National Pension Service Lowers Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

National Pension Service cut its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 7.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 569,985 shares of the company's stock after selling 49,091 shares during the period. National Pension Service owned 0.14% of Howmet Aerospace worth $62,339,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Private Advisor Group LLC raised its stake in shares of Howmet Aerospace by 2.6% during the 3rd quarter. Private Advisor Group LLC now owns 17,009 shares of the company's stock worth $1,705,000 after purchasing an additional 433 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Howmet Aerospace by 36.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,442 shares of the company's stock valued at $2,524,000 after purchasing an additional 6,839 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Howmet Aerospace by 97.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 30,619 shares of the company's stock valued at $3,070,000 after acquiring an additional 15,108 shares during the period. abrdn plc grew its position in Howmet Aerospace by 3.5% in the 3rd quarter. abrdn plc now owns 150,774 shares of the company's stock worth $14,956,000 after purchasing an additional 5,146 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. acquired a new stake in shares of Howmet Aerospace during the 3rd quarter worth approximately $251,000. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Stock Down 4.1 %

Shares of Howmet Aerospace stock traded down $5.56 during trading on Monday, reaching $131.04. The company's stock had a trading volume of 3,192,068 shares, compared to its average volume of 2,819,158. Howmet Aerospace Inc. has a 1-year low of $62.80 and a 1-year high of $140.55. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The company has a market cap of $53.07 billion, a price-to-earnings ratio of 46.47, a P/E/G ratio of 1.92 and a beta of 1.50. The company has a 50-day simple moving average of $123.36 and a two-hundred day simple moving average of $111.27.

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

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.08. The ex-dividend date was Friday, February 7th. Howmet Aerospace's payout ratio is presently 14.18%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Bank of America increased their price target on Howmet Aerospace from $100.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. upped their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Morgan Stanley increased their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Robert W. Baird upped their price target on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group raised their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Howmet Aerospace presently has a consensus rating of "Moderate Buy" and a consensus price target 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.