Moloney Securities Asset Management LLC Invests $969,000 in Howmet Aerospace Inc. (NYSE:HWM)

Moloney Securities Asset Management LLC purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,858 shares of the company’s stock, valued at approximately $969,000.

A number of other large investors have also made changes to their positions in HWM. Brooklyn Investment Group increased its holdings in shares of Howmet Aerospace by 6.1% in the fourth quarter. Brooklyn Investment Group now owns 1,678 shares of the company’s stock worth $183,000 after acquiring an additional 97 shares in the last quarter. Caprock Group LLC grew its position in shares of Howmet Aerospace by 1.0% in the 3rd quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock valued at $1,121,000 after purchasing an additional 106 shares during the period. Perigon Wealth Management LLC increased its stake in Howmet Aerospace by 4.1% during the 4th quarter. Perigon Wealth Management LLC now owns 2,904 shares of the company’s stock worth $318,000 after purchasing an additional 115 shares in the last quarter. Versant Capital Management Inc raised its holdings in Howmet Aerospace by 18.7% during the 4th quarter. Versant Capital Management Inc now owns 744 shares of the company’s stock worth $81,000 after buying an additional 117 shares during the period. Finally, Avitas Wealth Management LLC lifted its stake in Howmet Aerospace by 0.5% in the fourth quarter. Avitas Wealth Management LLC now owns 24,692 shares of the company’s stock valued at $2,701,000 after buying an additional 123 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

NYSE HWM opened at $127.67 on Monday. The firm’s fifty day moving average price is $118.01 and its two-hundred day moving average price is $106.61. Howmet Aerospace Inc. has a 1 year low of $58.34 and a 1 year high of $129.69. The firm has a market capitalization of $51.87 billion, a P/E ratio of 48.73, a price-to-earnings-growth ratio of 1.45 and a beta of 1.50. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76.

Howmet Aerospace Increases Dividend

The company also recently announced 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. This represents a $0.40 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend is Friday, February 7th. Howmet Aerospace’s dividend payout ratio (DPR) is 12.21%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HWM. Barclays increased their price objective on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Truist Financial increased their target price on Howmet Aerospace from $128.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Sanford C. Bernstein boosted their price target on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Robert W. Baird increased their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company lifted their target price on Howmet Aerospace from $129.00 to $132.00 and gave the company 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $115.71.

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.