Ensign Peak Advisors Inc Trims Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Ensign Peak Advisors Inc reduced its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 4.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 152,717 shares of the company’s stock after selling 6,336 shares during the period. Ensign Peak Advisors Inc’s holdings in Howmet Aerospace were worth $16,703,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Howmet Aerospace by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company’s stock valued at $5,153,220,000 after purchasing an additional 352,256 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Howmet Aerospace by 14.0% during the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company’s stock valued at $2,209,071,000 after buying an additional 2,486,649 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Howmet Aerospace by 0.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,213,937 shares of the company’s stock valued at $1,445,210,000 after buying an additional 80,972 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Howmet Aerospace by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 9,810,797 shares of the company’s stock worth $1,070,267,000 after buying an additional 308,574 shares during the period. Finally, Norges Bank purchased a new stake in Howmet Aerospace in the 4th quarter worth $1,001,558,000. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Price Performance

Howmet Aerospace stock opened at $157.40 on Monday. Howmet Aerospace Inc. has a 52-week low of $76.83 and a 52-week high of $162.67. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The firm’s fifty day moving average is $131.46 and its 200 day moving average is $123.09. The company has a market cap of $63.54 billion, a price-to-earnings ratio of 55.82, a PEG ratio of 1.92 and a beta of 1.37.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the firm posted $0.53 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. Sell-side analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a yield of 0.25%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 13.03%.

Insider Buying and Selling at Howmet Aerospace

In related news, VP Barbara Lou Shultz sold 1,250 shares of Howmet Aerospace stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $155.17, for a total transaction of $193,962.50. Following the completion of the transaction, the vice president now directly owns 23,044 shares of the company’s stock, valued at approximately $3,575,737.48. The trade was a 5.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on HWM shares. Barclays boosted their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Truist Financial lowered their price target on Howmet Aerospace from $140.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. The Goldman Sachs Group upped their price target on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. UBS Group lifted their price objective on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. Finally, Benchmark boosted their target price on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, April 21st. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.53.

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.