Howmet Aerospace Inc. (NYSE:HWM) Stock Holdings Lessened by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lessened its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 967,691 shares of the company’s stock after selling 24,373 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Howmet Aerospace were worth $52,371,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC raised its position in Howmet Aerospace by 4.6% during the fourth quarter. Valeo Financial Advisors LLC now owns 4,571 shares of the company’s stock valued at $247,000 after acquiring an additional 200 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Howmet Aerospace by 10.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,259 shares of the company’s stock valued at $122,000 after acquiring an additional 205 shares in the last quarter. Venturi Wealth Management LLC raised its position in Howmet Aerospace by 61.3% during the third quarter. Venturi Wealth Management LLC now owns 558 shares of the company’s stock valued at $26,000 after acquiring an additional 212 shares in the last quarter. Huntington National Bank raised its position in Howmet Aerospace by 24.5% during the third quarter. Huntington National Bank now owns 1,315 shares of the company’s stock valued at $61,000 after acquiring an additional 259 shares in the last quarter. Finally, Blue Trust Inc. raised its position in Howmet Aerospace by 33.1% during the fourth quarter. Blue Trust Inc. now owns 1,089 shares of the company’s stock valued at $59,000 after acquiring an additional 271 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

NYSE:HWM opened at $63.50 on Friday. The stock has a market cap of $25.93 billion, a P/E ratio of 34.70, a PEG ratio of 1.67 and a beta of 1.43. Howmet Aerospace Inc. has a one year low of $42.17 and a one year high of $69.55. The company has a fifty day moving average price of $65.61 and a 200 day moving average price of $56.29. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.86 and a quick ratio of 0.87.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Tuesday, February 13th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.47 by $0.06. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Howmet Aerospace had a net margin of 11.52% and a return on equity of 20.12%. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 EPS. Analysts anticipate that Howmet Aerospace Inc. will post 2.18 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Stockholders of record on Friday, February 9th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date was Thursday, February 8th. Howmet Aerospace’s dividend payout ratio is 10.93%.

Insider Activity

In other news, EVP Neil Edward Marchuk sold 45,000 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $67.44, for a total value of $3,034,800.00. Following the completion of the transaction, the executive vice president now owns 229,568 shares in the company, valued at approximately $15,482,065.92. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. UBS Group raised their price objective on shares of Howmet Aerospace from $57.00 to $66.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Truist Financial upgraded Howmet Aerospace from a “hold” rating to a “buy” rating and increased their price target for the company from $47.00 to $74.00 in a report on Wednesday, January 10th. Barclays increased their price target on Howmet Aerospace from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, February 20th. JPMorgan Chase & Co. increased their price target on Howmet Aerospace from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Finally, Sanford C. Bernstein started coverage on Howmet Aerospace in a report on Friday, January 5th. They set an “outperform” rating and a $67.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Howmet Aerospace presently has an average rating of “Moderate Buy” and an average target price of $66.00.

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.