MML Investors Services LLC Purchases 8,576 Shares of Howmet Aerospace Inc. (NYSE:HWM)

MML Investors Services LLC raised its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 22.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 46,073 shares of the company's stock after buying an additional 8,576 shares during the quarter. MML Investors Services LLC's holdings in Howmet Aerospace were worth $5,039,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Murphy & Mullick Capital Management Corp bought a new position in Howmet Aerospace in the fourth quarter worth approximately $25,000. Meeder Asset Management Inc. lifted its holdings in shares of Howmet Aerospace by 208.1% in the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock worth $25,000 after purchasing an additional 154 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Howmet Aerospace in the 4th quarter valued at $25,000. R Squared Ltd bought a new stake in Howmet Aerospace during the 4th quarter valued at $26,000. Finally, Washington Trust Advisors Inc. bought a new stake in Howmet Aerospace during the 4th quarter valued at $29,000. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on HWM shares. The Goldman Sachs Group lifted their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Morgan Stanley lifted 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. Truist Financial dropped their target price on Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. JPMorgan Chase & Co. upped their price target on Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Finally, Wells Fargo & Company restated an "equal weight" rating and set a $118.00 price objective (down from $132.00) on shares of Howmet Aerospace in a research note on Tuesday, April 15th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $125.06.

Howmet Aerospace Stock Performance

Howmet Aerospace stock traded up $11.45 during midday trading on Thursday, reaching $150.03. The stock had a trading volume of 2,245,844 shares, compared to its average volume of 2,721,462. The firm has a market capitalization of $60.68 billion, a PE ratio of 53.26, a P/E/G ratio of 1.92 and a beta of 1.25. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The firm's 50-day moving average price is $128.16 and its 200 day moving average price is $120.37. Howmet Aerospace Inc. has a 12 month low of $66.37 and a 12 month high of $150.35.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.09. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. During the same quarter in the previous year, the business posted $0.53 EPS. Howmet Aerospace's revenue was up 5.5% on a year-over-year basis. As a group, research analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

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