FIL Ltd Has $11.48 Million Stake in Howmet Aerospace Inc. (NYSE:HWM)

FIL Ltd lowered its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 49.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HWM. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Howmet Aerospace during the 4th quarter valued at about $25,000. Meeder Asset Management Inc. raised its position in Howmet Aerospace by 208.1% in the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock valued at $25,000 after purchasing an additional 154 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Howmet Aerospace in the fourth quarter worth $25,000. R Squared Ltd bought a new stake in shares of Howmet Aerospace during the fourth quarter worth $26,000. Finally, Washington Trust Advisors Inc. bought a new position in shares of Howmet Aerospace in the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Trading Down 2.4 %

Shares of HWM stock traded down $3.02 on Tuesday, reaching $124.44. The company had a trading volume of 3,606,718 shares, compared to its average volume of 2,753,315. The company has a 50-day moving average of $128.79 and a 200-day moving average of $118.35. Howmet Aerospace Inc. has a 12 month low of $62.80 and a 12 month high of $140.55. The stock has a market cap of $50.40 billion, a PE ratio of 44.13, a PEG ratio of 1.92 and a beta of 1.25. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

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Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. The firm 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%. On average, equities analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current 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 is Friday, May 9th. Howmet Aerospace's dividend payout ratio (DPR) is presently 14.18%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Wells Fargo & Company reissued an "equal weight" rating and issued a $118.00 price target (down previously from $132.00) on shares of Howmet Aerospace in a report on Tuesday. 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. Morgan Stanley lifted their target price on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Finally, Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $122.50.

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.