National Bank of Canada FI Decreases Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

National Bank of Canada FI lowered its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 1.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 250,100 shares of the company's stock after selling 4,151 shares during the period. National Bank of Canada FI owned 0.06% of Howmet Aerospace worth $27,355,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA lifted its stake in shares of Howmet Aerospace by 28.0% in the fourth quarter. Private Trust Co. NA now owns 407 shares of the company's stock worth $45,000 after buying an additional 89 shares in the last quarter. O Neil Global Advisors Inc. lifted its position in Howmet Aerospace by 0.5% in the 4th quarter. O Neil Global Advisors Inc. now owns 19,527 shares of the company's stock valued at $2,136,000 after acquiring an additional 90 shares in the last quarter. Brooklyn Investment Group boosted its stake in Howmet Aerospace by 6.1% during the 4th quarter. Brooklyn Investment Group now owns 1,678 shares of the company's stock valued at $183,000 after purchasing an additional 97 shares during the last quarter. Frank Rimerman Advisors LLC raised its stake in shares of Howmet Aerospace by 0.7% in the fourth quarter. Frank Rimerman Advisors LLC now owns 15,035 shares of the company's stock worth $1,644,000 after purchasing an additional 100 shares during the last quarter. Finally, Guyasuta Investment Advisors Inc. lifted its holdings in shares of Howmet Aerospace by 1.4% during the fourth quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company's stock valued at $838,000 after purchasing an additional 104 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Analyst Ratings Changes

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

Howmet Aerospace Price Performance

Shares of NYSE HWM traded up $4.81 during mid-day trading on Tuesday, reaching $120.59. The company's stock had a trading volume of 1,050,266 shares, compared to its average volume of 2,952,416. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. Howmet Aerospace Inc. has a 52 week low of $62.80 and a 52 week high of $140.55. The stock has a fifty day moving average of $129.26 and a two-hundred day moving average of $117.29. The firm has a market capitalization of $48.84 billion, a PE ratio of 42.80, a P/E/G ratio of 1.92 and a beta of 1.25.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 25.74% and a net margin of 15.55%. As a group, sell-side analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a $0.10 dividend. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend was Friday, February 7th. Howmet Aerospace's payout ratio 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.