Alberta Investment Management Corp decreased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 10.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,200 shares of the company's stock after selling 4,800 shares during the quarter. Alberta Investment Management Corp's holdings in Howmet Aerospace were worth $4,397,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. Global Retirement Partners LLC lifted its stake in Howmet Aerospace by 82.4% during the fourth quarter. Global Retirement Partners LLC now owns 1,107 shares of the company's stock worth $121,000 after purchasing an additional 500 shares during the last quarter. DSM Capital Partners LLC lifted its stake in Howmet Aerospace by 21.0% during the fourth quarter. DSM Capital Partners LLC now owns 1,011,961 shares of the company's stock worth $110,678,000 after purchasing an additional 175,409 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in Howmet Aerospace during the fourth quarter worth approximately $67,000. Venturi Wealth Management LLC lifted its stake in Howmet Aerospace by 18.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,490 shares of the company's stock worth $163,000 after purchasing an additional 228 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its stake in Howmet Aerospace by 6.6% during the fourth quarter. D.A. Davidson & CO. now owns 13,921 shares of the company's stock worth $1,523,000 after purchasing an additional 866 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.
Howmet Aerospace Price Performance
HWM stock traded down $8.61 on Friday, reaching $129.83. 3,517,780 shares of the company's stock were exchanged, compared to its average volume of 2,517,588. The stock has a fifty day moving average of $121.18 and a 200-day moving average of $109.59. 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 $52.58 billion, a PE ratio of 46.04, a P/E/G ratio of 1.92 and a beta of 1.50. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74.
Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.03. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. As a group, equities analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.
Howmet Aerospace Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be issued a $0.10 dividend. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.40 annualized dividend and a yield of 0.31%. Howmet Aerospace's dividend payout ratio is 14.18%.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. Royal Bank of Canada boosted their target price on Howmet Aerospace from $105.00 to $135.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Wells Fargo & Company upped their price target on Howmet Aerospace from $129.00 to $132.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Robert W. Baird upped their price target on Howmet Aerospace from $113.00 to $144.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Truist Financial restated a "buy" rating and set a $140.00 price target (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Finally, The Goldman Sachs Group upped their price target on Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $123.28.
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About Howmet Aerospace
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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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