Empirical Finance LLC Sells 137 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Empirical Finance LLC cut its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 quarter.

A number of other institutional investors have also made changes to their positions in the business. Empowered Funds LLC increased its stake in Howmet Aerospace by 29.3% in the 4th quarter. Empowered Funds LLC now owns 86,362 shares of the company’s stock valued at $9,445,000 after buying an additional 19,573 shares during the last quarter. Moloney Securities Asset Management LLC acquired a new stake in shares of Howmet Aerospace in the fourth quarter valued at about $969,000. Wilmington Savings Fund Society FSB raised its holdings in Howmet Aerospace by 9.5% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 8,097 shares of the company’s stock worth $886,000 after acquiring an additional 700 shares in the last quarter. Kingsview Wealth Management LLC boosted its position in Howmet Aerospace by 39.7% during the fourth quarter. Kingsview Wealth Management LLC now owns 6,932 shares of the company’s stock valued at $758,000 after purchasing an additional 1,970 shares during the last quarter. Finally, Apollon Wealth Management LLC grew its stake in Howmet Aerospace by 40.4% in the fourth quarter. Apollon Wealth Management LLC now owns 9,049 shares of the company’s stock valued at $990,000 after purchasing an additional 2,602 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on HWM shares. Sanford C. Bernstein upped their price objective 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 increased their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Barclays boosted their price objective on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. KeyCorp cut Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Finally, Truist Financial upped their price objective on Howmet Aerospace from $128.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $115.71.

Howmet Aerospace Stock Performance

Shares of NYSE HWM opened at $127.67 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. The firm has a market cap of $51.87 billion, a price-to-earnings ratio of 48.73, a P/E/G ratio of 1.45 and a beta of 1.50. The stock’s fifty day moving average price is $118.01 and its two-hundred day moving average price is $106.61. Howmet Aerospace Inc. has a one year low of $58.34 and a one year high of $129.69.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be paid a $0.10 dividend. The ex-dividend date is Friday, February 7th. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. Howmet Aerospace’s dividend payout ratio is 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.