Bradley Foster & Sargent Inc. CT Reduces Stake in Howmet Aerospace Inc. (NYSE:HWM)

Bradley Foster & Sargent Inc. CT trimmed its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 9.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 181,572 shares of the company's stock after selling 18,496 shares during the quarter. Bradley Foster & Sargent Inc. CT's holdings in Howmet Aerospace were worth $19,858,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its holdings in Howmet Aerospace by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company's stock valued at $1,775,578,000 after buying an additional 1,336,592 shares in the last quarter. State Street Corp increased its position in shares of Howmet Aerospace by 2.3% during the third quarter. State Street Corp now owns 17,440,176 shares of the company's stock worth $1,748,378,000 after acquiring an additional 384,171 shares during the period. Geode Capital Management LLC raised its stake in shares of Howmet Aerospace by 5.0% during the third quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company's stock valued at $949,382,000 after acquiring an additional 453,275 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Howmet Aerospace by 5.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company's stock valued at $231,101,000 after purchasing an additional 114,457 shares during the period. Finally, Los Angeles Capital Management LLC grew its stake in Howmet Aerospace by 12.2% in the third quarter. Los Angeles Capital Management LLC now owns 1,378,141 shares of the company's stock worth $138,159,000 after purchasing an additional 150,387 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Down 6.2 %

HWM stock traded down $8.61 on Friday, hitting $129.83. 3,517,780 shares of the company's stock were exchanged, compared to its average volume of 2,751,625. The firm has a 50 day moving average price of $121.18 and a two-hundred day moving average price of $109.59. 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 $52.58 billion, a P/E ratio of 46.04, a price-to-earnings-growth ratio of 1.94 and a beta of 1.50. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued 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. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. As a group, equities research analysts expect that Howmet Aerospace Inc. will post 3.26 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.10 per share. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.08. The ex-dividend date is Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. Howmet Aerospace's dividend payout ratio is presently 14.18%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HWM. Robert W. Baird lifted their target price on Howmet Aerospace from $113.00 to $144.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Truist Financial restated a "buy" rating and issued a $140.00 price objective (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. KeyCorp cut shares of Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a report on Thursday, October 24th. Morgan Stanley raised their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, The Goldman Sachs Group increased their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $123.28.

About Howmet Aerospace

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.