Schroder Investment Management Group Lowers Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Schroder Investment Management Group cut its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,835,609 shares of the company’s stock after selling 147,642 shares during the quarter. Schroder Investment Management Group’s holdings in Howmet Aerospace were worth $312,711,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Stifel Financial Corp boosted its stake in shares of Howmet Aerospace by 12.1% in the 3rd quarter. Stifel Financial Corp now owns 263,830 shares of the company’s stock worth $26,450,000 after buying an additional 28,568 shares during the last quarter. Vista Investment Partners LLC purchased a new stake in shares of Howmet Aerospace during the fourth quarter valued at approximately $531,000. Genesis Private Wealth LLC bought a new stake in Howmet Aerospace during the fourth quarter worth $249,000. Ameritas Advisory Services LLC purchased a new position in Howmet Aerospace in the fourth quarter worth $289,000. Finally, Geneos Wealth Management Inc. grew its stake in Howmet Aerospace by 303.1% in the 4th quarter. Geneos Wealth Management Inc. now owns 10,960 shares of the company’s stock valued at $1,199,000 after purchasing an additional 8,241 shares during the period. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Stock Performance

Howmet Aerospace stock opened at $129.61 on Friday. The firm’s 50 day simple moving average is $129.41 and its 200 day simple moving average is $115.89. 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 Inc. has a 1-year low of $62.80 and a 1-year high of $140.55. The firm has a market capitalization of $52.50 billion, a PE ratio of 45.96, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54.

Howmet Aerospace (NYSE:HWM) last posted its 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. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.88 billion. As a group, analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date was Friday, February 7th. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s payout ratio is currently 14.18%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on HWM shares. Truist Financial reissued a “buy” rating and issued a $140.00 price target (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. JPMorgan Chase & Co. increased their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Morgan Stanley raised their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Wells Fargo & Company upped their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Finally, Barclays raised their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.