Strengthening Families & Communities LLC Buys 11,478 Shares of Howmet Aerospace Inc. $HWM

Strengthening Families & Communities LLC increased its position in Howmet Aerospace Inc. (NYSE:HWM) by 401.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,340 shares of the company’s stock after acquiring an additional 11,478 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Howmet Aerospace were worth $2,814,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Voya Investment Management LLC boosted its stake in shares of Howmet Aerospace by 9.1% in the 3rd 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 lifted its stake in Howmet Aerospace by 59.2% in the third 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. Shell Asset Management Co. boosted its position in Howmet Aerospace by 135.6% during the second quarter. Shell Asset Management Co. now owns 12,420 shares of the company’s stock valued at $2,312,000 after buying an additional 7,148 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC bought a new position in shares of Howmet Aerospace during the third quarter valued at about $1,581,000. Finally, Greenup Street Wealth Management LLC grew its stake in shares of Howmet Aerospace by 76.3% during the third quarter. Greenup Street Wealth Management LLC now owns 20,972 shares of the company’s stock valued at $4,115,000 after buying an additional 9,078 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock opened at $207.35 on Tuesday. The business has a 50 day moving average of $207.76 and a 200 day moving average of $195.66. Howmet Aerospace Inc. has a 52 week low of $105.04 and a 52 week high of $226.87. The company has a market cap of $83.37 billion, a PE ratio of 58.24, a P/E/G ratio of 1.97 and a beta of 1.26. 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Friday, February 6th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, February 6th. Howmet Aerospace’s dividend payout ratio (DPR) is currently 13.48%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. TD Cowen restated a “buy” rating on shares of Howmet Aerospace in a report on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Howmet Aerospace in a research report on Thursday, January 22nd. JPMorgan Chase & Co. increased their price objective on Howmet Aerospace from $190.00 to $227.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. Industrial Alliance Securities set a $240.00 target price on shares of Howmet Aerospace in a research note on Monday, November 3rd. Finally, Morgan Stanley set a $225.00 price target on shares of Howmet Aerospace and gave the company an “overweight” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $224.53.

Howmet Aerospace 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.