Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL decreased its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 4.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,344 shares of the company’s stock after selling 2,942 shares during the period. Gamco Investors INC. ET AL’s holdings in Howmet Aerospace were worth $7,365,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Murphy & Mullick Capital Management Corp purchased a new position in Howmet Aerospace in the fourth quarter valued at $25,000. Meeder Asset Management Inc. raised its position in Howmet Aerospace by 208.1% in the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock valued at $25,000 after purchasing an additional 154 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Howmet Aerospace in the 4th quarter valued at about $25,000. R Squared Ltd acquired a new position in shares of Howmet Aerospace during the fourth quarter worth about $26,000. Finally, Washington Trust Advisors Inc. purchased a new stake in shares of Howmet Aerospace during the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $124.03 on Thursday. The stock’s 50-day moving average price is $128.63 and its 200 day moving average price is $118.43. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $50.24 billion, a PE ratio of 43.98, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. Howmet Aerospace Inc. has a 52-week low of $62.80 and a 52-week high of $140.55.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (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 business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. As a group, equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

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

Analyst Upgrades and Downgrades

HWM has been the subject of a number of recent research reports. Northcoast Research upgraded shares of Howmet Aerospace from a “sell” rating to a “neutral” rating in a research note on Wednesday, April 9th. The Goldman Sachs Group boosted their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Truist Financial restated a “buy” rating and issued a $140.00 price target (up from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Morgan Stanley upped their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $118.00 target price (down previously from $132.00) on shares of Howmet Aerospace in a research report on Tuesday. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $122.50.

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.