Howmet Aerospace Inc. (NYSE:HWM) Stock Holdings Trimmed by Bank of America Corp DE

Bank of America Corp DE reduced its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 7.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,845,154 shares of the company's stock after selling 835,946 shares during the period. Bank of America Corp DE owned 2.67% of Howmet Aerospace worth $1,186,135,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HWM. Vista Investment Partners LLC acquired a new stake in shares of Howmet Aerospace during the fourth quarter worth about $531,000. Genesis Private Wealth LLC purchased a new stake in Howmet Aerospace in the fourth quarter valued at approximately $249,000. Ameritas Advisory Services LLC acquired a new stake in shares of Howmet Aerospace in the fourth quarter valued at approximately $289,000. Geneos Wealth Management Inc. boosted its holdings in shares of Howmet Aerospace by 303.1% in the fourth quarter. Geneos Wealth Management Inc. now owns 10,960 shares of the company's stock valued at $1,199,000 after acquiring an additional 8,241 shares during the period. Finally, Park Avenue Securities LLC grew its position in shares of Howmet Aerospace by 150.5% during the fourth quarter. Park Avenue Securities LLC now owns 10,707 shares of the company's stock worth $1,171,000 after acquiring an additional 6,433 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Up 0.9 %

Shares of NYSE:HWM traded up $1.45 during midday trading on Wednesday, hitting $157.25. 2,908,062 shares of the company's stock traded hands, compared to its average volume of 2,677,576. The firm's fifty day moving average price is $130.32 and its two-hundred day moving average price is $122.07. The company has a market cap of $63.60 billion, a PE ratio of 55.76, a P/E/G ratio of 1.92 and a beta of 1.37. Howmet Aerospace Inc. has a twelve month low of $76.83 and a twelve month high of $158.86. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.09. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the business earned $0.53 EPS. The business's revenue was up 5.5% on a year-over-year basis. On average, equities research analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.25%. Howmet Aerospace's dividend payout ratio (DPR) is presently 13.03%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HWM. UBS Group increased their price target on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. The Goldman Sachs Group increased their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Morgan Stanley boosted their price target on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. BTIG Research reaffirmed a "buy" rating on shares of Howmet Aerospace in a research report on Monday. Finally, Truist Financial lowered their target price on Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Howmet Aerospace has an average rating of "Moderate Buy" and a consensus target price of $132.53.

Howmet Aerospace Company 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.