Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Mount Lucas Management LP

Mount Lucas Management LP lowered its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 17.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,579 shares of the company’s stock after selling 544 shares during the quarter. Mount Lucas Management LP’s holdings in Howmet Aerospace were worth $282,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HWM. Principal Financial Group Inc. raised its holdings in Howmet Aerospace by 7.9% during the third quarter. Principal Financial Group Inc. now owns 484,345 shares of the company’s stock worth $48,556,000 after purchasing an additional 35,601 shares in the last quarter. Assetmark Inc. raised its holdings in 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 in the last quarter. Atria Investments Inc raised its holdings in Howmet Aerospace by 2.7% during the third quarter. Atria Investments Inc now owns 26,021 shares of the company’s stock worth $2,609,000 after purchasing an additional 673 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in Howmet Aerospace by 0.8% during the third quarter. State of New Jersey Common Pension Fund D now owns 142,116 shares of the company’s stock worth $14,247,000 after purchasing an additional 1,184 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in Howmet Aerospace by 34.5% during the third quarter. Venturi Wealth Management LLC now owns 1,262 shares of the company’s stock worth $127,000 after purchasing an additional 324 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on HWM shares. Wells Fargo & Company raised their price objective 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. Truist Financial reaffirmed a “buy” rating and issued a $140.00 target price (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Morgan Stanley lifted their target price 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. Bank of America lifted their target price on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.28.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $122.30 on Tuesday. The firm’s fifty day moving average price is $125.19 and its 200 day moving average price is $112.57. Howmet Aerospace Inc. has a 1-year low of $62.80 and a 1-year high of $140.55. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The firm has a market cap of $49.53 billion, a price-to-earnings ratio of 43.37, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.88 billion. On average, sell-side analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders 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 0.33%. The ex-dividend date was Friday, February 7th. Howmet Aerospace’s payout ratio is presently 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.