Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Geneva Partners LLC

Geneva Partners LLC decreased its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 17.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,687 shares of the company’s stock after selling 5,398 shares during the quarter. Howmet Aerospace accounts for approximately 1.1% of Geneva Partners LLC’s portfolio, making the stock its 27th largest holding. Geneva Partners LLC’s holdings in Howmet Aerospace were worth $2,700,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HWM. JPMorgan Chase & Co. increased its position in shares of 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 buying an additional 1,336,592 shares in the last quarter. State Street Corp grew its position in shares of Howmet Aerospace by 2.3% in the third quarter. State Street Corp now owns 17,440,176 shares of the company’s stock valued at $1,748,378,000 after purchasing an additional 384,171 shares during the period. Geode Capital Management LLC increased its stake in shares of Howmet Aerospace by 5.0% during the third quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock worth $949,382,000 after purchasing an additional 453,275 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Howmet Aerospace by 5.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company’s stock worth $231,101,000 after purchasing an additional 114,457 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in Howmet Aerospace by 12.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 1,378,141 shares of the company’s stock valued at $138,159,000 after buying an additional 150,387 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Up 1.9 %

Shares of NYSE:HWM opened at $127.89 on Thursday. The firm has a 50 day simple moving average of $117.59 and a 200 day simple moving average of $105.95. Howmet Aerospace Inc. has a 52 week low of $57.66 and a 52 week high of $129.10. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The company has a market cap of $51.96 billion, a PE ratio of 48.81, a price-to-earnings-growth ratio of 1.43 and a beta of 1.50.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be issued a $0.10 dividend. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. Howmet Aerospace’s dividend payout ratio is currently 12.21%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Truist Financial upped their target price on shares of Howmet Aerospace from $128.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Royal Bank of Canada increased their target price on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Bank of America boosted their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. KeyCorp lowered Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Finally, UBS Group increased their price target on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Howmet Aerospace has an average rating of “Moderate Buy” and a consensus target price of $115.71.

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.