Dimensional Fund Advisors LP Decreases Stake in Howmet Aerospace Inc. (NYSE:HWM)

Dimensional Fund Advisors LP lessened its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,055,908 shares of the company's stock after selling 35,873 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.51% of Howmet Aerospace worth $224,871,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Howmet Aerospace by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company's stock valued at $5,153,220,000 after buying an additional 352,256 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Howmet Aerospace by 14.0% during the fourth quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock worth $2,209,071,000 after purchasing an additional 2,486,649 shares during the period. Geode Capital Management LLC grew its stake in shares of Howmet Aerospace by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 9,810,797 shares of the company's stock worth $1,070,267,000 after purchasing an additional 308,574 shares during the last quarter. Norges Bank purchased a new position in Howmet Aerospace during the 4th quarter valued at about $1,001,558,000. Finally, Boston Partners raised its position in Howmet Aerospace by 6.4% during the 4th quarter. Boston Partners now owns 5,460,744 shares of the company's stock valued at $597,460,000 after purchasing an additional 326,719 shares during the last quarter. Institutional investors own 90.46% of the company's stock.

Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock opened at $124.39 on Wednesday. Howmet Aerospace Inc. has a 1 year low of $62.83 and a 1 year high of $140.55. The firm's 50-day moving average is $128.16 and its 200 day moving average is $119.15. The stock has a market cap of $50.38 billion, a price-to-earnings ratio of 44.11, a PEG ratio of 1.92 and a beta of 1.25. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.03. The firm had revenue of $1.89 billion for 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%. Sell-side analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be paid a $0.10 dividend. 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 is currently 14.18%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Morgan Stanley lifted their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Benchmark boosted their price objective on shares of Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research report on Monday. The Goldman Sachs Group raised their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. Finally, Wells Fargo & Company restated an "equal weight" rating and issued a $118.00 price objective (down from $132.00) on shares of Howmet Aerospace in a report on Tuesday, April 15th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Howmet Aerospace currently has an average rating of "Moderate Buy" and an average price target of $125.06.

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.

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