Robeco Institutional Asset Management B.V. Buys 1,771 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Robeco Institutional Asset Management B.V. lifted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 0.9% during the 4th quarter, HoldingsChannel reports. The firm owned 198,019 shares of the company’s stock after acquiring an additional 1,771 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Howmet Aerospace were worth $21,657,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. RiverPark Advisors LLC bought a new stake in shares of Howmet Aerospace during the 3rd quarter valued at approximately $26,000. R Squared Ltd bought a new stake in shares of Howmet Aerospace during the 4th quarter valued at approximately $26,000. Hollencrest Capital Management bought a new stake in shares of Howmet Aerospace during the 3rd quarter valued at approximately $30,000. Global Trust Asset Management LLC bought a new stake in Howmet Aerospace during the 4th quarter worth approximately $33,000. Finally, Assetmark Inc. grew its holdings in Howmet Aerospace by 40.0% during the 3rd quarter. Assetmark Inc. now owns 441 shares of the company’s stock worth $44,000 after acquiring an additional 126 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Truist Financial boosted their target price on shares of Howmet Aerospace from $128.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Wells Fargo & Company boosted their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Royal Bank of Canada boosted their target price on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Barclays boosted their target price 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. Finally, Robert W. Baird boosted their target price on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Howmet Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $115.71.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $126.45 on Friday. The firm has a 50-day moving average of $116.82 and a 200-day moving average of $104.44. The company has a market cap of $51.37 billion, a P/E ratio of 48.26, a P/E/G ratio of 1.42 and a beta of 1.49. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. Howmet Aerospace Inc. has a one year low of $55.89 and a one year high of $129.10.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio is currently 12.21%.

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.