Alberta Investment Management Corp Sells 4,800 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Alberta Investment Management Corp cut its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 10.7% during the fourth quarter, Holdings Channel reports. The fund owned 40,200 shares of the company’s stock after selling 4,800 shares during the period. Alberta Investment Management Corp’s holdings in Howmet Aerospace were worth $4,397,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Global Retirement Partners LLC grew its holdings in shares of Howmet Aerospace by 82.4% during the fourth quarter. Global Retirement Partners LLC now owns 1,107 shares of the company’s stock worth $121,000 after purchasing an additional 500 shares during the last quarter. DSM Capital Partners LLC lifted its position in Howmet Aerospace by 21.0% during the 4th quarter. DSM Capital Partners LLC now owns 1,011,961 shares of the company’s stock worth $110,678,000 after buying an additional 175,409 shares in the last quarter. Kestra Investment Management LLC bought a new stake in Howmet Aerospace during the 4th quarter worth about $67,000. Venturi Wealth Management LLC increased its position in Howmet Aerospace by 18.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,490 shares of the company’s stock valued at $163,000 after acquiring an additional 228 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its position in shares of Howmet Aerospace by 6.6% during the fourth quarter. D.A. Davidson & CO. now owns 13,921 shares of the company’s stock worth $1,523,000 after purchasing an additional 866 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on HWM shares. Barclays increased their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday. Morgan Stanley boosted their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday. JPMorgan Chase & Co. increased their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Truist Financial reissued a “buy” rating and set a $140.00 price target (up from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Finally, UBS Group raised their price target on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $123.28.

Howmet Aerospace Trading Up 2.0 %

NYSE:HWM opened at $139.36 on Thursday. The firm has a fifty day simple moving average of $120.37 and a two-hundred day simple moving average of $109.09. Howmet Aerospace Inc. has a 12 month low of $62.70 and a 12 month high of $140.55. The stock has a market capitalization of $56.62 billion, a price-to-earnings ratio of 49.42, a PEG ratio of 1.51 and a beta of 1.50. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping 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 firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. Analysts expect that Howmet Aerospace Inc. will post 3.17 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, February 7th. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.29%. Howmet Aerospace’s dividend payout ratio (DPR) 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.