Fmr LLC Lowers Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Fmr LLC reduced its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,972,160 shares of the company’s stock after selling 330,863 shares during the period. Fmr LLC’s holdings in Howmet Aerospace were worth $1,746,875,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in HWM. Stifel Financial Corp grew its position in Howmet Aerospace by 12.1% during the third quarter. Stifel Financial Corp now owns 263,830 shares of the company’s stock worth $26,450,000 after buying an additional 28,568 shares in the last quarter. Vista Investment Partners LLC bought a new position in shares of Howmet Aerospace in the fourth quarter worth approximately $531,000. Genesis Private Wealth LLC purchased a new stake in Howmet Aerospace in the fourth quarter valued at approximately $249,000. Ameritas Advisory Services LLC bought a new stake in Howmet Aerospace during the fourth quarter valued at approximately $289,000. Finally, Geneos Wealth Management Inc. grew its stake in Howmet Aerospace by 303.1% in the 4th quarter. Geneos Wealth Management Inc. now owns 10,960 shares of the company’s stock worth $1,199,000 after buying an additional 8,241 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Down 10.1 %

NYSE HWM opened at $112.32 on Monday. 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 Inc. has a fifty-two week low of $62.80 and a fifty-two week high of $140.55. The stock has a market cap of $45.49 billion, a P/E ratio of 39.83, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The stock has a 50 day simple moving average of $129.39 and a two-hundred day simple moving average of $117.16.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.88 billion. On average, analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a dividend of $0.10 per share. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.36%. Howmet Aerospace’s dividend payout ratio is 14.18%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HWM. Truist Financial restated a “buy” rating and set a $140.00 price objective (up previously from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Barclays lifted 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. Morgan Stanley increased their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. boosted their target price on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, The Goldman Sachs Group upped their target price on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.28.

About Howmet Aerospace

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.