Trek Financial LLC Sells 17,763 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Trek Financial LLC decreased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 29.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,003 shares of the company’s stock after selling 17,763 shares during the period. Trek Financial LLC’s holdings in Howmet Aerospace were worth $4,703,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Norges Bank acquired a new position in Howmet Aerospace during the 4th quarter valued at about $1,001,558,000. JPMorgan Chase & Co. boosted its stake in Howmet Aerospace by 14.0% in the fourth quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company’s stock valued at $2,209,071,000 after acquiring an additional 2,486,649 shares during the last quarter. AustralianSuper Pty Ltd grew its holdings in Howmet Aerospace by 1,000.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company’s stock worth $101,772,000 after acquiring an additional 845,941 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Howmet Aerospace during the 4th quarter valued at $61,740,000. Finally, Sei Investments Co. lifted its stake in shares of Howmet Aerospace by 82.4% in the 4th quarter. Sei Investments Co. now owns 1,106,586 shares of the company’s stock valued at $121,026,000 after purchasing an additional 499,978 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Trading Down 10.1 %

Shares of Howmet Aerospace stock opened at $112.32 on Friday. Howmet Aerospace Inc. has a 12-month low of $62.80 and a 12-month high of $140.55. 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 business’s 50 day moving average is $129.39 and its 200-day moving average is $117.00. The stock has a market cap of $45.49 billion, a P/E ratio of 39.83, a P/E/G ratio of 1.92 and a beta of 1.25.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. Equities research analysts predict 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. Shareholders of record on Friday, February 7th were paid a $0.10 dividend. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, February 7th. This represents a $0.40 annualized dividend and a yield of 0.36%. Howmet Aerospace’s dividend payout ratio is currently 14.18%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HWM shares. The Goldman Sachs Group upped their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Barclays increased their price target on shares of 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 reaffirmed a “buy” rating and issued a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Wells Fargo & Company lifted their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, Morgan Stanley raised their price target on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock presently 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.