National Pension Service Has $62.34 Million Stake in Howmet Aerospace Inc. (NYSE:HWM)

National Pension Service trimmed its stake in Howmet Aerospace Inc. (NYSE:HWM) by 7.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 569,985 shares of the company’s stock after selling 49,091 shares during the period. National Pension Service’s holdings in Howmet Aerospace were worth $62,339,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. RiverPark Advisors LLC acquired a new stake in Howmet Aerospace in the third quarter valued at $26,000. R Squared Ltd acquired a new stake in Howmet Aerospace during the 4th quarter worth about $26,000. Hollencrest Capital Management acquired a new stake in Howmet Aerospace during the 3rd quarter worth about $30,000. Global Trust Asset Management LLC acquired a new stake in Howmet Aerospace during the 4th quarter worth about $33,000. Finally, Hanson & Doremus Investment Management acquired a new stake in Howmet Aerospace during the 4th quarter worth about $34,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $133.62 on Friday. Howmet Aerospace Inc. has a fifty-two week low of $62.80 and a fifty-two week high of $140.55. The stock has a market cap of $54.12 billion, a price-to-earnings ratio of 47.38, a PEG ratio of 1.92 and a beta of 1.50. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The firm’s 50-day simple moving average is $122.85 and its 200 day simple moving average is $110.73.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results 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 net margin of 15.55% and a return on equity of 25.74%. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were given a $0.10 dividend. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.40 annualized dividend and a yield of 0.30%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 14.18%.

Analysts Set New Price Targets

A number of analysts have weighed in on HWM shares. JPMorgan Chase & Co. increased their price target on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Bank of America increased their price target on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. UBS Group increased their price target on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Morgan Stanley increased their price target on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Finally, Truist Financial reiterated a “buy” rating and set a $140.00 price target (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. One equities 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $123.28.

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.