Moran Wealth Management LLC Sells 4,705 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Moran Wealth Management LLC lowered its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 1.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 236,995 shares of the company’s stock after selling 4,705 shares during the quarter. Howmet Aerospace accounts for 0.8% of Moran Wealth Management LLC’s holdings, making the stock its 24th biggest holding. Moran Wealth Management LLC owned approximately 0.06% of Howmet Aerospace worth $25,920,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of HWM. JPMorgan Chase & Co. increased its position in Howmet Aerospace by 8.2% during the third quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock valued at $1,775,578,000 after acquiring an additional 1,336,592 shares during the last quarter. AustralianSuper Pty Ltd raised its position in Howmet Aerospace by 1,000.0% in the 4th quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company’s stock worth $101,772,000 after purchasing an additional 845,941 shares during the period. Raymond James Financial Inc. bought a new stake in Howmet Aerospace in the fourth quarter worth about $61,740,000. Geode Capital Management LLC boosted its position in shares of Howmet Aerospace by 5.0% during the third quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock valued at $949,382,000 after buying an additional 453,275 shares during the period. Finally, State Street Corp grew its stake in shares of Howmet Aerospace by 2.3% during the third quarter. State Street Corp now owns 17,440,176 shares of the company’s stock valued at $1,748,378,000 after buying an additional 384,171 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

HWM has been the subject of a number of research analyst reports. Bank of America raised their price target on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Wells Fargo & Company lifted their target price on 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 reaffirmed a “buy” rating and issued a $140.00 price target (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Barclays boosted their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Finally, Morgan Stanley upped their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.28.

Howmet Aerospace Stock Performance

Shares of HWM opened at $124.70 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The stock has a 50-day moving average of $124.95 and a two-hundred day moving average of $112.39. The stock has a market cap of $50.51 billion, a P/E ratio of 44.22, a P/E/G ratio of 1.92 and a beta of 1.54. Howmet Aerospace Inc. has a one year low of $62.80 and a one year high of $140.55.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. The company had revenue of $1.89 billion during 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 predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were paid a $0.10 dividend. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend was Friday, February 7th. Howmet Aerospace’s payout ratio is currently 14.18%.

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.