Intech Investment Management LLC Has $3.48 Million Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Intech Investment Management LLC cut its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 74.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 31,788 shares of the company’s stock after selling 92,594 shares during the quarter. Intech Investment Management LLC’s holdings in Howmet Aerospace were worth $3,477,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. R Squared Ltd bought a new position in Howmet Aerospace in the fourth quarter valued at about $26,000. Washington Trust Advisors Inc. bought a new position in Howmet Aerospace in the fourth quarter valued at about $29,000. Global Trust Asset Management LLC bought a new position in Howmet Aerospace in the fourth quarter valued at about $33,000. Hanson & Doremus Investment Management bought a new position in Howmet Aerospace in the fourth quarter valued at about $34,000. Finally, ORG Partners LLC bought a new position in Howmet Aerospace in the fourth quarter valued at about $44,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HWM has been the topic of several recent research reports. Wells Fargo & Company raised 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. Barclays raised their price target on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. raised their target price on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. 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, Truist Financial restated a “buy” rating and set a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.28.

Howmet Aerospace Trading Up 3.0 %

NYSE HWM opened at $132.08 on Thursday. The firm has a market cap of $53.50 billion, a P/E ratio of 46.84, a P/E/G ratio of 1.92 and a beta of 1.54. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The stock’s 50-day moving average is $127.40 and its 200-day moving average is $113.96. Howmet Aerospace Inc. has a one year low of $62.80 and a one year high of $140.55.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.88 billion. Sell-side analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date was Friday, February 7th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio (DPR) is currently 14.18%.

About Howmet Aerospace

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.