Howmet Aerospace Inc. (NYSE:HWM) Stock Holdings Lifted by Cerity Partners LLC

Cerity Partners LLC grew its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 155.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 55,365 shares of the company’s stock after acquiring an additional 33,686 shares during the period. Cerity Partners LLC’s holdings in Howmet Aerospace were worth $5,550,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Covenant Asset Management LLC lifted its stake in Howmet Aerospace by 0.4% during the third quarter. Covenant Asset Management LLC now owns 49,793 shares of the company’s stock valued at $4,992,000 after buying an additional 220 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position 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 acquiring an additional 114,457 shares in the last quarter. Trustmark National Bank Trust Department boosted its stake in Howmet Aerospace by 17.7% in the 3rd quarter. Trustmark National Bank Trust Department now owns 14,227 shares of the company’s stock worth $1,426,000 after purchasing an additional 2,136 shares during the period. Landscape Capital Management L.L.C. purchased a new position in Howmet Aerospace during the 3rd quarter worth approximately $791,000. Finally, Intech Investment Management LLC raised its stake in Howmet Aerospace by 52.0% during the 3rd quarter. Intech Investment Management LLC now owns 124,382 shares of the company’s stock valued at $12,469,000 after purchasing an additional 42,568 shares during the period. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Trading Down 0.4 %

Shares of NYSE:HWM opened at $116.70 on Friday. 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 capitalization of $47.41 billion, a PE ratio of 44.54, a P/E/G ratio of 1.56 and a beta of 1.46. Howmet Aerospace Inc. has a 1 year low of $51.47 and a 1 year high of $119.28. The firm has a fifty day moving average price of $106.31 and a 200 day moving average price of $93.42.

Howmet Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend was Friday, November 8th. Howmet Aerospace’s dividend payout ratio is 12.21%.

Wall Street Analyst Weigh In

HWM has been the subject of several recent analyst reports. KeyCorp cut Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. BTIG Research raised their price objective on Howmet Aerospace from $95.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Robert W. Baird lifted their target price on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Royal Bank of Canada increased their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Sanford C. Bernstein boosted their price objective on shares of Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $115.41.

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.