Hardman Johnston Global Advisors LLC Has $103.78 Million Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Hardman Johnston Global Advisors LLC decreased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 948,887 shares of the company’s stock after selling 56,865 shares during the quarter. Howmet Aerospace comprises about 4.3% of Hardman Johnston Global Advisors LLC’s investment portfolio, making the stock its 6th largest position. Hardman Johnston Global Advisors LLC owned about 0.23% of Howmet Aerospace worth $103,780,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd bought a new stake in shares of Howmet Aerospace in the 4th quarter worth about $1,467,000. MONECO Advisors LLC increased its stake in Howmet Aerospace by 19.9% during the fourth quarter. MONECO Advisors LLC now owns 2,745 shares of the company’s stock worth $300,000 after acquiring an additional 456 shares during the last quarter. Howard Capital Management Inc. lifted its stake in shares of Howmet Aerospace by 5.5% in the 4th quarter. Howard Capital Management Inc. now owns 2,611 shares of the company’s stock valued at $286,000 after purchasing an additional 135 shares during the last quarter. WESPAC Advisors LLC lifted its stake in shares of Howmet Aerospace by 3.5% in the 4th quarter. WESPAC Advisors LLC now owns 9,361 shares of the company’s stock valued at $1,024,000 after purchasing an additional 314 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Howmet Aerospace by 8.7% in the 4th quarter. First Horizon Advisors Inc. now owns 3,551 shares of the company’s stock worth $388,000 after purchasing an additional 285 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Down 6.2 %

NYSE HWM opened at $129.83 on Monday. Howmet Aerospace Inc. has a one year low of $62.80 and a one year high of $140.55. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The company has a market capitalization of $52.58 billion, a price-to-earnings ratio of 46.04, a price-to-earnings-growth ratio of 1.92 and a beta of 1.50. The company’s 50-day simple moving average is $121.18 and its two-hundred day simple moving average is $109.89.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.03. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. Equities analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

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

Wall Street Analyst Weigh In

HWM has been the subject of a number of analyst reports. UBS Group raised their price target on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Morgan Stanley upped their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Truist Financial reissued a “buy” rating and issued a $140.00 price objective (up from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Barclays boosted their target price on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Finally, The Goldman Sachs Group increased their price target on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.28.

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.