Elm3 Financial Group LLC Takes Position in Howmet Aerospace Inc. (NYSE:HWM)

Elm3 Financial Group LLC acquired a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 8,443 shares of the company’s stock, valued at approximately $923,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its stake in Howmet Aerospace by 7.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,609 shares of the company’s stock valued at $203,000 after purchasing an additional 178 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Howmet Aerospace by 37.4% in the second quarter. Cetera Investment Advisers now owns 58,948 shares of the company’s stock valued at $4,576,000 after buying an additional 16,055 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Howmet Aerospace during the 2nd quarter worth $1,533,000. Czech National Bank raised its stake in shares of Howmet Aerospace by 12.5% during the 3rd quarter. Czech National Bank now owns 83,143 shares of the company’s stock worth $8,335,000 after buying an additional 9,248 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Howmet Aerospace by 38.6% in the 3rd quarter. GAMMA Investing LLC now owns 7,214 shares of the company’s stock worth $723,000 after buying an additional 2,008 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

Howmet Aerospace stock opened at $127.89 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. Howmet Aerospace Inc. has a 12 month low of $57.66 and a 12 month high of $129.10. The company has a market cap of $51.96 billion, a price-to-earnings ratio of 48.81, a price-to-earnings-growth ratio of 1.43 and a beta of 1.50. The stock’s 50-day moving average is $117.59 and its 200-day moving average is $105.95.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, February 7th. Howmet Aerospace’s payout ratio is 12.21%.

Analyst Ratings Changes

HWM has been the subject of a number of research reports. Truist Financial lifted their target price on shares of Howmet Aerospace from $128.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Wells Fargo & Company lifted their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Sanford C. Bernstein increased their target price on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Barclays boosted their price target on Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Finally, Robert W. Baird increased their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $115.71.

About Howmet Aerospace

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.