Thrivent Financial for Lutherans Reduces Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Thrivent Financial for Lutherans trimmed its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 29.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,517,558 shares of the company's stock after selling 631,965 shares during the quarter. Thrivent Financial for Lutherans owned 0.37% of Howmet Aerospace worth $165,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HWM. Assetmark Inc. lifted its position in Howmet Aerospace by 40.0% during the 3rd quarter. Assetmark Inc. now owns 441 shares of the company's stock worth $44,000 after acquiring an additional 126 shares during the period. Prime Capital Investment Advisors LLC acquired a new stake in Howmet Aerospace during the 3rd quarter worth about $201,000. KBC Group NV lifted its position in Howmet Aerospace by 25.2% during the 3rd quarter. KBC Group NV now owns 47,272 shares of the company's stock worth $4,739,000 after acquiring an additional 9,525 shares during the period. Huntington National Bank lifted its position in Howmet Aerospace by 11.1% during the 3rd quarter. Huntington National Bank now owns 1,526 shares of the company's stock worth $153,000 after acquiring an additional 152 shares during the period. Finally, OneDigital Investment Advisors LLC lifted its position in Howmet Aerospace by 2.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company's stock worth $527,000 after acquiring an additional 124 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

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Howmet Aerospace Price Performance

NYSE:HWM traded down $0.97 during trading hours on Friday, hitting $130.70. 3,841,393 shares of the stock were exchanged, compared to its average volume of 2,637,462. Howmet Aerospace Inc. has a 52-week low of $62.80 and a 52-week high of $140.55. The firm's fifty day moving average price is $128.09 and its 200 day moving average price is $114.31. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The company has a market cap of $52.94 billion, a P/E ratio of 46.35, a P/E/G ratio of 1.92 and a beta of 1.54.

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

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. Howmet Aerospace's dividend payout ratio is 14.18%.

Analysts Set New Price Targets

HWM has been the subject of several analyst reports. Wells Fargo & Company boosted their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Truist Financial reissued a "buy" rating and issued a $140.00 price objective (up previously from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Morgan Stanley boosted their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Barclays boosted their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. boosted their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Howmet Aerospace has a consensus rating of "Moderate Buy" and an average target price of $123.28.

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.