Fmr LLC Has $1.75 Billion Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

FMR LLC cut its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,972,160 shares of the company's stock after selling 330,863 shares during the period. FMR LLC owned about 3.93% of Howmet Aerospace worth $1,746,875,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Murphy & Mullick Capital Management Corp bought a new position in Howmet Aerospace in the 4th quarter worth approximately $25,000. Meeder Asset Management Inc. increased its stake in shares of 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 buying an additional 154 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of Howmet Aerospace during the fourth quarter worth $25,000. R Squared Ltd acquired a new position in shares of Howmet Aerospace during the fourth quarter valued at $26,000. Finally, Washington Trust Advisors Inc. bought a new position in 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 Stock Up 1.2 %

NYSE HWM traded up $1.50 on Friday, reaching $125.69. The company had a trading volume of 2,035,883 shares, compared to its average volume of 2,753,867. The company's fifty day moving average is $128.80 and its 200-day moving average is $118.02. Howmet Aerospace Inc. has a 1-year low of $62.80 and a 1-year high of $140.55. The firm has a market capitalization 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. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17.

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Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share (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 return on equity of 25.74% and a net margin of 15.55%. On average, research analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors 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 yield of 0.32%. The ex-dividend date is Friday, May 9th. Howmet Aerospace's payout ratio is 14.18%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a report 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 note on Wednesday, February 19th. Truist Financial reiterated a "buy" rating and set a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Barclays raised their price target on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company dropped their price objective on Howmet Aerospace from $146.00 to $132.00 and set an "overweight" rating for the company in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $123.28.

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.