Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Barclays PLC

Barclays PLC trimmed its position in Howmet Aerospace Inc. (NYSE:HWM) by 42.8% in the fourth quarter, Holdings Channel reports. The firm owned 517,684 shares of the company’s stock after selling 388,139 shares during the quarter. Barclays PLC’s holdings in Howmet Aerospace were worth $56,620,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Trustmark National Bank Trust Department grew its position in shares of Howmet Aerospace by 5.2% in the 4th quarter. Trustmark National Bank Trust Department now owns 14,970 shares of the company’s stock worth $1,637,000 after acquiring an additional 743 shares in the last quarter. SageView Advisory Group LLC lifted its stake in Howmet Aerospace by 75.0% during the fourth quarter. SageView Advisory Group LLC now owns 6,405 shares of the company’s stock worth $701,000 after purchasing an additional 2,745 shares during the last quarter. WealthTrust Axiom LLC boosted its holdings in Howmet Aerospace by 4.0% in the fourth quarter. WealthTrust Axiom LLC now owns 46,062 shares of the company’s stock worth $5,038,000 after purchasing an additional 1,766 shares during the period. Sagespring Wealth Partners LLC bought a new stake in Howmet Aerospace during the fourth quarter valued at $329,000. Finally, Townsquare Capital LLC raised its holdings in shares of Howmet Aerospace by 6.7% during the fourth quarter. Townsquare Capital LLC now owns 3,108 shares of the company’s stock worth $340,000 after purchasing an additional 195 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. The Goldman Sachs Group increased their price target on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Wells Fargo & Company restated an “equal weight” rating and set a $118.00 price objective (down previously from $132.00) on shares of Howmet Aerospace in a research report on Tuesday. Truist Financial restated 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. Finally, JPMorgan Chase & Co. boosted their price target on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.50.

Howmet Aerospace Stock Down 0.4 %

HWM opened at $124.03 on Thursday. The stock’s fifty day moving average is $128.63 and its 200-day moving average is $118.43. 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 $50.24 billion, a PE ratio of 43.98, a P/E/G ratio of 1.92 and a beta of 1.25. 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 (NYSE:HWM) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. On average, equities analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be given a $0.10 dividend. The ex-dividend date is Friday, May 9th. This represents a $0.40 annualized dividend and a yield of 0.32%. Howmet Aerospace’s dividend payout ratio (DPR) is 14.18%.

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.