Howmet Aerospace Inc. $HWM Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp raised its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 18.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,947 shares of the company’s stock after acquiring an additional 3,297 shares during the quarter. Jones Financial Companies Lllp’s holdings in Howmet Aerospace were worth $4,055,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in HWM. Traub Capital Management LLC purchased a new stake in Howmet Aerospace during the second quarter worth about $25,000. Winnow Wealth LLC purchased a new stake in shares of Howmet Aerospace during the 2nd quarter worth approximately $25,000. Newbridge Financial Services Group Inc. grew its holdings in shares of Howmet Aerospace by 119.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after acquiring an additional 73 shares during the period. Tradewinds Capital Management LLC grew its holdings in shares of Howmet Aerospace by 52.0% in the 3rd quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock worth $30,000 after acquiring an additional 52 shares during the period. Finally, Atlantic Union Bankshares Corp purchased a new position in Howmet Aerospace in the 2nd quarter valued at approximately $32,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on HWM shares. TD Cowen reissued a “buy” rating on shares of Howmet Aerospace in a report on Friday, October 31st. Morgan Stanley set a $225.00 target price on shares of Howmet Aerospace and gave the company an “overweight” rating in a report on Friday, October 31st. The Goldman Sachs Group lifted their target price on shares of Howmet Aerospace from $205.00 to $226.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $247.00 price target on shares of Howmet Aerospace in a research report on Tuesday, January 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Howmet Aerospace from $190.00 to $227.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $224.53.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $223.44 on Friday. The company has a market cap of $89.84 billion, a P/E ratio of 62.76, a P/E/G ratio of 1.98 and a beta of 1.26. The firm’s 50 day moving average is $208.52 and its two-hundred day moving average is $196.26. Howmet Aerospace Inc. has a fifty-two week low of $105.04 and a fifty-two week high of $226.87. The company has a quick ratio of 1.14, a current ratio of 2.35 and a debt-to-equity ratio of 0.63.

Howmet Aerospace Dividend Announcement

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

About Howmet Aerospace

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.