Prospera Financial Services Inc Takes Position in Howmet Aerospace Inc. (NYSE:HWM)

Prospera Financial Services Inc bought a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 8,334 shares of the company’s stock, valued at approximately $835,000.

A number of other hedge funds have also recently modified their holdings of the business. Caprock Group LLC boosted its holdings in shares of Howmet Aerospace by 1.0% during the 3rd quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock valued at $1,121,000 after buying an additional 106 shares in the last quarter. Pathstone Holdings LLC boosted its stake in Howmet Aerospace by 4.2% in the 3rd quarter. Pathstone Holdings LLC now owns 48,476 shares of the company’s stock worth $4,860,000 after purchasing an additional 1,940 shares in the last quarter. Quest Partners LLC boosted its stake in Howmet Aerospace by 94.9% in the 3rd quarter. Quest Partners LLC now owns 1,405 shares of the company’s stock worth $141,000 after purchasing an additional 684 shares in the last quarter. Claro Advisors LLC bought a new position in Howmet Aerospace in the 3rd quarter worth about $363,000. Finally, RiverPark Advisors LLC bought a new position in Howmet Aerospace in the 3rd quarter worth about $26,000. Institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on HWM. UBS Group upped their target price on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. BTIG Research upped their price objective on Howmet Aerospace from $95.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Bank of America raised their target price on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Royal Bank of Canada upped their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Barclays raised their price objective on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $115.41.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock opened at $118.44 on Friday. The stock’s 50-day simple moving average is $104.62 and its 200-day simple moving average is $92.43. Howmet Aerospace Inc. has a 52 week low of $51.47 and a 52 week high of $119.28. The company has a market capitalization of $48.12 billion, a price-to-earnings ratio of 45.21, a PEG ratio of 1.56 and a beta of 1.46. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76.

Howmet Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be given a $0.08 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. Howmet Aerospace’s payout ratio is 12.21%.

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.