MML Investors Services LLC Raises Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

MML Investors Services LLC boosted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 22.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,073 shares of the company’s stock after acquiring an additional 8,576 shares during the quarter. MML Investors Services LLC’s holdings in Howmet Aerospace were worth $5,039,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Murphy & Mullick Capital Management Corp bought a new stake in shares of Howmet Aerospace during the fourth quarter valued at approximately $25,000. Meeder Asset Management Inc. lifted its holdings in shares of Howmet Aerospace by 208.1% in the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock worth $25,000 after buying an additional 154 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in shares of Howmet Aerospace in the 4th quarter worth $25,000. R Squared Ltd bought a new position in shares of Howmet Aerospace during the 4th quarter worth $26,000. Finally, Washington Trust Advisors Inc. purchased a new position in shares of Howmet Aerospace during the fourth quarter valued at $29,000. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Up 1.7 %

NYSE HWM opened at $135.83 on Friday. Howmet Aerospace Inc. has a 12-month low of $64.71 and a 12-month high of $140.55. The company has a fifty day simple moving average of $128.06 and a two-hundred day simple moving average of $119.66. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The stock has a market cap of $54.94 billion, a P/E ratio of 48.17, a P/E/G ratio of 1.92 and a beta of 1.25.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. On average, analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be given a $0.10 dividend. The ex-dividend date is Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a yield of 0.29%. Howmet Aerospace’s dividend payout ratio is currently 14.18%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on HWM shares. Truist Financial lowered their price objective on shares of Howmet Aerospace from $140.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Wells Fargo & Company reiterated an “equal weight” rating and set a $118.00 price objective (down from $132.00) on shares of Howmet Aerospace in a research note on Tuesday, April 15th. Morgan Stanley boosted their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Barclays increased their target price on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. boosted their price target on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Howmet Aerospace has a consensus rating of “Moderate Buy” and an average target price of $125.06.

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.