B. Metzler seel. Sohn & Co. AG Lowers Stake in Howmet Aerospace Inc. (NYSE:HWM)

B. Metzler seel. Sohn & Co. AG trimmed its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 7.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 208,240 shares of the company’s stock after selling 17,900 shares during the period. B. Metzler seel. Sohn & Co. AG owned 0.05% of Howmet Aerospace worth $22,849,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in HWM. Private Trust Co. NA raised its stake in Howmet Aerospace by 28.0% during the 4th quarter. Private Trust Co. NA now owns 407 shares of the company’s stock valued at $45,000 after acquiring an additional 89 shares during the last quarter. O Neil Global Advisors Inc. raised its stake in shares of Howmet Aerospace by 0.5% during the fourth quarter. O Neil Global Advisors Inc. now owns 19,527 shares of the company’s stock worth $2,136,000 after purchasing an additional 90 shares during the last quarter. Brooklyn Investment Group raised its stake in shares of Howmet Aerospace by 6.1% during the fourth quarter. Brooklyn Investment Group now owns 1,678 shares of the company’s stock worth $183,000 after purchasing an additional 97 shares during the last quarter. Frank Rimerman Advisors LLC lifted its holdings in shares of Howmet Aerospace by 0.7% during the fourth quarter. Frank Rimerman Advisors LLC now owns 15,035 shares of the company’s stock worth $1,644,000 after purchasing an additional 100 shares during the period. Finally, Guyasuta Investment Advisors Inc. grew its position in Howmet Aerospace by 1.4% in the 4th quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company’s stock valued at $838,000 after buying an additional 104 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Stock Down 2.1 %

Shares of NYSE:HWM opened at $129.61 on Monday. The company has a market capitalization of $52.50 billion, a P/E ratio of 45.96, a P/E/G ratio of 1.92 and a beta of 1.54. The stock’s fifty day simple moving average is $129.41 and its 200-day simple moving average is $116.04. Howmet Aerospace Inc. has a 52-week low of $62.80 and a 52-week high of $140.55. 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 released its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. As a group, equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a $0.10 dividend. The ex-dividend date was Friday, February 7th. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.31%. Howmet Aerospace’s payout ratio is 14.18%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Morgan Stanley raised their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Barclays boosted their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Truist Financial reissued a “buy” rating and issued a $140.00 price target (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Finally, The Goldman Sachs Group upped 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Howmet Aerospace presently has an average rating of “Moderate Buy” and an average target price of $123.28.

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.