Jackson Square Partners LLC Sells 105,774 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Jackson Square Partners LLC lowered its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 30.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 245,093 shares of the company's stock after selling 105,774 shares during the period. Howmet Aerospace comprises about 2.9% of Jackson Square Partners LLC's investment portfolio, making the stock its 8th biggest holding. Jackson Square Partners LLC owned 0.06% of Howmet Aerospace worth $26,806,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Zions Bancorporation N.A. boosted its holdings in shares of Howmet Aerospace by 19,312.5% during the 4th quarter. Zions Bancorporation N.A. now owns 1,553 shares of the company's stock valued at $170,000 after purchasing an additional 1,545 shares during the last quarter. TIAA Trust National Association lifted its holdings in shares of Howmet Aerospace by 25.5% in the 4th quarter. TIAA Trust National Association now owns 2,796 shares of the company's stock worth $306,000 after acquiring an additional 568 shares during the last quarter. Sheets Smith Investment Management bought a new position in shares of Howmet Aerospace during the fourth quarter valued at approximately $1,666,000. Congress Wealth Management LLC DE grew its position in Howmet Aerospace by 1.9% in the 4th quarter. Congress Wealth Management LLC DE now owns 187,458 shares of the company's stock valued at $20,502,000 after acquiring an additional 3,452 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Howmet Aerospace by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company's stock valued at $5,153,220,000 after buying an additional 352,256 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

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Analyst Ratings Changes

Several research analysts have recently commented on the company. The Goldman Sachs Group boosted their price target on Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Wells Fargo & Company raised their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Truist Financial reaffirmed a "buy" rating and issued a $140.00 price target (up previously from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Finally, Morgan Stanley boosted their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Howmet Aerospace currently has an average rating of "Moderate Buy" and a consensus target price of $123.28.

Howmet Aerospace Price Performance

HWM stock traded down $2.82 during trading on Friday, hitting $129.61. The company had a trading volume of 1,945,000 shares, compared to its average volume of 2,747,326. The business has a 50 day moving average of $129.41 and a 200 day moving average of $115.89. The firm has a market capitalization of $52.50 billion, a price-to-earnings ratio of 45.96, a P/E/G ratio of 1.92 and a beta of 1.54. 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.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.03. The business had revenue of $1.89 billion for 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%. As a group, research analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were paid a $0.10 dividend. The ex-dividend date was Friday, February 7th. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. 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.