Mercer Global Advisors Inc. ADV Raises Position in Howmet Aerospace Inc. (NYSE:HWM)

Mercer Global Advisors Inc. ADV grew its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 25.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,953 shares of the company's stock after acquiring an additional 3,216 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Howmet Aerospace were worth $1,745,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Vista Investment Partners LLC bought a new position in Howmet Aerospace in the fourth quarter worth approximately $531,000. Genesis Private Wealth LLC purchased a new position in shares of Howmet Aerospace during the fourth quarter valued at $249,000. Ameritas Advisory Services LLC bought a new stake in shares of Howmet Aerospace in the fourth quarter valued at about $289,000. Geneos Wealth Management Inc. lifted its stake in Howmet Aerospace by 303.1% in the fourth quarter. Geneos Wealth Management Inc. now owns 10,960 shares of the company's stock worth $1,199,000 after acquiring an additional 8,241 shares during the period. Finally, Park Avenue Securities LLC grew its holdings in Howmet Aerospace by 150.5% during the 4th 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 in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HWM. BTIG Research reaffirmed a "buy" rating on shares of Howmet Aerospace in a research report on Monday, May 5th. Morgan Stanley increased their target price on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. UBS Group boosted their price target on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Truist Financial dropped their price objective on Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, The Goldman Sachs Group boosted their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $132.53.

Howmet Aerospace Stock Performance

NYSE:HWM traded down $0.10 during midday trading on Friday, hitting $157.40. The company's stock had a trading volume of 2,232,450 shares, compared to its average volume of 2,669,977. Howmet Aerospace Inc. has a fifty-two week low of $76.83 and a fifty-two week high of $159.04. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The firm has a market cap of $63.54 billion, a P/E ratio of 55.82, a P/E/G ratio of 1.92 and a beta of 1.37. The firm's 50 day moving average is $131.46 and its 200-day moving average is $122.94.

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

Howmet Aerospace Announces Dividend

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

Insider Transactions at Howmet Aerospace

In other news, VP Barbara Lou Shultz sold 1,250 shares of Howmet Aerospace stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $155.17, for a total transaction of $193,962.50. Following the sale, the vice president now owns 23,044 shares of the company's stock, valued at approximately $3,575,737.48. The trade was a 5.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.04% of the company's stock.

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.