Amalgamated Bank Sells 2,726 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Amalgamated Bank trimmed its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 3.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 79,674 shares of the company’s stock after selling 2,726 shares during the period. Amalgamated Bank’s holdings in Howmet Aerospace were worth $8,714,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. R Squared Ltd acquired a new position in Howmet Aerospace in the fourth quarter worth about $26,000. RiverPark Advisors LLC bought a new stake in shares of Howmet Aerospace in the 3rd quarter valued at approximately $26,000. Hollencrest Capital Management acquired a new position in shares of Howmet Aerospace in the 3rd quarter worth approximately $30,000. Global Trust Asset Management LLC acquired a new position in shares of Howmet Aerospace in the 4th quarter worth approximately $33,000. Finally, Hanson & Doremus Investment Management bought a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $34,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Price Performance

Howmet Aerospace stock opened at $130.37 on Wednesday. The business’s 50-day simple moving average is $121.88 and its 200 day simple moving average is $110.42. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The stock has a market cap of $52.80 billion, a price-to-earnings ratio of 46.23, a P/E/G ratio of 1.92 and a beta of 1.50. Howmet Aerospace Inc. has a 12-month low of $62.80 and a 12-month high of $140.55.

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

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a dividend of $0.10 per share. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, February 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. Howmet Aerospace’s payout ratio is presently 14.18%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HWM. Wells Fargo & Company upped their price target on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Barclays upped their target price on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Royal Bank of Canada lifted their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Truist Financial restated 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, 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 report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $123.28.

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.