Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. cut its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 3.3% during the 4th quarter, Holdings Channel reports. The firm owned 21,834 shares of the company’s stock after selling 739 shares during the period. Securian Asset Management Inc.’s holdings in Howmet Aerospace were worth $2,388,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of HWM. RiverPark Advisors LLC bought a new stake in shares of Howmet Aerospace during the 3rd quarter worth $26,000. R Squared Ltd bought a new stake in shares of Howmet Aerospace during the 4th quarter worth $26,000. Washington Trust Advisors Inc. bought a new stake in shares of Howmet Aerospace during the 4th quarter worth $29,000. Global Trust Asset Management LLC bought a new stake in shares of Howmet Aerospace during the 4th quarter worth $33,000. Finally, Hanson & Doremus Investment Management bought a new stake in shares of Howmet Aerospace during the 4th quarter worth $34,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Performance

Shares of NYSE HWM opened at $122.43 on Friday. The business’s 50-day moving average price is $126.11 and its two-hundred day moving average price is $112.94. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. Howmet Aerospace Inc. has a one year low of $62.80 and a one year high of $140.55. The company has a market capitalization of $49.59 billion, a P/E ratio of 43.42, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.88 billion. Analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a $0.10 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.33%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s payout ratio is currently 14.18%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on HWM shares. Truist Financial reissued a “buy” rating and set a $140.00 price objective (up from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. The Goldman Sachs Group raised their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Barclays raised their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Morgan Stanley lifted their price target on Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. lifted their price target 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 given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $123.28.

Howmet Aerospace Company 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.