Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Financiere des Professionnels Fonds d investissement inc.

Financiere des Professionnels Fonds d investissement inc. cut its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,436 shares of the company’s stock after selling 275 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.’s holdings in Howmet Aerospace were worth $485,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. RiverPark Advisors LLC acquired a new stake in shares of Howmet Aerospace in the third quarter valued at approximately $26,000. R Squared Ltd acquired a new stake in shares of Howmet Aerospace in the fourth quarter valued at approximately $26,000. Hollencrest Capital Management acquired a new stake in shares of Howmet Aerospace in the third quarter valued at approximately $30,000. Global Trust Asset Management LLC acquired a new stake in shares of Howmet Aerospace in the fourth quarter valued at approximately $33,000. Finally, Hanson & Doremus Investment Management acquired a new stake in shares of Howmet Aerospace in the fourth quarter valued at approximately $34,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HWM. Robert W. Baird increased their price target on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Royal Bank of Canada raised their target price on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Wells Fargo & Company raised their target price 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. Truist Financial restated a “buy” rating and set a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a research report on Friday. Finally, UBS Group raised their target price 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $117.76.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $133.66 on Monday. The company’s fifty day simple moving average is $119.05 and its 200-day simple moving average is $108.28. Howmet Aerospace Inc. has a 52 week low of $62.70 and a 52 week high of $133.92. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The company has a market cap of $54.30 billion, a PE ratio of 51.02, a P/E/G ratio of 1.45 and a beta of 1.50.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. Howmet Aerospace had a net margin of 14.81% and a return on equity of 24.50%. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. As a group, equities research analysts anticipate that Howmet Aerospace Inc. will post 2.66 EPS for the current year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date is Friday, February 7th. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio (DPR) is currently 12.21%.

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.