Kovitz Investment Group Partners LLC Purchases 136,882 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Kovitz Investment Group Partners LLC raised its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 602.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 159,610 shares of the company's stock after buying an additional 136,882 shares during the period. Kovitz Investment Group Partners LLC's holdings in Howmet Aerospace were worth $17,456,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Vista Investment Partners LLC purchased a new position in Howmet Aerospace during the fourth quarter valued at $531,000. Genesis Private Wealth LLC purchased a new stake in Howmet Aerospace in the 4th quarter worth approximately $249,000. Ameritas Advisory Services LLC bought a new stake in Howmet Aerospace during the 4th quarter worth approximately $289,000. Geneos Wealth Management Inc. lifted its holdings in Howmet Aerospace by 303.1% during the fourth quarter. Geneos Wealth Management Inc. now owns 10,960 shares of the company's stock valued at $1,199,000 after purchasing an additional 8,241 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its holdings in Howmet Aerospace by 150.5% during the fourth quarter. Park Avenue Securities LLC now owns 10,707 shares of the company's stock valued at $1,171,000 after purchasing an additional 6,433 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HWM has been the topic of a number of analyst reports. Morgan Stanley lifted their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Truist Financial dropped their price objective on Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. Wells Fargo & Company reiterated an "equal weight" rating and set a $118.00 price objective (down previously from $132.00) on shares of Howmet Aerospace in a research report on Tuesday, April 15th. Finally, Barclays lifted their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Howmet Aerospace presently has an average rating of "Moderate Buy" and an average target price of $125.06.

Howmet Aerospace Trading Up 7.9 %

NYSE:HWM traded up $10.98 during mid-day trading on Thursday, hitting $149.56. 2,709,515 shares of the stock traded hands, compared to its average volume of 2,722,866. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. Howmet Aerospace Inc. has a 52 week low of $66.37 and a 52 week high of $150.35. The stock has a market capitalization of $60.49 billion, a price-to-earnings ratio of 53.02, a PEG ratio of 1.92 and a beta of 1.25. The firm's 50 day moving average is $128.16 and its two-hundred day moving average is $120.37.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.09. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the business posted $0.53 earnings per share. The company's revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities research analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend is Friday, May 9th. Howmet Aerospace's dividend payout ratio is currently 14.18%.

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.