Loomis Sayles & Co. L P Sells 109 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Loomis Sayles & Co. L P cut its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 9.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,048 shares of the company’s stock after selling 109 shares during the period. Loomis Sayles & Co. L P’s holdings in Howmet Aerospace were worth $115,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HWM. Stifel Financial Corp raised its holdings in Howmet Aerospace by 12.1% during the third quarter. Stifel Financial Corp now owns 263,830 shares of the company’s stock worth $26,450,000 after acquiring an additional 28,568 shares in the last quarter. Vista Investment Partners LLC bought a new stake in shares of Howmet Aerospace during the 4th quarter worth approximately $531,000. Genesis Private Wealth LLC acquired a new stake in shares of Howmet Aerospace in the 4th quarter valued at approximately $249,000. Ameritas Advisory Services LLC bought a new position in shares of Howmet Aerospace in the fourth quarter valued at $289,000. Finally, Geneos Wealth Management Inc. increased its holdings in Howmet Aerospace by 303.1% during the fourth quarter. Geneos Wealth Management Inc. now owns 10,960 shares of the company’s stock worth $1,199,000 after buying an additional 8,241 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Down 2.1 %

NYSE HWM opened at $129.61 on Monday. The company 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. The company has a 50 day moving average of $129.41 and a 200-day moving average of $116.04. 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 (EPS) for the quarter, topping 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 the consensus estimate of $1.88 billion. On average, equities research analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently disclosed 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 an increase 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 was Friday, February 7th. Howmet Aerospace’s dividend payout ratio is currently 14.18%.

Wall Street Analysts Forecast Growth

HWM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Morgan Stanley raised their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Truist Financial reissued a “buy” rating and set a $140.00 price target (up previously from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. The Goldman Sachs Group raised their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, Barclays lifted their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note 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. According to MarketBeat, Howmet Aerospace has a consensus rating of “Moderate Buy” and a consensus price target of $123.28.

Howmet Aerospace 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.