Intech Investment Management LLC Cuts Position in Howmet Aerospace Inc. (NYSE:HWM)

Intech Investment Management LLC trimmed its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 74.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,788 shares of the company's stock after selling 92,594 shares during the quarter. Intech Investment Management LLC's holdings in Howmet Aerospace were worth $3,477,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Generali Asset Management SPA SGR acquired a new position in Howmet Aerospace in the 4th quarter valued at about $3,836,000. Advisors Asset Management Inc. raised its holdings in Howmet Aerospace by 3.7% in the 4th quarter. Advisors Asset Management Inc. now owns 89,473 shares of the company's stock valued at $9,786,000 after buying an additional 3,153 shares during the period. Mystic Asset Management Inc. purchased a new position in Howmet Aerospace during the fourth quarter worth about $219,000. Axxcess Wealth Management LLC increased its position in shares of Howmet Aerospace by 2.1% during the fourth quarter. Axxcess Wealth Management LLC now owns 7,124 shares of the company's stock valued at $779,000 after acquiring an additional 149 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC lifted its holdings in shares of Howmet Aerospace by 17.7% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 2,991 shares of the company's stock worth $327,000 after acquiring an additional 449 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Analyst Ratings Changes

HWM has been the topic of a number of research reports. Barclays upped their price target on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. raised their price target on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Truist Financial reissued a "buy" rating and set a $140.00 price objective (up from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. The Goldman Sachs Group increased their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Finally, Morgan Stanley lifted their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Howmet Aerospace currently has an average rating of "Moderate Buy" and an average target price of $123.28.

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Howmet Aerospace Stock Performance

Shares of HWM traded up $5.38 during mid-day trading on Monday, hitting $136.23. 2,406,597 shares of the company's stock were exchanged, compared to its average volume of 2,634,947. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. Howmet Aerospace Inc. has a fifty-two week low of $62.80 and a fifty-two week high of $140.55. The business's 50 day moving average is $128.09 and its two-hundred day moving average is $114.61. The firm has a market capitalization of $55.18 billion, a P/E ratio of 48.31, a P/E/G ratio of 1.92 and a beta of 1.54.

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

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were issued a $0.10 dividend. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend was Friday, February 7th. Howmet Aerospace's dividend payout ratio (DPR) is currently 14.18%.

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.