Amundi Sells 1,006,089 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Amundi lowered its position in Howmet Aerospace Inc. (NYSE:HWM) by 56.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 789,707 shares of the company’s stock after selling 1,006,089 shares during the period. Amundi owned about 0.19% of Howmet Aerospace worth $90,856,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. R Squared Ltd bought a new stake in shares of Howmet Aerospace in the fourth quarter worth $26,000. RiverPark Advisors LLC bought a new stake in shares of Howmet Aerospace in the third quarter worth $26,000. Washington Trust Advisors Inc. bought a new stake in shares of Howmet Aerospace in the fourth quarter worth $29,000. Global Trust Asset Management LLC bought a new stake in shares of Howmet Aerospace in the fourth quarter worth $33,000. Finally, Hanson & Doremus Investment Management bought a new stake in shares of Howmet Aerospace in the fourth quarter worth $34,000. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock opened at $122.30 on Tuesday. The stock’s 50-day simple moving average is $125.19 and its 200-day simple moving average is $112.57. Howmet Aerospace Inc. has a 52 week low of $62.80 and a 52 week high of $140.55. The company has a market capitalization of $49.53 billion, a price-to-earnings ratio of 43.37, a PEG ratio of 1.92 and a beta of 1.54. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. As a group, analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were given a $0.10 dividend. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date was Friday, February 7th. Howmet Aerospace’s payout ratio is currently 14.18%.

Analyst Ratings Changes

Several analysts recently commented on the company. The Goldman Sachs Group lifted their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Barclays lifted their target price on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Truist Financial reiterated a “buy” rating and set a $140.00 target price (up from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Wells Fargo & Company lifted their target price on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. lifted their target price on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $123.28.

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.