Hartford Investment Management Co. Has $2.75 Million Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Hartford Investment Management Co. reduced its stake in Howmet Aerospace Inc. (NYSE:HWM) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,173 shares of the company’s stock after selling 604 shares during the period. Hartford Investment Management Co.’s holdings in Howmet Aerospace were worth $2,753,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Brooklyn Investment Group grew its stake in Howmet Aerospace by 6.1% in the 4th 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 last quarter. Caprock Group LLC increased its position in 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 buying an additional 106 shares in the last quarter. Perigon Wealth Management LLC increased its holdings in shares of Howmet Aerospace by 4.1% during the fourth 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 in the last quarter. Versant Capital Management Inc raised its holdings in Howmet Aerospace by 18.7% during the fourth 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 last quarter. Finally, Avitas Wealth Management LLC lifted its position in Howmet Aerospace by 0.5% in the 4th quarter. Avitas Wealth Management LLC now owns 24,692 shares of the company’s stock valued at $2,701,000 after acquiring an additional 123 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on HWM. Royal Bank of Canada boosted their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Bank of America lifted their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. KeyCorp cut shares of 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 shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Finally, Susquehanna lifted their price target on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $115.71.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $128.11 on Thursday. The company has a market capitalization of $52.05 billion, a price-to-earnings ratio of 48.90, a price-to-earnings-growth ratio of 1.45 and a beta of 1.50. 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 one year low of $58.54 and a one year high of $129.95. The company’s 50-day moving average is $118.43 and its 200 day moving average is $107.45.

Howmet Aerospace Increases Dividend

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

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.