Good Life Advisors LLC Sells 22,478 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Good Life Advisors LLC lessened its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 42.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,768 shares of the company's stock after selling 22,478 shares during the quarter. Good Life Advisors LLC's holdings in Howmet Aerospace were worth $3,365,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. RiverPark Advisors LLC acquired a new position in Howmet Aerospace in the third quarter valued at about $26,000. R Squared Ltd acquired a new position in Howmet Aerospace in the fourth quarter valued at about $26,000. Hollencrest Capital Management acquired a new position in Howmet Aerospace in the third quarter valued at about $30,000. Global Trust Asset Management LLC acquired a new position in Howmet Aerospace in the fourth quarter valued at about $33,000. Finally, Hanson & Doremus Investment Management acquired a new position in Howmet Aerospace in the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Stock Down 6.2 %

Shares of NYSE:HWM traded down $8.61 during mid-day trading on Friday, reaching $129.83. 3,517,780 shares of the stock were exchanged, compared to its average volume of 2,751,625. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The company has a market cap of $52.58 billion, a P/E ratio of 46.04, a P/E/G ratio of 1.94 and a beta of 1.50. Howmet Aerospace Inc. has a one year low of $62.80 and a one year high of $140.55. The stock's 50 day simple moving average is $121.18 and its 200-day simple moving average is $109.59.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.03. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate 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 research analysts predict that Howmet Aerospace Inc. will post 3.26 EPS for the current year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, February 7th. Howmet Aerospace's dividend payout ratio (DPR) is currently 14.18%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wells Fargo & Company increased their target price on Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. increased 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. Royal Bank of Canada increased their price target on Howmet Aerospace from $105.00 to $135.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Truist Financial restated a "buy" rating and issued a $140.00 price target (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Finally, Barclays increased their price target on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.28.

Howmet Aerospace 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.