Howmet Aerospace Inc. $HWM Shares Purchased by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. grew its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 20.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 153,889 shares of the company’s stock after purchasing an additional 25,957 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Howmet Aerospace were worth $30,198,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HWM. Wesbanco Bank Inc. raised its position in Howmet Aerospace by 1.4% during the 3rd quarter. Wesbanco Bank Inc. now owns 5,659 shares of the company’s stock worth $1,110,000 after buying an additional 78 shares during the last quarter. First National Trust Co increased its stake in shares of Howmet Aerospace by 6.3% during the third quarter. First National Trust Co now owns 34,983 shares of the company’s stock worth $6,865,000 after acquiring an additional 2,078 shares during the period. Wealthfront Advisers LLC raised its holdings in Howmet Aerospace by 0.4% during the third quarter. Wealthfront Advisers LLC now owns 89,498 shares of the company’s stock worth $17,562,000 after purchasing an additional 350 shares in the last quarter. Navellier & Associates Inc. boosted its holdings in Howmet Aerospace by 9.6% in the 3rd quarter. Navellier & Associates Inc. now owns 78,174 shares of the company’s stock valued at $15,340,000 after purchasing an additional 6,844 shares in the last quarter. Finally, Prospera Financial Services Inc boosted its holdings in Howmet Aerospace by 113.5% in the 3rd quarter. Prospera Financial Services Inc now owns 25,783 shares of the company’s stock valued at $5,059,000 after purchasing an additional 13,704 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Truist Financial set a $258.00 price target on shares of Howmet Aerospace in a report on Friday, January 9th. Citigroup boosted their price objective on shares of Howmet Aerospace from $246.00 to $255.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $247.00 target price on shares of Howmet Aerospace in a research note on Tuesday, January 6th. TD Cowen reissued a “buy” rating on shares of Howmet Aerospace in a research note on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Howmet Aerospace in a research report on Thursday, January 22nd. One equities 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $224.53.

Howmet Aerospace Trading Down 0.2%

Shares of HWM opened at $224.73 on Wednesday. Howmet Aerospace Inc. has a twelve month low of $105.04 and a twelve month high of $227.51. The firm has a market capitalization of $90.35 billion, a P/E ratio of 63.13, a price-to-earnings-growth ratio of 2.13 and a beta of 1.26. The company has a current ratio of 2.35, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63. The stock’s fifty day simple moving average is $209.62 and its 200 day simple moving average is $196.94.

Howmet Aerospace Dividend Announcement

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