Howmet Aerospace Inc. (NYSE:HWM) Stock Position Trimmed by Prudential Financial Inc.

Prudential Financial Inc. cut its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 47.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 530,801 shares of the company's stock after selling 476,226 shares during the quarter. Prudential Financial Inc. owned about 0.13% of Howmet Aerospace worth $58,054,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in Howmet Aerospace during the 4th quarter worth approximately $26,000. Washington Trust Advisors Inc. purchased a new stake in Howmet Aerospace during the fourth quarter worth approximately $29,000. Global Trust Asset Management LLC acquired a new stake in shares of Howmet Aerospace in the fourth quarter worth $33,000. Hanson & Doremus Investment Management purchased a new position in shares of Howmet Aerospace in the 4th quarter valued at $34,000. Finally, ORG Partners LLC acquired a new position in shares of Howmet Aerospace during the 4th quarter valued at $44,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on HWM. Barclays raised their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. The Goldman Sachs Group raised their target price on Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Wells Fargo & Company upped their price target on Howmet Aerospace from $129.00 to $132.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. Truist Financial reiterated a "buy" rating and set a $140.00 price objective (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Finally, Morgan Stanley upped their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company 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 given a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $123.28.

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Howmet Aerospace Stock Performance

Shares of HWM traded down $2.82 during mid-day trading on Friday, hitting $129.61. The stock had a trading volume of 1,945,000 shares, compared to its average volume of 2,747,326. Howmet Aerospace Inc. has a fifty-two week low of $62.80 and a fifty-two week 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 $52.50 billion, a PE ratio of 45.96, a PEG ratio of 1.92 and a beta of 1.54. The company's fifty day simple moving average is $129.41 and its two-hundred day simple moving average is $115.89.

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, topping analysts' consensus estimates of $0.71 by $0.03. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. On average, equities analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid 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 0.31%. The ex-dividend date was Friday, February 7th. Howmet Aerospace's payout ratio is presently 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.