Massachusetts Financial Services Co. MA Sells 2,032,552 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Massachusetts Financial Services Co. MA lowered its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 10.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 16,757,076 shares of the company's stock after selling 2,032,552 shares during the period. Massachusetts Financial Services Co. MA owned 4.12% of Howmet Aerospace worth $1,832,721,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of Howmet Aerospace during the fourth quarter worth approximately $25,000. Meeder Asset Management Inc. increased its holdings in shares of Howmet Aerospace by 208.1% during 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 during the period. R Squared Ltd bought a new stake in shares of Howmet Aerospace during the fourth quarter valued at about $26,000. Washington Trust Advisors Inc. acquired a new stake in Howmet Aerospace in the fourth quarter worth about $29,000. Finally, Global Trust Asset Management LLC bought a new position in Howmet Aerospace in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Stock Down 10.1 %

NYSE HWM traded down $12.68 during trading on Friday, hitting $112.32. 6,662,826 shares of the company traded hands, compared to its average volume of 2,740,626. Howmet Aerospace Inc. has a 12 month low of $62.80 and a 12 month high of $140.55. The business has a fifty day simple moving average of $129.39 and a 200 day simple moving average of $117.00. The company has a market capitalization of $45.49 billion, a P/E ratio of 39.83, 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.

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

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a yield of 0.36%. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.08. Howmet Aerospace's dividend payout ratio (DPR) is 14.18%.

Analyst Ratings Changes

HWM has been the topic of a number of research reports. Truist Financial restated a "buy" rating and issued a $140.00 price objective (up previously from $130.00) on shares of Howmet Aerospace in a report 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 report on Wednesday, February 19th. JPMorgan Chase & Co. increased their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. The Goldman Sachs Group raised their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company upped their target price on Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Howmet Aerospace has an average rating of "Moderate Buy" and an average target price 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.