Farther Finance Advisors LLC Lowers Stake in Howmet Aerospace Inc. (NYSE:HWM)

Farther Finance Advisors LLC trimmed its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 49.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,704 shares of the company's stock after selling 4,563 shares during the period. Farther Finance Advisors LLC's holdings in Howmet Aerospace were worth $515,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in HWM. R Squared Ltd bought a new stake in shares of Howmet Aerospace in the fourth quarter worth about $26,000. RiverPark Advisors LLC bought a new position in shares of Howmet Aerospace during the third quarter valued at approximately $26,000. Washington Trust Advisors Inc. bought a new position in shares of Howmet Aerospace during the fourth quarter valued at approximately $29,000. Global Trust Asset Management LLC bought a new position in shares of Howmet Aerospace during the fourth quarter valued at approximately $33,000. Finally, Hanson & Doremus Investment Management bought a new position in shares of Howmet Aerospace during the fourth quarter valued at approximately $34,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Performance

Shares of NYSE HWM traded down $0.28 during mid-day trading on Thursday, hitting $131.70. The stock had a trading volume of 2,074,450 shares, compared to its average volume of 2,955,278. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The company has a 50 day moving average of $127.40 and a two-hundred day moving average of $113.96. Howmet Aerospace Inc. has a twelve month low of $62.80 and a twelve month high of $140.55. The firm has a market cap of $53.34 billion, a PE ratio of 46.70, a PEG ratio of 1.92 and a beta of 1.54.

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Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. The company 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%. Research analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a dividend of $0.10 per share. 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 0.30%. The ex-dividend date of this dividend was Friday, February 7th. Howmet Aerospace's dividend payout ratio (DPR) is currently 14.18%.

Analyst Ratings Changes

A number of research firms have recently commented on HWM. The Goldman Sachs Group upped their target price on Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Morgan Stanley boosted their price target on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. boosted their price target on Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Wells Fargo & Company boosted their price target on Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Finally, Truist Financial reiterated a "buy" rating and issued a $140.00 price target (up previously from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Howmet Aerospace has a consensus rating of "Moderate Buy" and a consensus target price 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.