Howmet Aerospace Inc. (NYSE:HWM) Shares Acquired by MML Investors Services LLC

MML Investors Services LLC increased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 7.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,497 shares of the company’s stock after purchasing an additional 2,442 shares during the quarter. MML Investors Services LLC’s holdings in Howmet Aerospace were worth $3,759,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cultivar Capital Inc. purchased a new position in Howmet Aerospace during the 2nd quarter worth $26,000. RiverPark Advisors LLC purchased a new position in Howmet Aerospace during the third quarter worth about $26,000. LGT Financial Advisors LLC boosted its holdings in Howmet Aerospace by 278.7% in the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock valued at $28,000 after purchasing an additional 262 shares in the last quarter. Hollencrest Capital Management acquired a new position in Howmet Aerospace during the 3rd quarter worth approximately $30,000. Finally, Rothschild Investment LLC purchased a new position in shares of Howmet Aerospace during the 2nd quarter worth approximately $32,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HWM has been the topic of a number of analyst reports. Royal Bank of Canada lifted their price target on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. UBS Group upped their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Truist Financial raised their price objective on shares of Howmet Aerospace from $123.00 to $128.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Wells Fargo & Company upped their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Susquehanna lifted their price target on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, Howmet Aerospace has an average rating of “Moderate Buy” and a consensus target price of $115.59.

Howmet Aerospace Price Performance

HWM stock opened at $113.47 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The stock’s 50 day moving average price is $110.03 and its 200 day moving average price is $95.99. The firm has a market cap of $46.10 billion, a P/E ratio of 43.31, a PEG ratio of 1.56 and a beta of 1.48. Howmet Aerospace Inc. has a 1 year low of $52.36 and a 1 year high of $120.71.

Howmet Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date was Friday, November 8th. Howmet Aerospace’s payout ratio is currently 12.21%.

Howmet Aerospace Profile

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.