Tredje AP fonden Sells 30,519 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Tredje AP fonden decreased its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 50.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,520 shares of the company’s stock after selling 30,519 shares during the quarter. Tredje AP fonden’s holdings in Howmet Aerospace were worth $3,338,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of Howmet Aerospace by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock valued at $1,775,578,000 after acquiring an additional 1,336,592 shares during the period. State Street Corp raised its stake in Howmet Aerospace by 2.3% in the third quarter. State Street Corp now owns 17,440,176 shares of the company’s stock valued at $1,748,378,000 after purchasing an additional 384,171 shares in the last quarter. Geode Capital Management LLC lifted its position in Howmet Aerospace by 5.0% during the third quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock worth $949,382,000 after purchasing an additional 453,275 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Howmet Aerospace by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,351,189 shares of the company’s stock worth $257,150,000 after buying an additional 45,940 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its stake in Howmet Aerospace by 20.9% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,665,924 shares of the company’s stock worth $182,202,000 after buying an additional 287,783 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

NYSE HWM opened at $122.43 on Friday. The company has a market capitalization of $49.59 billion, a price-to-earnings ratio of 43.42, a PEG ratio of 1.92 and a beta of 1.54. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. Howmet Aerospace Inc. has a twelve month low of $62.80 and a twelve month high of $140.55. The stock has a fifty day simple moving average of $126.11 and a 200 day simple moving average of $112.94.

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

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.33%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s payout ratio is 14.18%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. The Goldman Sachs Group boosted their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Barclays boosted their price objective 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. Morgan Stanley raised their target price on 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 set a $140.00 price target (up previously from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Finally, Wells Fargo & Company upped their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. 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. Based on data from MarketBeat.com, Howmet Aerospace currently has an average rating of “Moderate Buy” and a consensus target price 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.