Charles Schwab Investment Management Inc. Boosts Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Charles Schwab Investment Management Inc. increased its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 5.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,305,249 shares of the company’s stock after purchasing an additional 114,457 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.56% of Howmet Aerospace worth $231,101,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Bayesian Capital Management LP grew its stake in shares of Howmet Aerospace by 42.1% during the first quarter. Bayesian Capital Management LP now owns 16,200 shares of the company’s stock valued at $1,109,000 after buying an additional 4,800 shares during the last quarter. Industrial Alliance Investment Management Inc. lifted its position in Howmet Aerospace by 4.4% in the first quarter. Industrial Alliance Investment Management Inc. now owns 6,945 shares of the company’s stock valued at $475,000 after purchasing an additional 292 shares during the last quarter. Dynasty Wealth Management LLC purchased a new stake in shares of Howmet Aerospace during the first quarter valued at approximately $1,056,000. California State Teachers Retirement System grew its holdings in shares of Howmet Aerospace by 3.5% in the first quarter. California State Teachers Retirement System now owns 703,849 shares of the company’s stock worth $48,164,000 after purchasing an additional 24,099 shares during the last quarter. Finally, Tidal Investments LLC increased its stake in shares of Howmet Aerospace by 10.1% in the first quarter. Tidal Investments LLC now owns 8,114 shares of the company’s stock worth $555,000 after buying an additional 744 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

HWM stock opened at $118.44 on Friday. The firm has a 50 day moving average price of $104.62 and a 200-day moving average price of $92.52. The firm has a market capitalization of $48.12 billion, a price-to-earnings ratio of 45.21, a PEG ratio of 1.57 and a beta of 1.46. Howmet Aerospace Inc. has a 52-week low of $51.47 and a 52-week high of $119.28. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24.

Howmet Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.32 annualized dividend and a yield of 0.27%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 12.21%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HWM. Susquehanna increased their price target on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research report on Thursday, November 7th. Barclays boosted their price target on Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Truist Financial increased their price objective on Howmet Aerospace from $123.00 to $128.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. boosted their target price on Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, Sanford C. Bernstein upped their target price on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, October 21st. 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, Howmet Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $115.41.

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.