TD Asset Management Inc. trimmed its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,364,467 shares of the company's stock after selling 49,162 shares during the period. TD Asset Management Inc. owned about 0.83% of Howmet Aerospace worth $367,972,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Sheets Smith Investment Management acquired a new stake in Howmet Aerospace in the 4th quarter valued at about $1,666,000. Congress Wealth Management LLC DE lifted its holdings in shares of Howmet Aerospace by 1.9% in the fourth quarter. Congress Wealth Management LLC DE now owns 187,458 shares of the company's stock valued at $20,502,000 after purchasing an additional 3,452 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Howmet Aerospace by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company's stock valued at $5,153,220,000 after purchasing an additional 352,256 shares during the last quarter. LPL Financial LLC increased its stake in shares of Howmet Aerospace by 7.1% during the 4th quarter. LPL Financial LLC now owns 179,333 shares of the company's stock worth $19,614,000 after purchasing an additional 11,868 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $222,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.
Howmet Aerospace Trading Down 2.1 %
Shares of HWM traded down $2.82 during trading hours 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 12-month low of $62.80 and a 12-month high of $140.55. The firm has a market cap of $52.50 billion, a P/E ratio of 45.96, a P/E/G ratio of 1.92 and a beta of 1.54. 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 company's fifty day simple moving average is $129.41 and its 200 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 company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. Equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.
Howmet Aerospace Increases Dividend
The firm also recently disclosed 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. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend was Friday, February 7th. Howmet Aerospace's payout ratio is currently 14.18%.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. JPMorgan Chase & Co. increased their target price on Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Wells Fargo & Company increased their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. Barclays lifted their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Truist Financial restated a "buy" rating and issued a $140.00 target price (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Finally, The Goldman Sachs Group lifted their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. 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 stock. Based on data from MarketBeat.com, Howmet Aerospace currently has an average rating of "Moderate Buy" and a consensus price target of $123.28.
Get Our Latest Analysis on HWM
About Howmet Aerospace
(
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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