C M Bidwell & Associates Ltd. Sells 241 Shares of Howmet Aerospace Inc. (NYSE:HWM)

C M Bidwell & Associates Ltd. decreased its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 5.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,165 shares of the company’s stock after selling 241 shares during the quarter. C M Bidwell & Associates Ltd.’s holdings in Howmet Aerospace were worth $456,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new position in Howmet Aerospace in the fourth quarter valued at about $25,000. Meeder Asset Management Inc. grew its position in shares of Howmet Aerospace by 208.1% in the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock valued at $25,000 after purchasing an additional 154 shares during the period. R Squared Ltd acquired a new position in shares of Howmet Aerospace in the 4th quarter valued at approximately $26,000. Washington Trust Advisors Inc. bought a new stake in Howmet Aerospace during the 4th quarter worth approximately $29,000. Finally, Global Trust Asset Management LLC acquired a new stake in Howmet Aerospace during the 4th quarter worth approximately $33,000. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Down 2.1 %

HWM opened at $129.61 on Monday. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The stock’s fifty day simple moving average is $129.41 and its 200 day simple moving average is $116.04. Howmet Aerospace Inc. has a 1-year low of $62.80 and a 1-year high of $140.55. The stock has a market cap of $52.50 billion, a PE ratio of 45.96, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data 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 analysts’ expectations of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. As a group, research analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders 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. The ex-dividend date was Friday, February 7th. This represents a $0.40 annualized dividend and a yield of 0.31%. Howmet Aerospace’s payout ratio is 14.18%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Truist Financial restated a “buy” rating and set a $140.00 price objective (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Barclays boosted their price target on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Morgan Stanley increased their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. The Goldman Sachs Group boosted their target price on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised their price target on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $123.28.

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.