Dorsey Wright & Associates Reduces Position in Howmet Aerospace Inc. (NYSE:HWM)

Dorsey Wright & Associates lowered its stake in Howmet Aerospace Inc. (NYSE:HWM) by 1.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 20,425 shares of the company’s stock after selling 257 shares during the period. Dorsey Wright & Associates’ holdings in Howmet Aerospace were worth $2,234,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Murphy & Mullick Capital Management Corp purchased a new position in Howmet Aerospace in the 4th quarter worth $25,000. R Squared Ltd purchased a new position in shares of Howmet Aerospace in the fourth quarter worth about $26,000. Washington Trust Advisors Inc. acquired a new stake in shares of Howmet Aerospace during the fourth quarter worth about $29,000. Global Trust Asset Management LLC purchased a new stake in Howmet Aerospace in the fourth quarter valued at approximately $33,000. Finally, Hanson & Doremus Investment Management acquired a new position in Howmet Aerospace in the 4th quarter worth approximately $34,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on HWM shares. Truist Financial reaffirmed a “buy” rating and issued a $140.00 price objective (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. 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 research report on Friday, February 14th. Barclays boosted their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. The Goldman Sachs Group raised their target price on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, Wells Fargo & Company boosted 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. One investment 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $123.28.

Howmet Aerospace Trading Down 2.1 %

HWM stock opened at $129.61 on Friday. The business’s 50-day moving average is $129.41 and its 200 day moving average is $115.89. Howmet Aerospace Inc. has a 12-month low of $62.80 and a 12-month high of $140.55. The stock has a market cap of $52.50 billion, a price-to-earnings ratio of 45.96, a PEG ratio of 1.92 and a beta of 1.54. 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 issued its quarterly earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.71 by $0.03. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. On average, sell-side analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS 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 dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. 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.