Howmet Aerospace Inc. $HWM Shares Sold by Jackson Square Partners LLC

Jackson Square Partners LLC lessened its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 22.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,349 shares of the company’s stock after selling 3,486 shares during the period. Jackson Square Partners LLC’s holdings in Howmet Aerospace were worth $2,423,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of HWM. Traub Capital Management LLC purchased a new stake in shares of Howmet Aerospace in the 2nd quarter valued at approximately $25,000. Winnow Wealth LLC purchased a new stake in shares of Howmet Aerospace during the 2nd quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. lifted its holdings in Howmet Aerospace by 119.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock valued at $25,000 after acquiring an additional 73 shares during the last quarter. Tradewinds Capital Management LLC grew its position in Howmet Aerospace by 52.0% in the third 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, Manning & Napier Advisors LLC purchased a new position in Howmet Aerospace in the third quarter worth approximately $32,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Up 6.6%

Shares of HWM stock opened at $223.44 on Friday. 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 50 day moving average price of $208.52 and a 200 day moving average price of $196.34. The stock has a market capitalization of $89.84 billion, a P/E ratio of 62.76, a price-to-earnings-growth ratio of 2.11 and a beta of 1.26. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 2.35.

Howmet Aerospace Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. The Goldman Sachs Group upped their price target on Howmet Aerospace from $205.00 to $226.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Citigroup upped their target price 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. UBS Group increased their target price on shares of Howmet Aerospace from $199.00 to $209.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Truist Financial set a $258.00 price target on shares of Howmet Aerospace in a research note on Friday, January 9th. Finally, Royal Bank Of Canada upped their price objective on shares of Howmet Aerospace from $210.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and an average price target of $224.53.

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.