Highland Capital Management LLC Sells 188 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Highland Capital Management LLC cut its position in shares of Howmet Aerospace Inc. (NYSE:HWMFree Report) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,457 shares of the company’s stock after selling 188 shares during the period. Highland Capital Management LLC’s holdings in Howmet Aerospace were worth $1,253,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Mackenzie Financial Corp boosted its position in shares of Howmet Aerospace by 0.7% during the 2nd quarter. Mackenzie Financial Corp now owns 33,922 shares of the company’s stock valued at $2,633,000 after acquiring an additional 246 shares during the last quarter. Creative Planning lifted its position in Howmet Aerospace by 11.7% during the second quarter. Creative Planning now owns 45,633 shares of the company’s stock valued at $3,542,000 after purchasing an additional 4,773 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Howmet Aerospace by 7.0% in the 2nd quarter. NewEdge Advisors LLC now owns 49,885 shares of the company’s stock worth $3,873,000 after buying an additional 3,245 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Howmet Aerospace by 7.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,609 shares of the company’s stock worth $203,000 after buying an additional 178 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Howmet Aerospace by 37.4% in the 2nd quarter. Cetera Investment Advisers now owns 58,948 shares of the company’s stock valued at $4,576,000 after acquiring an additional 16,055 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Up 0.7 %

NYSE HWM opened at $127.30 on Friday. Howmet Aerospace Inc. has a one year low of $55.89 and a one year high of $129.10. 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 company has a market capitalization of $51.72 billion, a price-to-earnings ratio of 48.59, a price-to-earnings-growth ratio of 1.43 and a beta of 1.49. The company’s 50-day simple moving average is $116.62 and its two-hundred day simple moving average is $104.28.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be paid a $0.10 dividend. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. Howmet Aerospace’s payout ratio is 12.21%.

Analysts Set New Price Targets

A number of brokerages have issued reports on HWM. Sanford C. Bernstein upped their price objective on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Susquehanna raised their price target on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research report on Thursday, November 7th. Wells Fargo & Company boosted their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. KeyCorp cut shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada increased their price objective on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $115.71.

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Howmet Aerospace Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Howmet Aerospace (NYSE:HWM)

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