FIL Ltd Lowers Stake in Howmet Aerospace Inc. (NYSE:HWM)

FIL Ltd cut its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 49.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 104,941 shares of the company’s stock after selling 101,214 shares during the quarter. FIL Ltd’s holdings in Howmet Aerospace were worth $11,477,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Integrated Wealth Concepts LLC purchased a new stake in shares of Howmet Aerospace during the third quarter worth approximately $271,000. Wellington Management Group LLP purchased a new stake in shares of Howmet Aerospace in the third quarter valued at about $292,000. EP Wealth Advisors LLC acquired a new position in shares of Howmet Aerospace during the third quarter worth about $248,000. Orion Portfolio Solutions LLC increased its stake in shares of Howmet Aerospace by 25.3% during the third quarter. Orion Portfolio Solutions LLC now owns 14,373 shares of the company’s stock worth $1,441,000 after acquiring an additional 2,902 shares during the period. Finally, MML Investors Services LLC raised its holdings in Howmet Aerospace by 7.0% during the third quarter. MML Investors Services LLC now owns 37,497 shares of the company’s stock worth $3,759,000 after purchasing an additional 2,442 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Truist Financial reaffirmed a “buy” rating and issued a $140.00 price objective (up previously from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Barclays increased their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Morgan Stanley boosted their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Northcoast Research upgraded shares of Howmet Aerospace from a “sell” rating to a “neutral” rating in a report on Wednesday. Finally, Wells Fargo & Company reduced their price objective on shares of Howmet Aerospace from $146.00 to $132.00 and set an “overweight” rating for the company in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $123.28.

Howmet Aerospace Stock Performance

NYSE HWM opened at $125.69 on Friday. 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 Inc. has a fifty-two week low of $62.80 and a fifty-two week high of $140.55. The business has a fifty day moving average of $128.80 and a 200-day moving average of $118.02. The stock has a market cap of $50.91 billion, a price-to-earnings ratio of 44.57, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.

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

Howmet Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend is Friday, May 9th. Howmet Aerospace’s dividend payout ratio (DPR) is 14.18%.

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.