Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Good Life Advisors LLC

Good Life Advisors LLC reduced its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 42.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,768 shares of the company’s stock after selling 22,478 shares during the quarter. Good Life Advisors LLC’s holdings in Howmet Aerospace were worth $3,365,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Global Retirement Partners LLC raised its stake in Howmet Aerospace by 82.4% during the 4th quarter. Global Retirement Partners LLC now owns 1,107 shares of the company’s stock worth $121,000 after acquiring an additional 500 shares in the last quarter. DSM Capital Partners LLC raised its stake in Howmet Aerospace by 21.0% during the 4th quarter. DSM Capital Partners LLC now owns 1,011,961 shares of the company’s stock worth $110,678,000 after acquiring an additional 175,409 shares in the last quarter. Kestra Investment Management LLC purchased a new position in Howmet Aerospace during the 4th quarter worth $67,000. Venturi Wealth Management LLC grew its position in Howmet Aerospace by 18.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,490 shares of the company’s stock worth $163,000 after purchasing an additional 228 shares during the last quarter. Finally, D.A. Davidson & CO. grew its position in Howmet Aerospace by 6.6% during the 4th quarter. D.A. Davidson & CO. now owns 13,921 shares of the company’s stock worth $1,523,000 after purchasing an additional 866 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $136.62 on Wednesday. The firm has a 50 day simple moving average of $119.90 and a 200-day simple moving average of $108.88. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. The firm has a market cap of $55.50 billion, a PE ratio of 52.14, a P/E/G ratio of 1.45 and a beta of 1.50. Howmet Aerospace Inc. has a 1-year low of $62.70 and a 1-year high of $137.41.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data 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. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a net margin of 14.81% and a return on equity of 24.50%. On average, equities analysts expect that Howmet Aerospace Inc. will post 2.66 EPS for the current year.

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.29%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, February 7th. Howmet Aerospace’s payout ratio is presently 12.21%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on HWM shares. Susquehanna raised their price objective on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research report on Thursday, November 7th. UBS Group raised their price objective on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Robert W. Baird raised their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Wells Fargo & Company raised their price objective 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, Truist Financial reissued a “buy” rating and set a $140.00 price objective (up from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $121.41.

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.