Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by First Trust Advisors LP

First Trust Advisors LP cut its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 26.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 526,695 shares of the company's stock after selling 187,531 shares during the period. First Trust Advisors LP owned 0.13% of Howmet Aerospace worth $57,604,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Howmet Aerospace by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company's stock valued at $5,153,220,000 after acquiring an additional 352,256 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Howmet Aerospace by 14.0% in the fourth quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock valued at $2,209,071,000 after acquiring an additional 2,486,649 shares in the last quarter. Geode Capital Management LLC lifted its position in Howmet Aerospace by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 9,810,797 shares of the company's stock valued at $1,070,267,000 after purchasing an additional 308,574 shares during the period. Norges Bank acquired a new position in Howmet Aerospace during the 4th quarter worth approximately $1,001,558,000. Finally, Boston Partners boosted its stake in shares of Howmet Aerospace by 6.4% in the fourth quarter. Boston Partners now owns 5,460,744 shares of the company's stock valued at $597,460,000 after buying an additional 326,719 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Howmet Aerospace Stock Performance

Shares of HWM opened at $124.39 on Wednesday. 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's 50 day moving average is $128.16 and its 200-day moving average is $119.15. Howmet Aerospace Inc. has a 12-month low of $62.83 and a 12-month high of $140.55. The stock has a market capitalization of $50.38 billion, a P/E ratio of 44.11, a P/E/G ratio of 1.92 and a beta of 1.25.

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

Howmet Aerospace Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. The Goldman Sachs Group raised their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $118.00 price objective (down previously from $132.00) on shares of Howmet Aerospace in a research note on Tuesday, April 15th. Benchmark upped their price objective on shares of Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research note on Monday. Finally, Truist Financial dropped their target price on Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $125.06.

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.

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