Principal Financial Group Inc. Has $52.13 Million Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Principal Financial Group Inc. cut its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 476,593 shares of the company's stock after selling 7,752 shares during the period. Principal Financial Group Inc. owned 0.12% of Howmet Aerospace worth $52,125,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HWM. RiverPark Advisors LLC bought a new position in shares of Howmet Aerospace in the 3rd quarter valued at approximately $26,000. R Squared Ltd bought a new position in shares of Howmet Aerospace in the 4th quarter valued at approximately $26,000. Hollencrest Capital Management bought a new position in shares of Howmet Aerospace in the 3rd quarter valued at approximately $30,000. Global Trust Asset Management LLC bought a new position in shares of Howmet Aerospace in the 4th quarter valued at approximately $33,000. Finally, Hanson & Doremus Investment Management bought a new position in shares of Howmet Aerospace in the 4th quarter valued at approximately $34,000. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Stock Performance

Shares of NYSE:HWM traded down $8.61 during trading on Friday, hitting $129.83. 3,517,780 shares of the stock were exchanged, compared to its average volume of 2,517,588. Howmet Aerospace Inc. has a 1-year low of $62.80 and a 1-year high of $140.55. The company has a market capitalization of $52.58 billion, a price-to-earnings ratio of 46.04, a price-to-earnings-growth ratio of 1.92 and a beta of 1.50. The company's fifty day simple moving average is $121.18 and its 200-day simple moving average is $109.59. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17.

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

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. The ex-dividend date is Friday, February 7th. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.08. Howmet Aerospace's dividend payout ratio is presently 14.18%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on HWM shares. Barclays raised their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Tuesday. Robert W. Baird lifted their price target on Howmet Aerospace from $113.00 to $144.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. UBS Group lifted their price target on Howmet Aerospace from $103.00 to $120.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Morgan Stanley lifted their price target on Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Susquehanna lifted their price target on Howmet Aerospace from $120.00 to $132.00 and gave the stock a "positive" rating in a research report on Thursday, November 7th. One 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 stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $123.28.

Howmet Aerospace Company 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.