Partners Capital Investment Group LLP Decreases Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Partners Capital Investment Group LLP cut its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 50.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,200 shares of the company's stock after selling 7,200 shares during the period. Partners Capital Investment Group LLP's holdings in Howmet Aerospace were worth $787,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HWM. JPMorgan Chase & Co. raised its position in Howmet Aerospace by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company's stock valued at $1,775,578,000 after purchasing an additional 1,336,592 shares during the period. AustralianSuper Pty Ltd raised its holdings in Howmet Aerospace by 1,000.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company's stock worth $101,772,000 after purchasing an additional 845,941 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Howmet Aerospace by 695.6% during the third quarter. Assenagon Asset Management S.A. now owns 558,017 shares of the company's stock worth $55,941,000 after purchasing an additional 487,880 shares in the last quarter. Geode Capital Management LLC grew its position in Howmet Aerospace by 5.0% during the third quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company's stock worth $949,382,000 after buying an additional 453,275 shares during the period. Finally, State Street Corp grew its position in Howmet Aerospace by 2.3% during the third quarter. State Street Corp now owns 17,440,176 shares of the company's stock worth $1,748,378,000 after buying an additional 384,171 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Morgan Stanley raised their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research report on Wednesday. UBS Group lifted their target price on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Royal Bank of Canada boosted their price objective on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Robert W. Baird boosted their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Finally, Truist Financial restated a "buy" rating and issued a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. One research 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $123.28.

Howmet Aerospace Stock Performance

Shares of HWM stock traded down $1.23 during trading on Thursday, reaching $138.16. 3,029,422 shares of the company's stock traded hands, compared to its average volume of 2,728,393. The company has a market capitalization of $55.96 billion, a P/E ratio of 48.99, a PEG ratio of 1.51 and a beta of 1.50. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm's 50-day moving average is $120.37 and its 200 day moving average is $109.09. Howmet Aerospace Inc. has a 1 year low of $62.80 and a 1 year high of $140.55.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.03. The business had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. Equities research analysts expect that Howmet Aerospace Inc. will post 3.24 EPS for the current year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, February 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.29%. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.08. Howmet Aerospace's dividend payout ratio (DPR) 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.