Federated Hermes Inc. Sells 7,110 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Federated Hermes Inc. lessened its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 142,607 shares of the company's stock after selling 7,110 shares during the period. Federated Hermes Inc.'s holdings in Howmet Aerospace were worth $15,597,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new position in Howmet Aerospace during the fourth quarter valued at approximately $25,000. Meeder Asset Management Inc. raised its holdings in shares of Howmet Aerospace by 208.1% during the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock worth $25,000 after buying an additional 154 shares in the last quarter. R Squared Ltd bought a new stake in shares of Howmet Aerospace during the 4th quarter worth $26,000. Washington Trust Advisors Inc. acquired a new stake in Howmet Aerospace in the fourth quarter valued at about $29,000. Finally, Global Trust Asset Management LLC acquired a new position in Howmet Aerospace during the fourth quarter worth about $33,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HWM has been the topic of a number of research analyst reports. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. The Goldman Sachs Group increased their price target on Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. lifted their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Wells Fargo & Company reiterated an "equal weight" rating and set a $118.00 price target (down previously from $132.00) on shares of Howmet Aerospace in a report on Tuesday. Finally, 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. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $122.50.

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Howmet Aerospace Stock Down 1.6 %

Shares of NYSE:HWM traded down $2.01 during trading on Tuesday, reaching $125.45. 1,135,536 shares of the stock were exchanged, compared to its average volume of 2,743,863. The stock has a fifty day moving average of $128.79 and a two-hundred day moving average of $118.35. Howmet Aerospace Inc. has a 1-year low of $62.80 and a 1-year 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 $50.81 billion, a price-to-earnings ratio of 44.43, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.03. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The firm had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.88 billion. Research analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be paid 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 dividend payout ratio (DPR) is presently 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.