Prudential PLC lowered its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 49.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,188 shares of the company's stock after selling 15,086 shares during the quarter. Prudential PLC's holdings in Howmet Aerospace were worth $1,661,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Landscape Capital Management L.L.C. lifted its stake in Howmet Aerospace by 91.4% in the fourth quarter. Landscape Capital Management L.L.C. now owns 15,103 shares of the company's stock valued at $1,652,000 after purchasing an additional 7,212 shares during the last quarter. Westpac Banking Corp lifted its position in shares of Howmet Aerospace by 458.7% during the 4th quarter. Westpac Banking Corp now owns 44,767 shares of the company's stock valued at $4,896,000 after buying an additional 36,755 shares during the last quarter. Cinctive Capital Management LP bought a new position in shares of Howmet Aerospace during the 4th quarter worth $547,000. Huntington National Bank increased its holdings in Howmet Aerospace by 14.3% in the 4th quarter. Huntington National Bank now owns 1,744 shares of the company's stock worth $191,000 after acquiring an additional 218 shares during the last quarter. Finally, Meeder Advisory Services Inc. raised its stake in Howmet Aerospace by 21.2% in the 4th quarter. Meeder Advisory Services Inc. now owns 5,131 shares of the company's stock valued at $561,000 after acquiring an additional 899 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on HWM shares. The Goldman Sachs Group lifted their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday. Wells Fargo & Company dropped their target price on Howmet Aerospace from $146.00 to $132.00 and set an "overweight" rating on the stock in a research report on Tuesday. Morgan Stanley lifted their price target on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Finally, Barclays boosted 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, February 18th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Howmet Aerospace currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.28.
Read Our Latest Stock Analysis on Howmet Aerospace
Howmet Aerospace Price Performance
NYSE:HWM traded down $0.81 during mid-day trading on Friday, reaching $123.38. The stock had a trading volume of 557,616 shares, compared to its average volume of 2,746,377. Howmet Aerospace Inc. has a one year low of $62.80 and a one year high of $140.55. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The firm has a 50 day moving average price of $128.80 and a two-hundred day moving average price of $117.84. The stock has a market capitalization of $49.97 billion, a P/E ratio of 43.86, a P/E/G ratio of 1.92 and a beta of 1.25.
Howmet Aerospace (NYSE:HWM - Get Free Report) last released its 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 company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. As a group, analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.
Howmet Aerospace Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be given a $0.10 dividend. The ex-dividend date is Friday, May 9th. This represents a $0.40 annualized dividend and a yield of 0.32%. Howmet Aerospace's payout ratio is currently 14.18%.
Howmet Aerospace Profile
(
Free Report)
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.
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