Howmet Aerospace Inc. (NYSE:HWM) Holdings Lowered by Sciencast Management LP

Sciencast Management LP decreased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 59.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,235 shares of the company's stock after selling 16,398 shares during the quarter. Sciencast Management LP's holdings in Howmet Aerospace were worth $1,229,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew 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 acquiring an additional 1,336,592 shares in the last quarter. State Street Corp increased its stake in Howmet Aerospace by 2.3% during the 3rd 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. Geode Capital Management LLC increased its stake in Howmet Aerospace by 5.0% during the 3rd 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. Boston Partners lifted its holdings in Howmet Aerospace by 6.4% in the 4th quarter. Boston Partners now owns 5,460,744 shares of the company's stock worth $597,460,000 after buying an additional 326,719 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Howmet Aerospace by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,351,189 shares of the company's stock valued at $257,150,000 after buying an additional 45,940 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several research analysts recently commented on the company. Barclays boosted their price target on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. The Goldman Sachs Group upped their target price on Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Morgan Stanley raised their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. lifted their price target on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Finally, Truist Financial reiterated a "buy" rating and set a $140.00 price objective (up from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $123.28.

Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock traded down $1.50 during trading on Thursday, hitting $132.64. 1,542,917 shares of the stock were exchanged, compared to its average volume of 2,636,416. The stock has a market cap of $53.72 billion, a PE ratio of 47.04, a P/E/G ratio of 1.92 and a beta of 1.54. The stock's fifty day moving average is $129.13 and its 200 day moving average is $115.36. Howmet Aerospace Inc. has a 12 month low of $62.80 and a 12 month 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.

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 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, sell-side analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.40 annualized dividend and a yield of 0.30%. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.08. 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.