Howmet Aerospace Inc. (NYSE:HWM) Shares Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC grew its position in Howmet Aerospace Inc. (NYSE:HWM) by 7.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,826 shares of the company’s stock after purchasing an additional 3,672 shares during the quarter. Yousif Capital Management LLC’s holdings in Howmet Aerospace were worth $5,887,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in shares of Howmet Aerospace by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock worth $1,775,578,000 after buying an additional 1,336,592 shares during the last quarter. State Street Corp boosted its position in shares of Howmet Aerospace by 2.3% in the 3rd quarter. State Street Corp now owns 17,440,176 shares of the company’s stock valued at $1,748,378,000 after purchasing an additional 384,171 shares during the period. Geode Capital Management LLC increased its position in Howmet Aerospace by 5.0% during the third quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock worth $949,382,000 after buying an additional 453,275 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Howmet Aerospace by 5.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company’s stock valued at $231,101,000 after buying an additional 114,457 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in Howmet Aerospace by 12.2% in the third quarter. Los Angeles Capital Management LLC now owns 1,378,141 shares of the company’s stock valued at $138,159,000 after buying an additional 150,387 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HWM. Truist Financial lifted their target price on shares of Howmet Aerospace from $128.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Royal Bank of Canada lifted their price objective on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Robert W. Baird increased their target price on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Bank of America boosted their price target on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company increased 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. One equities research 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $115.71.

Howmet Aerospace Stock Performance

Shares of HWM opened at $128.86 on Friday. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. Howmet Aerospace Inc. has a 52-week low of $58.34 and a 52-week high of $129.10. The company has a 50-day simple moving average of $117.59 and a 200-day simple moving average of $105.95. The company has a market capitalization of $52.35 billion, a PE ratio of 49.18, a P/E/G ratio of 1.43 and a beta of 1.50.

Howmet Aerospace Increases Dividend

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

Howmet Aerospace Company 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.