Strengthening Families & Communities LLC Sells 11,309 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Strengthening Families & Communities LLC lowered its position in Howmet Aerospace Inc. (NYSE:HWM) by 80.3% during the 4th quarter, Holdings Channel reports. The fund owned 2,781 shares of the company’s stock after selling 11,309 shares during the period. Strengthening Families & Communities LLC’s holdings in Howmet Aerospace were worth $304,000 as of its most recent SEC filing.

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

Howmet Aerospace Trading Up 0.4 %

Howmet Aerospace stock opened at $128.15 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. Howmet Aerospace Inc. has a fifty-two week low of $58.34 and a fifty-two week high of $129.69. The stock has a market cap of $52.06 billion, a P/E ratio of 48.91, a PEG ratio of 1.45 and a beta of 1.50. The firm’s fifty day moving average price is $118.01 and its 200-day moving average price is $106.80.

Howmet Aerospace Increases Dividend

The firm also recently declared 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 of this dividend is Friday, February 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio (DPR) is presently 15.27%.

Wall Street Analysts Forecast Growth

HWM has been the subject of several research reports. KeyCorp lowered Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Sanford C. Bernstein increased their price target on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. UBS Group lifted their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Wells Fargo & Company upped their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Finally, Truist Financial lifted their target price on shares of Howmet Aerospace from $128.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Howmet Aerospace currently has an average rating of “Moderate Buy” and a consensus target price of $115.71.

About Howmet Aerospace

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.