Empirical Finance LLC Has $1.42 Million Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Empirical Finance LLC trimmed its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 1.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,978 shares of the company’s stock after selling 137 shares during the period. Empirical Finance LLC’s holdings in Howmet Aerospace were worth $1,419,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of Howmet Aerospace by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock worth $1,775,578,000 after acquiring an additional 1,336,592 shares during the period. State Street Corp lifted its stake in Howmet Aerospace by 2.3% during the third quarter. State Street Corp now owns 17,440,176 shares of the company’s stock worth $1,748,378,000 after purchasing an additional 384,171 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Howmet Aerospace by 5.0% in the 3rd quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock valued at $949,382,000 after purchasing an additional 453,275 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Howmet Aerospace by 5.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company’s stock valued at $231,101,000 after purchasing an additional 114,457 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its stake in shares of Howmet Aerospace by 12.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 1,378,141 shares of the company’s stock valued at $138,159,000 after purchasing an additional 150,387 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Susquehanna upped their price objective 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 increased their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Bank of America lifted their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Royal Bank of Canada increased their price objective on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Robert W. Baird boosted their target price on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $115.71.

Howmet Aerospace Trading Down 1.0 %

Shares of HWM stock opened at $127.67 on Monday. Howmet Aerospace Inc. has a 1-year low of $58.34 and a 1-year high of $129.69. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The stock has a market cap of $51.87 billion, a price-to-earnings ratio of 48.73, a PEG ratio of 1.45 and a beta of 1.50. The stock has a 50-day moving average of $118.01 and a 200-day moving average of $106.61.

Howmet Aerospace Increases Dividend

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

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.