Fulton Breakefield Broenniman LLC Sells 2,434 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Fulton Breakefield Broenniman LLC cut its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 211,964 shares of the company’s stock after selling 2,434 shares during the period. Howmet Aerospace comprises 1.7% of Fulton Breakefield Broenniman LLC’s portfolio, making the stock its 18th biggest position. Fulton Breakefield Broenniman LLC owned 0.05% of Howmet Aerospace worth $23,182,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of HWM. Terra Nova Asset Management LLC purchased a new position in shares of Howmet Aerospace in the 3rd quarter valued at $1,264,000. Stifel Financial Corp increased its holdings in shares of Howmet Aerospace by 12.1% in the 3rd quarter. Stifel Financial Corp now owns 263,830 shares of the company’s stock valued at $26,450,000 after acquiring an additional 28,568 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Howmet Aerospace by 1,258.3% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company’s stock valued at $206,000 after acquiring an additional 1,900 shares during the period. Genesis Private Wealth LLC purchased a new position in shares of Howmet Aerospace in the 4th quarter valued at $249,000. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of Howmet Aerospace by 135.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 26,159 shares of the company’s stock valued at $2,622,000 after acquiring an additional 15,070 shares during the period. 90.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on HWM shares. Deutsche Bank Aktiengesellschaft boosted their target price on Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. UBS Group boosted their target price on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Susquehanna boosted their target price on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research note on Thursday, November 7th. Barclays boosted their target price on Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Finally, Robert W. Baird boosted their target price on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One investment 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $115.71.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $126.51 on Wednesday. The stock has a market cap of $51.40 billion, a PE ratio of 48.29, a price-to-earnings-growth ratio of 1.43 and a beta of 1.49. Howmet Aerospace Inc. has a 52-week low of $55.33 and a 52-week high of $129.10. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. The business has a 50-day simple moving average of $116.25 and a 200-day simple moving average of $103.80.

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 issued a $0.10 dividend. 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 yield of 0.32%. Howmet Aerospace’s dividend payout ratio is presently 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.