Invesco Ltd. Sells 282,031 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Invesco Ltd. cut its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,752,129 shares of the company's stock after selling 282,031 shares during the quarter. Invesco Ltd. owned 1.66% of Howmet Aerospace worth $738,480,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of HWM. Murphy & Mullick Capital Management Corp acquired a new position in shares of Howmet Aerospace during the 4th quarter valued at $25,000. Meeder Asset Management Inc. increased its stake in Howmet Aerospace by 208.1% in the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock valued at $25,000 after purchasing an additional 154 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Howmet Aerospace during the fourth quarter valued at about $25,000. R Squared Ltd bought a new position in shares of Howmet Aerospace during the 4th quarter worth about $26,000. Finally, Washington Trust Advisors Inc. acquired a new stake in shares of Howmet Aerospace in the 4th quarter valued at about $29,000. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HWM has been the topic of several recent research reports. Northcoast Research upgraded Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday. Wells Fargo & Company cut their target price on Howmet Aerospace from $146.00 to $132.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Truist Financial restated a "buy" rating and set a $140.00 price target (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Morgan Stanley raised their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Finally, Barclays boosted their target price on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $123.28.

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Howmet Aerospace Stock Performance

NYSE:HWM traded up $1.50 during trading on Friday, reaching $125.69. The company's stock had a trading volume of 2,035,883 shares, compared to its average volume of 2,752,891. The firm has a market cap of $50.91 billion, a price-to-earnings ratio of 44.57, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. Howmet Aerospace Inc. has a 12 month low of $62.80 and a 12 month high of $140.55. 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 firm has a 50 day moving average of $128.80 and a 200-day moving average of $118.15.

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 net margin of 15.55% and a return on equity of 25.74%. Research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend is Friday, May 9th. Howmet Aerospace's dividend payout ratio (DPR) is 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.