National Wealth Management Group LLC Has $988,000 Stake in Howmet Aerospace Inc. (NYSE:HWM)

National Wealth Management Group LLC lowered its stake in Howmet Aerospace Inc. (NYSE:HWM) by 30.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,032 shares of the company’s stock after selling 4,023 shares during the period. National Wealth Management Group LLC’s holdings in Howmet Aerospace were worth $988,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of HWM. Edmond DE Rothschild Holding S.A. bought a new stake in Howmet Aerospace during the 4th quarter worth about $91,000. Meeder Asset Management Inc. grew its holdings in Howmet Aerospace by 208.1% during the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock worth $25,000 after acquiring an additional 154 shares during the period. Wellington Management Group LLP grew its holdings in Howmet Aerospace by 236.6% during the 4th quarter. Wellington Management Group LLP now owns 9,816 shares of the company’s stock worth $1,074,000 after acquiring an additional 6,900 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in shares of Howmet Aerospace by 7.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 38,132 shares of the company’s stock valued at $4,170,000 after purchasing an additional 2,806 shares during the period. Finally, Physician Wealth Advisors Inc. bought a new position in shares of Howmet Aerospace in the 4th quarter worth $205,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

Shares of HWM opened at $129.99 on Tuesday. 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 market capitalization of $52.65 billion, a P/E ratio of 46.10, a P/E/G ratio of 1.92 and a beta of 1.54. The company has a 50 day moving average of $129.50 and a 200-day moving average of $116.29.

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

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.31%. 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 is presently 14.18%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on HWM shares. Wells Fargo & Company upped their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. boosted their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Truist Financial reiterated a “buy” rating and issued a $140.00 target price (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. The Goldman Sachs Group upped their price objective 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. Finally, Morgan Stanley boosted their target price on Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Howmet Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $123.28.

Howmet Aerospace Company 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.