursday, January 22nd. UBS Group raised their target price on Howmet Aerospace from $199.00 to $209.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Bank of America upped their price target on Howmet Aerospace from $215.00 to $250.00 and gave the company a “buy” rating in a report on Friday, November 14th. Finally, Wall Street Zen raised shares of Howmet Aerospace from a “hold” rating to a “buy” rating in a report on Sunday, January 18th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and an average price target of $224.53.

Howmet Aerospace Stock Performance

NYSE HWM traded up $8.80 on Friday, hitting $218.43. 94,816 shares of the company’s stock were exchanged, compared to its average volume of 2,637,453. The firm’s 50-day moving average price is $208.14 and its two-hundred day moving average price is $196.01. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.35 and a quick ratio of 1.14. The firm has a market cap of $87.82 billion, a price-to-earnings ratio of 61.22, a P/E/G ratio of 1.98 and a beta of 1.26. Howmet Aerospace Inc. has a fifty-two week low of $105.04 and a fifty-two week high of $226.87.

Howmet Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Friday, February 6th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a $0.48 annualized dividend and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio is 13.48%.

Howmet Aerospace Company Profile

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.