Prospera Financial Services Inc Boosts Stock Position in Howmet Aerospace Inc. $HWM

Prospera Financial Services Inc increased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 113.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 25,783 shares of the company’s stock after acquiring an additional 13,704 shares during the period. Prospera Financial Services Inc’s holdings in Howmet Aerospace were worth $5,059,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HWM. Voya Investment Management LLC lifted its holdings in Howmet Aerospace by 9.1% during the third quarter. Voya Investment Management LLC now owns 1,247,220 shares of the company’s stock valued at $244,742,000 after purchasing an additional 104,207 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Howmet Aerospace by 59.2% during the 3rd quarter. Nordea Investment Management AB now owns 1,401,335 shares of the company’s stock worth $273,288,000 after purchasing an additional 521,180 shares during the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC purchased a new position in Howmet Aerospace in the 3rd quarter valued at about $1,581,000. LBP AM SA boosted its holdings in Howmet Aerospace by 18.0% in the 3rd quarter. LBP AM SA now owns 68,499 shares of the company’s stock worth $13,442,000 after buying an additional 10,460 shares during the last quarter. Finally, Greenup Street Wealth Management LLC increased its stake in Howmet Aerospace by 76.3% during the 3rd quarter. Greenup Street Wealth Management LLC now owns 20,972 shares of the company’s stock worth $4,115,000 after buying an additional 9,078 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Stock Up 3.0%

Shares of NYSE:HWM opened at $231.17 on Thursday. Howmet Aerospace Inc. has a 52-week low of $105.04 and a 52-week high of $233.60. The stock has a market cap of $92.94 billion, a P/E ratio of 64.94, a PEG ratio of 2.13 and a beta of 1.26. The business has a fifty day moving average of $210.36 and a two-hundred day moving average of $197.17. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Investors 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 dividend on an annualized basis and a dividend yield of 0.2%. Howmet Aerospace’s dividend payout ratio is currently 13.48%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on HWM shares. Bank of America increased their target price on Howmet Aerospace from $215.00 to $250.00 and gave the company a “buy” rating in a report on Friday, November 14th. Truist Financial set a $258.00 price objective on Howmet Aerospace in a report on Friday, January 9th. Citigroup lifted their target price on shares of Howmet Aerospace from $246.00 to $255.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Susquehanna reiterated a “positive” rating and issued a $255.00 target price on shares of Howmet Aerospace in a research report on Thursday, January 15th. Finally, iA Financial set a $240.00 price target on shares of Howmet Aerospace in a research note on Monday, November 3rd. One investment 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 presently has a consensus rating of “Moderate Buy” and an average target price of $224.53.

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.