Howmet Aerospace Inc. (NYSE:HWM) Holdings Cut by Legal & General Group Plc

Legal & General Group Plc cut its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 10.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,156,591 shares of the company's stock after selling 246,046 shares during the quarter. Legal & General Group Plc owned about 0.53% of Howmet Aerospace worth $235,865,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wellspring Financial Advisors LLC boosted its position in shares of Howmet Aerospace by 10.9% in the fourth quarter. Wellspring Financial Advisors LLC now owns 2,485 shares of the company's stock worth $272,000 after acquiring an additional 244 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Howmet Aerospace by 10.8% in the 4th quarter. Cerity Partners LLC now owns 61,319 shares of the company's stock valued at $6,600,000 after purchasing an additional 5,954 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Howmet Aerospace during the 4th quarter worth $25,000. Wedbush Securities Inc. raised its position in shares of Howmet Aerospace by 19.6% in the 4th quarter. Wedbush Securities Inc. now owns 3,826 shares of the company's stock worth $418,000 after buying an additional 628 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in Howmet Aerospace by 16.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 476,051 shares of the company's stock valued at $52,066,000 after acquiring an additional 67,730 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Wells Fargo & Company cut their price objective on Howmet Aerospace from $146.00 to $132.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley lifted their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Truist Financial reissued a "buy" rating and issued a $140.00 price objective (up previously from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Barclays lifted their target price on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Finally, Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $123.28.

Howmet Aerospace Stock Up 1.9 %

NYSE HWM traded up $2.38 during trading hours on Monday, reaching $128.05. 357,469 shares of the company traded hands, compared to its average volume of 2,743,631. The stock has a market capitalization of $51.86 billion, a PE ratio of 45.41, a PEG ratio of 1.92 and a beta of 1.25. 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 12 month low of $62.80 and a 12 month high of $140.55. The company has a 50 day moving average of $128.80 and a two-hundred day moving average of $118.15.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. As a group, equities analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The firm 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 $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date is Friday, May 9th. Howmet Aerospace's dividend payout ratio is presently 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.