Howmet Aerospace Inc. $HWM Shares Sold by AGF Management Ltd.

AGF Management Ltd. lessened its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 41.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 676,875 shares of the company’s stock after selling 477,280 shares during the quarter. AGF Management Ltd.’s holdings in Howmet Aerospace were worth $132,823,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HWM. Traub Capital Management LLC purchased a new position in shares of Howmet Aerospace during the second quarter worth about $25,000. Winnow Wealth LLC purchased a new position in Howmet Aerospace during the 2nd quarter worth approximately $25,000. Newbridge Financial Services Group Inc. increased its position in Howmet Aerospace by 119.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after buying an additional 73 shares during the period. Tradewinds Capital Management LLC lifted its stake in Howmet Aerospace by 52.0% in the third quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock valued at $30,000 after buying an additional 52 shares during the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new stake in Howmet Aerospace in the 2nd quarter valued at $32,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on HWM shares. Morgan Stanley set a $225.00 price objective on shares of Howmet Aerospace and gave the company an “overweight” rating in a research report on Friday, October 31st. UBS Group lifted their price objective on Howmet Aerospace from $199.00 to $209.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Truist Financial set a $258.00 target price on Howmet Aerospace in a report on Friday, January 9th. The Goldman Sachs Group boosted their target price on shares of Howmet Aerospace from $205.00 to $226.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Finally, JPMorgan Chase & Co. raised their price target on shares of Howmet Aerospace from $190.00 to $227.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $224.53.

Howmet Aerospace Trading Down 1.1%

Shares of HWM opened at $206.62 on Monday. The stock has a market cap of $83.08 billion, a PE ratio of 58.46, a P/E/G ratio of 1.97 and a beta of 1.26. Howmet Aerospace Inc. has a 12 month low of $105.04 and a 12 month high of $226.87. The stock’s 50-day moving average is $207.62 and its two-hundred day moving average is $195.53. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.35 and a quick ratio of 1.14.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.81 EPS. Equities analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Friday, February 6th will be paid a $0.12 dividend. The ex-dividend date is Friday, February 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Howmet Aerospace’s dividend payout ratio is currently 13.48%.

Howmet Aerospace Profile

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.