Chevy Chase Trust Holdings LLC Has $23.32 Million Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Chevy Chase Trust Holdings LLC cut its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 213,188 shares of the company's stock after selling 5,664 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Howmet Aerospace worth $23,316,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in HWM. Brooklyn Investment Group increased its stake in Howmet Aerospace by 6.1% during the fourth quarter. Brooklyn Investment Group now owns 1,678 shares of the company's stock valued at $183,000 after acquiring an additional 97 shares during the period. Caprock Group LLC boosted its holdings in Howmet Aerospace by 1.0% during the third quarter. Caprock Group LLC now owns 11,179 shares of the company's stock valued at $1,121,000 after purchasing an additional 106 shares in the last quarter. Perigon Wealth Management LLC increased its holdings in shares of Howmet Aerospace by 4.1% during the fourth quarter. Perigon Wealth Management LLC now owns 2,904 shares of the company's stock worth $318,000 after buying an additional 115 shares in the last quarter. Versant Capital Management Inc raised its position in Howmet Aerospace by 18.7% in the 4th quarter. Versant Capital Management Inc now owns 744 shares of the company's stock valued at $81,000 after purchasing an additional 117 shares during the last quarter. Finally, Avitas Wealth Management LLC boosted its stake in Howmet Aerospace by 0.5% in the fourth quarter. Avitas Wealth Management LLC now owns 24,692 shares of the company's stock worth $2,701,000 after purchasing an additional 123 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Trading Up 2.0 %

NYSE:HWM traded up $2.69 on Wednesday, reaching $139.36. The company's stock had a trading volume of 2,818,859 shares, compared to its average volume of 2,716,333. The firm has a market cap of $56.62 billion, a PE ratio of 49.42, a PEG ratio of 1.51 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. The business's 50-day moving average price is $119.90 and its two-hundred day moving average price is $108.88. Howmet Aerospace Inc. has a 1-year low of $62.70 and a 1-year high of $140.55.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.03. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. Equities research analysts anticipate that Howmet Aerospace Inc. will post 3.17 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be issued a dividend of $0.10 per share. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.08. The ex-dividend date is Friday, February 7th. This represents a $0.40 annualized dividend and a yield of 0.29%. Howmet Aerospace's dividend payout ratio is presently 14.18%.

Wall Street Analyst Weigh In

HWM has been the subject of a number of research analyst reports. KeyCorp cut Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a report on Thursday, October 24th. Robert W. Baird upped their target price on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Wells Fargo & Company upped their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their target price on Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Finally, Morgan Stanley upped 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.