Thrivent Financial for Lutherans Decreases Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Thrivent Financial for Lutherans decreased its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 29.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,517,558 shares of the company’s stock after selling 631,965 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.37% of Howmet Aerospace worth $165,976,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of HWM. R Squared Ltd acquired a new stake in Howmet Aerospace in the fourth quarter valued at $26,000. Washington Trust Advisors Inc. acquired a new position in Howmet Aerospace during the 4th quarter worth $29,000. Global Trust Asset Management LLC acquired a new stake in shares of Howmet Aerospace in the 4th quarter valued at about $33,000. Hanson & Doremus Investment Management acquired a new stake in shares of Howmet Aerospace in the 4th quarter valued at about $34,000. Finally, Assetmark Inc. lifted its position in shares of Howmet Aerospace by 40.0% during the third quarter. Assetmark Inc. now owns 441 shares of the company’s stock worth $44,000 after purchasing an additional 126 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HWM shares. Truist Financial restated a “buy” rating and set a $140.00 price objective (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Barclays lifted their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Wells Fargo & Company increased their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Morgan Stanley lifted their price target on shares of 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. increased their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $123.28.

Howmet Aerospace Stock Performance

Shares of HWM opened at $129.28 on Tuesday. The firm has a market capitalization of $52.36 billion, a PE ratio of 45.84, a P/E/G ratio of 1.92 and a beta of 1.54. 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 firm has a 50-day moving average price of $126.72 and a 200 day moving average price of $113.60. Howmet Aerospace Inc. has a 52-week low of $62.80 and a 52-week high of $140.55.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. On average, sell-side analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were issued a $0.10 dividend. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, February 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. Howmet Aerospace’s dividend payout ratio is 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.