Howmet Aerospace Inc. $HWM Shares Acquired by Prospera Financial Services Inc

Prospera Financial Services Inc increased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 113.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,783 shares of the company’s stock after buying an additional 13,704 shares during the quarter. Prospera Financial Services Inc’s holdings in Howmet Aerospace were worth $5,059,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Traub Capital Management LLC acquired a new stake in Howmet Aerospace during the 2nd quarter worth about $25,000. Winnow Wealth LLC acquired a new position in shares of Howmet Aerospace in the second quarter valued at about $25,000. Newbridge Financial Services Group Inc. raised its stake in shares of Howmet Aerospace by 119.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after purchasing an additional 73 shares during the last quarter. Tradewinds Capital Management LLC lifted its holdings in shares of Howmet Aerospace by 52.0% during the third quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock worth $30,000 after purchasing an additional 52 shares during the period. Finally, Atlantic Union Bankshares Corp purchased a new stake in Howmet Aerospace in the second quarter valued at approximately $32,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Up 3.0%

HWM stock opened at $231.17 on Thursday. Howmet Aerospace Inc. has a one year low of $105.04 and a one year high of $233.60. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 2.35. The firm’s fifty day moving average is $210.36 and its 200 day moving average is $197.17. The firm has a market cap of $92.94 billion, a PE ratio of 64.94, a P/E/G ratio of 2.13 and a beta of 1.26.

Howmet Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Friday, February 6th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, February 6th. Howmet Aerospace’s payout ratio is currently 13.48%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HWM shares. iA Financial set a $240.00 price target on shares of Howmet Aerospace in a research report on Monday, November 3rd. BNP Paribas Exane began coverage on shares of Howmet Aerospace in a report on Tuesday, November 18th. They set an “outperform” rating and a $240.00 target price for the company. Morgan Stanley set a $225.00 target price on shares of Howmet Aerospace and gave the company an “overweight” rating in a research report on Friday, October 31st. Wall Street Zen raised Howmet Aerospace from a “hold” rating to a “buy” rating in a research report on Sunday, January 18th. Finally, Truist Financial set a $258.00 price objective on Howmet Aerospace in a report on Friday, January 9th. One equities research 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 MarketBeat, Howmet Aerospace has a consensus rating of “Moderate Buy” and an average target price 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.