Massachusetts Financial Services Co. MA Reduces Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Massachusetts Financial Services Co. MA lowered its position in Howmet Aerospace Inc. (NYSE:HWM) by 10.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 16,757,076 shares of the company’s stock after selling 2,032,552 shares during the period. Massachusetts Financial Services Co. MA owned 4.12% of Howmet Aerospace worth $1,832,721,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HWM. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Howmet Aerospace in the fourth quarter valued at approximately $25,000. Meeder Asset Management Inc. boosted its stake in Howmet Aerospace by 208.1% during the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock worth $25,000 after buying an additional 154 shares during the last quarter. R Squared Ltd purchased a new stake in Howmet Aerospace in the 4th quarter valued at $26,000. Washington Trust Advisors Inc. acquired a new stake in shares of Howmet Aerospace in the 4th quarter worth $29,000. Finally, Global Trust Asset Management LLC acquired a new stake in shares of Howmet Aerospace in the 4th quarter worth $33,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Trading Up 1.5 %

Shares of HWM stock opened at $131.72 on Wednesday. Howmet Aerospace Inc. has a fifty-two week low of $62.80 and a fifty-two week high of $140.55. The company has a 50 day moving average price of $129.59 and a 200 day moving average price of $116.55. The stock has a market capitalization of $53.35 billion, a P/E ratio of 46.71, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54. 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) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.71 by $0.03. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. Equities research analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a dividend of $0.10 per share. This is an increase 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 0.30%. Howmet Aerospace’s dividend payout ratio is 14.18%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Morgan Stanley upped their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. increased their price target on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Wells Fargo & Company lifted their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. The Goldman Sachs Group upped 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. Finally, Barclays raised their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.28.

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.