Dimensional Fund Advisors LP Sells 35,873 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Dimensional Fund Advisors LP lowered its stake in Howmet Aerospace Inc. (NYSE:HWM) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,055,908 shares of the company’s stock after selling 35,873 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Howmet Aerospace were worth $224,871,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB grew its stake in shares of Howmet Aerospace by 45.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 7,397 shares of the company’s stock valued at $742,000 after purchasing an additional 2,324 shares during the period. Tidal Investments LLC grew its position in Howmet Aerospace by 60.0% during the third quarter. Tidal Investments LLC now owns 56,490 shares of the company’s stock valued at $5,663,000 after buying an additional 21,176 shares during the period. Franklin Resources Inc. increased its holdings in Howmet Aerospace by 58.0% during the third quarter. Franklin Resources Inc. now owns 570,476 shares of the company’s stock valued at $58,559,000 after buying an additional 209,492 shares during the last quarter. Oddo BHF Asset Management Sas bought a new position in Howmet Aerospace in the third quarter worth approximately $3,388,000. Finally, Retirement Systems of Alabama boosted its stake in shares of Howmet Aerospace by 332.6% during the 3rd quarter. Retirement Systems of Alabama now owns 370,027 shares of the company’s stock worth $37,095,000 after acquiring an additional 284,487 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HWM. Truist Financial decreased their target price on Howmet Aerospace from $140.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $118.00 price objective (down from $132.00) on shares of Howmet Aerospace in a research report on Tuesday, April 15th. Morgan Stanley increased their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. The Goldman Sachs Group lifted their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Finally, Benchmark increased their price objective on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $125.06.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock opened at $124.39 on Wednesday. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm has a market cap of $50.38 billion, a PE ratio of 44.11, a PEG ratio of 1.92 and a beta of 1.25. Howmet Aerospace Inc. has a 12 month low of $62.83 and a 12 month high of $140.55. The stock has a 50 day moving average of $128.16 and a 200 day moving average of $119.15.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.74 EPS 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 during the quarter, compared to analyst estimates of $1.88 billion. On average, research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 annualized dividend and a yield of 0.32%. Howmet Aerospace’s payout ratio is currently 14.18%.

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.