Heritage Investors Management Corp Reduces Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Heritage Investors Management Corp decreased its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,141 shares of the company’s stock after selling 649 shares during the period. Heritage Investors Management Corp’s holdings in Howmet Aerospace were worth $2,064,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HWM. Valeo Financial Advisors LLC increased its position in shares of Howmet Aerospace by 4.6% during the 4th quarter. Valeo Financial Advisors LLC now owns 4,571 shares of the company’s stock valued at $247,000 after purchasing an additional 200 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Howmet Aerospace by 10.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,259 shares of the company’s stock worth $122,000 after buying an additional 205 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of Howmet Aerospace by 61.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 558 shares of the company’s stock worth $26,000 after acquiring an additional 212 shares during the last quarter. Lindbrook Capital LLC grew its position in Howmet Aerospace by 34.4% in the 4th quarter. Lindbrook Capital LLC now owns 894 shares of the company’s stock valued at $48,000 after acquiring an additional 229 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Howmet Aerospace by 0.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,869 shares of the company’s stock worth $2,645,000 after purchasing an additional 247 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Stock Performance

Shares of HWM stock traded up $0.66 during trading hours on Thursday, hitting $82.03. The company’s stock had a trading volume of 2,336,019 shares, compared to its average volume of 3,473,477. The stock has a market cap of $33.48 billion, a PE ratio of 39.54, a price-to-earnings-growth ratio of 1.89 and a beta of 1.41. The company has a 50 day moving average of $67.55 and a 200 day moving average of $58.83. Howmet Aerospace Inc. has a 12-month low of $42.17 and a 12-month high of $82.03. The company has a current ratio of 1.97, a quick ratio of 0.92 and a debt-to-equity ratio of 0.86.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, May 2nd. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. Howmet Aerospace had a return on equity of 21.33% and a net margin of 12.53%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the prior year, the business earned $0.42 earnings per share. The company’s revenue was up 13.8% compared to the same quarter last year. On average, sell-side analysts forecast that Howmet Aerospace Inc. will post 2.37 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, May 10th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.20 annualized dividend and a yield of 0.24%. Howmet Aerospace’s dividend payout ratio is presently 9.66%.

Analyst Upgrades and Downgrades

HWM has been the subject of a number of research analyst reports. Robert W. Baird lifted their price objective on shares of Howmet Aerospace from $74.00 to $84.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. lifted their target price on Howmet Aerospace from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, February 14th. Royal Bank of Canada lifted their price objective on Howmet Aerospace from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Argus boosted their price target on shares of Howmet Aerospace from $75.00 to $90.00 and gave the company a “buy” rating in a report on Monday. Finally, Truist Financial boosted their price objective on shares of Howmet Aerospace from $74.00 to $88.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $73.67.

Insider Buying and Selling at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 45,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the sale, the executive vice president now directly owns 229,568 shares in the company, valued at approximately $15,482,065.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.12% of the stock is owned by corporate insiders.

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.