Howmet Aerospace Inc. (NYSE:HWM) Holdings Cut by Ifrah Financial Services Inc.

Ifrah Financial Services Inc. lowered its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,675 shares of the company’s stock after selling 96 shares during the period. Ifrah Financial Services Inc.’s holdings in Howmet Aerospace were worth $293,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. NTV Asset Management LLC lifted its holdings in Howmet Aerospace by 4.8% in the fourth quarter. NTV Asset Management LLC now owns 2,631 shares of the company’s stock worth $288,000 after acquiring an additional 121 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Howmet Aerospace by 6.7% during the fourth quarter. Sanctuary Advisors LLC now owns 31,423 shares of the company’s stock valued at $3,437,000 after buying an additional 1,963 shares during the last quarter. Capital Performance Advisors LLP raised its holdings in shares of Howmet Aerospace by 12.9% during the fourth quarter. Capital Performance Advisors LLP now owns 4,405 shares of the company’s stock valued at $482,000 after buying an additional 504 shares during the last quarter. Allworth Financial LP raised its holdings in Howmet Aerospace by 47.6% during the fourth quarter. Allworth Financial LP now owns 1,959 shares of the company’s stock worth $214,000 after purchasing an additional 632 shares in the last quarter. Finally, Principal Securities Inc. raised its holdings in Howmet Aerospace by 23.9% during the fourth quarter. Principal Securities Inc. now owns 6,872 shares of the company’s stock worth $752,000 after purchasing an additional 1,325 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Up 4.4 %

Howmet Aerospace stock opened at $133.66 on Monday. The firm has a market cap of $54.30 billion, a price-to-earnings ratio of 51.02, a P/E/G ratio of 1.45 and a beta of 1.50. 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 fifty-two week low of $62.70 and a fifty-two week high of $133.92. The firm has a fifty day moving average price of $119.05 and a two-hundred day moving average price of $108.28.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a net margin of 14.81% and a return on equity of 24.50%. As a group, analysts forecast that Howmet Aerospace Inc. will post 2.66 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be issued a dividend of $0.10 per share. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. Howmet Aerospace’s payout ratio is presently 12.21%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Bank of America lifted their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. UBS Group lifted their price objective on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Wells Fargo & Company lifted their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Barclays lifted their target price on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Finally, Truist Financial reissued a “buy” rating and set a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and an average target price of $117.76.

Howmet Aerospace Company 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.