Howmet Aerospace Inc. (NYSE:HWM) Stock Holdings Lessened by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 29.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,517,558 shares of the company’s stock after selling 631,965 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Howmet Aerospace were worth $165,976,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of HWM. Stifel Financial Corp boosted its position in shares of Howmet Aerospace by 12.1% in the 3rd quarter. Stifel Financial Corp now owns 263,830 shares of the company’s stock valued at $26,450,000 after purchasing an additional 28,568 shares during the period. Vista Investment Partners LLC purchased a new position in shares of Howmet Aerospace in the fourth quarter worth approximately $531,000. Genesis Private Wealth LLC acquired a new stake in shares of Howmet Aerospace during the fourth quarter valued at approximately $249,000. Ameritas Advisory Services LLC purchased a new stake in shares of Howmet Aerospace in the 4th quarter valued at approximately $289,000. Finally, Geneos Wealth Management Inc. boosted its stake in Howmet Aerospace by 303.1% in the 4th quarter. Geneos Wealth Management Inc. now owns 10,960 shares of the company’s stock worth $1,199,000 after purchasing an additional 8,241 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Up 2.2 %

Shares of HWM stock opened at $129.28 on Tuesday. The company has a market capitalization of $52.36 billion, a price-to-earnings ratio of 45.84, a PEG ratio of 1.92 and a beta of 1.54. 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 stock’s 50 day simple moving average is $126.72 and its 200 day simple moving average is $113.60. Howmet Aerospace Inc. has a twelve month low of $62.80 and a twelve month high of $140.55.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping 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 analysts’ expectations of $1.88 billion. As a group, research analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The firm 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. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend was Friday, February 7th. Howmet Aerospace’s dividend payout ratio (DPR) is currently 14.18%.

Analyst Ratings Changes

A number of research firms have recently issued reports on HWM. Barclays increased their target price on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Morgan Stanley raised their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Wells Fargo & Company upped their target price on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Truist Financial reissued a “buy” rating and issued a $140.00 price target (up from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Finally, 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 research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus 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.