Trek Financial LLC lowered its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 29.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,003 shares of the company's stock after selling 17,763 shares during the quarter. Trek Financial LLC's holdings in Howmet Aerospace were worth $4,703,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of HWM. Private Trust Co. NA increased its position in shares of Howmet Aerospace by 28.0% during the fourth quarter. Private Trust Co. NA now owns 407 shares of the company's stock worth $45,000 after acquiring an additional 89 shares during the period. O Neil Global Advisors Inc. grew its stake in Howmet Aerospace by 0.5% in the fourth quarter. O Neil Global Advisors Inc. now owns 19,527 shares of the company's stock worth $2,136,000 after purchasing an additional 90 shares in the last quarter. Brooklyn Investment Group increased its holdings in Howmet Aerospace by 6.1% during the 4th quarter. Brooklyn Investment Group now owns 1,678 shares of the company's stock worth $183,000 after purchasing an additional 97 shares during the period. Frank Rimerman Advisors LLC raised its position in Howmet Aerospace by 0.7% during the 4th quarter. Frank Rimerman Advisors LLC now owns 15,035 shares of the company's stock valued at $1,644,000 after purchasing an additional 100 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. lifted its holdings in shares of Howmet Aerospace by 1.4% in the 4th quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company's stock worth $838,000 after buying an additional 104 shares during the period. Institutional investors own 90.46% of the company's stock.
Howmet Aerospace Stock Performance
Shares of NYSE HWM traded up $1.03 during mid-day trading on Friday, hitting $125.22. The stock had a trading volume of 803,835 shares, compared to its average volume of 2,747,321. The company has a 50 day moving average of $128.80 and a two-hundred day moving average of $117.84. Howmet Aerospace Inc. has a twelve month low of $62.80 and a twelve 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. The firm has a market cap of $50.72 billion, a PE ratio of 44.17, a PEG ratio of 1.92 and a beta of 1.25.
Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share (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 firm had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.88 billion. Research analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.
Howmet Aerospace Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. Howmet Aerospace's dividend payout ratio (DPR) is presently 14.18%.
Analyst Upgrades and Downgrades
HWM has been the topic of several research reports. The Goldman Sachs Group raised their price target on Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Barclays boosted their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Truist Financial reissued a "buy" rating and set a $140.00 price objective (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Morgan Stanley upped their target price on Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Finally, Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Howmet Aerospace has an average rating of "Moderate Buy" and an average price target of $123.28.
Check Out Our Latest Stock 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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