Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Bank of Montreal Can

Bank of Montreal Can trimmed its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 446,277 shares of the company's stock after selling 15,193 shares during the period. Bank of Montreal Can owned about 0.11% of Howmet Aerospace worth $48,809,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Norges Bank bought a new stake in Howmet Aerospace during the 4th quarter worth approximately $1,001,558,000. JPMorgan Chase & Co. increased its stake in Howmet Aerospace by 14.0% in the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock worth $2,209,071,000 after buying an additional 2,486,649 shares in the last quarter. AustralianSuper Pty Ltd raised its holdings in Howmet Aerospace by 1,000.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company's stock valued at $101,772,000 after acquiring an additional 845,941 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Howmet Aerospace in the fourth quarter valued at about $61,740,000. Finally, Sei Investments Co. boosted its stake in shares of Howmet Aerospace by 82.4% in the fourth quarter. Sei Investments Co. now owns 1,106,586 shares of the company's stock worth $121,026,000 after acquiring an additional 499,978 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on HWM shares. 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, February 18th. Barclays lifted their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Truist Financial reaffirmed a "buy" rating and issued a $140.00 price objective (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. 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 report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. boosted their target price 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. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $122.50.

Remove Ads

Howmet Aerospace Trading Down 1.5 %

Shares of HWM traded down $1.85 during mid-day trading on Tuesday, reaching $125.61. The stock had a trading volume of 1,234,145 shares, compared to its average volume of 2,744,377. Howmet Aerospace Inc. has a 52-week low of $62.80 and a 52-week high of $140.55. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The firm has a market cap of $50.87 billion, a price-to-earnings ratio of 44.54, a P/E/G ratio of 1.92 and a beta of 1.25. The business's fifty day moving average is $128.79 and its 200 day moving average is $118.35.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share 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, sell-side analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. Howmet Aerospace's dividend payout ratio (DPR) is currently 14.18%.

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.