Howmet Aerospace Inc. (NYSE:HWM) Position Cut by Barometer Capital Management Inc.

Barometer Capital Management Inc. lessened its holdings in Howmet Aerospace Inc. (NYSE:HWMFree Report) by 6.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,630 shares of the company’s stock after selling 5,840 shares during the period. Howmet Aerospace comprises approximately 1.3% of Barometer Capital Management Inc.’s portfolio, making the stock its 28th biggest position. Barometer Capital Management Inc.’s holdings in Howmet Aerospace were worth $3,775,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of HWM. Massachusetts Financial Services Co. MA boosted its position in Howmet Aerospace by 4.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 23,507,379 shares of the company’s stock valued at $1,087,216,000 after purchasing an additional 897,463 shares during the last quarter. Geode Capital Management LLC boosted its position in Howmet Aerospace by 2.3% during the first quarter. Geode Capital Management LLC now owns 7,816,660 shares of the company’s stock valued at $330,459,000 after purchasing an additional 178,280 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Howmet Aerospace by 36.2% during the second quarter. JPMorgan Chase & Co. now owns 6,054,451 shares of the company’s stock valued at $300,059,000 after purchasing an additional 1,610,101 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Howmet Aerospace by 1.8% during the third quarter. Bank of New York Mellon Corp now owns 5,974,767 shares of the company’s stock valued at $276,333,000 after purchasing an additional 107,718 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Howmet Aerospace by 6.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,079,231 shares of the company’s stock valued at $172,838,000 after purchasing an additional 244,271 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock traded down $0.53 during trading on Monday, reaching $57.19. The company’s stock had a trading volume of 308,535 shares, compared to its average volume of 3,098,133. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.94 and a current ratio of 2.14. The business’s fifty day moving average price is $54.14 and its 200-day moving average price is $50.10. The firm has a market cap of $23.55 billion, a price-to-earnings ratio of 37.97, a price-to-earnings-growth ratio of 1.24 and a beta of 1.40. Howmet Aerospace Inc. has a one year low of $38.17 and a one year high of $57.94.

Howmet Aerospace (NYSE:HWMGet Free Report) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.60 billion. Howmet Aerospace had a return on equity of 19.15% and a net margin of 9.97%. As a group, equities research analysts predict that Howmet Aerospace Inc. will post 1.78 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 26th. Investors of record on Friday, February 9th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.20 annualized dividend and a yield of 0.35%. Howmet Aerospace’s dividend payout ratio is 13.16%.

Analyst Ratings Changes

A number of analysts recently issued reports on HWM shares. Sanford C. Bernstein started coverage on Howmet Aerospace in a research report on Friday, January 5th. They set an “outperform” rating and a $67.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on Howmet Aerospace from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Wednesday, December 20th. Truist Financial upgraded Howmet Aerospace from a “hold” rating to a “buy” rating and raised their target price for the company from $47.00 to $74.00 in a report on Wednesday, January 10th. UBS Group assumed coverage on Howmet Aerospace in a report on Tuesday, October 10th. They set a “neutral” rating and a $51.00 target price on the stock. Finally, KeyCorp raised their target price on Howmet Aerospace from $52.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.29.

Check Out Our Latest Stock Report on HWM

About Howmet Aerospace

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Howmet Aerospace (NYSE:HWM)

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