B. Metzler seel. Sohn & Co. AG Cuts Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

B. Metzler seel. Sohn & Co. AG lessened its stake in Howmet Aerospace Inc. (NYSE:HWM) by 7.9% during the fourth quarter, Holdings Channel reports. The firm owned 208,240 shares of the company’s stock after selling 17,900 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Howmet Aerospace were worth $22,849,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new position in Howmet Aerospace in the fourth quarter valued at $25,000. Meeder Asset Management Inc. lifted its stake in shares of 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. R Squared Ltd purchased a new stake in shares of Howmet Aerospace during the 4th quarter worth about $26,000. Washington Trust Advisors Inc. purchased a new stake in shares of Howmet Aerospace during the 4th quarter worth about $29,000. Finally, Global Trust Asset Management LLC purchased a new position in Howmet Aerospace in the fourth quarter valued at approximately $33,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HWM. The Goldman Sachs Group boosted their price objective 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. Wells Fargo & Company increased their price target on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. boosted their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Truist Financial reaffirmed a “buy” rating and issued a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Finally, Barclays raised their target price on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and an average target price of $123.28.

Howmet Aerospace Price Performance

Shares of HWM stock opened at $129.61 on Monday. The firm has a market cap of $52.50 billion, a P/E ratio of 45.96, a P/E/G ratio of 1.92 and a beta of 1.54. The firm has a fifty day moving average of $129.41 and a two-hundred day moving average of $116.04. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. Howmet Aerospace Inc. has a 1-year low of $62.80 and a 1-year high of $140.55.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. As a group, research 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 declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were given a dividend of $0.10 per share. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend was Friday, February 7th. Howmet Aerospace’s dividend payout ratio is currently 14.18%.

Howmet Aerospace Company 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.