First Trust Advisors LP Sells 187,531 Shares of Howmet Aerospace Inc. (NYSE:HWM)

First Trust Advisors LP reduced its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 26.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 526,695 shares of the company's stock after selling 187,531 shares during the quarter. First Trust Advisors LP owned about 0.13% of Howmet Aerospace worth $57,604,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Private Trust Co. NA lifted its holdings in Howmet Aerospace by 28.0% during the 4th quarter. Private Trust Co. NA now owns 407 shares of the company's stock worth $45,000 after purchasing an additional 89 shares during the last quarter. O Neil Global Advisors Inc. lifted its holdings in shares of Howmet Aerospace by 0.5% during the fourth quarter. O Neil Global Advisors Inc. now owns 19,527 shares of the company's stock worth $2,136,000 after buying an additional 90 shares in the last quarter. Brooklyn Investment Group boosted its position in shares of Howmet Aerospace by 6.1% in the fourth quarter. Brooklyn Investment Group now owns 1,678 shares of the company's stock valued at $183,000 after acquiring an additional 97 shares during the period. Frank Rimerman Advisors LLC grew its stake in shares of Howmet Aerospace by 0.7% in the fourth quarter. Frank Rimerman Advisors LLC now owns 15,035 shares of the company's stock valued at $1,644,000 after acquiring an additional 100 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. increased its position in Howmet Aerospace by 1.4% during the fourth quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company's stock worth $838,000 after acquiring an additional 104 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Trading Up 0.3 %

NYSE HWM traded up $0.34 during trading hours on Monday, reaching $136.10. The company's stock had a trading volume of 991,667 shares, compared to its average volume of 2,730,246. The firm has a fifty day simple moving average of $128.06 and a 200-day simple moving average of $119.90. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. Howmet Aerospace Inc. has a 52 week low of $66.33 and a 52 week high of $140.55. The stock has a market cap of $55.05 billion, a P/E ratio of 48.19, a P/E/G ratio of 1.92 and a beta of 1.25.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly 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. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Equities analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be given 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 0.29%. Howmet Aerospace's dividend payout ratio (DPR) is presently 14.18%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HWM. Truist Financial decreased their target price on shares of Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Wells Fargo & Company reissued an "equal weight" rating and set a $118.00 price target (down previously from $132.00) on shares of Howmet Aerospace in a research report on Tuesday, April 15th. The Goldman Sachs Group lifted their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. Finally, 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 note on Wednesday, February 19th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $125.06.

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.