Envestnet Asset Management Inc. Has $52.07 Million Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Envestnet Asset Management Inc. boosted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 16.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 476,051 shares of the company’s stock after buying an additional 67,730 shares during the period. Envestnet Asset Management Inc. owned approximately 0.12% of Howmet Aerospace worth $52,066,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of HWM. Murphy & Mullick Capital Management Corp acquired a new position in shares of Howmet Aerospace in the 4th quarter valued at about $25,000. Meeder Asset Management Inc. grew its position in Howmet Aerospace by 208.1% during the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock valued at $25,000 after purchasing an additional 154 shares in the last quarter. R Squared Ltd acquired a new position in Howmet Aerospace in the 4th quarter valued at approximately $26,000. Washington Trust Advisors Inc. purchased a new stake in Howmet Aerospace in the 4th quarter worth approximately $29,000. Finally, Global Trust Asset Management LLC acquired a new stake in shares of Howmet Aerospace during the 4th quarter valued at $33,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Barclays increased their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Truist Financial reaffirmed a “buy” rating and set a $140.00 price target (up from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Morgan Stanley boosted their price target on Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. The Goldman Sachs Group raised their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $123.28.

Howmet Aerospace Price Performance

NYSE:HWM opened at $124.25 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. Howmet Aerospace Inc. has a one year low of $62.80 and a one year high of $140.55. The company has a fifty day moving average price of $128.80 and a 200 day moving average price of $117.84. The stock has a market cap of $50.32 billion, a P/E ratio of 44.06, a PEG ratio of 1.92 and a beta of 1.25.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. Howmet Aerospace’s dividend payout ratio is currently 14.18%.

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.