Partners Capital Investment Group LLP Decreases Position in Howmet Aerospace Inc. (NYSE:HWM)

Partners Capital Investment Group LLP cut its stake in Howmet Aerospace Inc. (NYSE:HWM) by 50.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,200 shares of the company’s stock after selling 7,200 shares during the quarter. Partners Capital Investment Group LLP’s holdings in Howmet Aerospace were worth $787,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HWM. Creative Planning lifted its stake in Howmet Aerospace by 14.3% in the 3rd quarter. Creative Planning now owns 52,170 shares of the company’s stock valued at $5,230,000 after buying an additional 6,537 shares in the last quarter. Vontobel Holding Ltd. lifted its stake in Howmet Aerospace by 5.7% in the 3rd quarter. Vontobel Holding Ltd. now owns 3,876 shares of the company’s stock valued at $389,000 after buying an additional 208 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in Howmet Aerospace by 168.0% in the 3rd quarter. Bleakley Financial Group LLC now owns 15,047 shares of the company’s stock valued at $1,508,000 after buying an additional 9,432 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Howmet Aerospace by 8.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 57,207 shares of the company’s stock valued at $5,735,000 after buying an additional 4,440 shares in the last quarter. Finally, Claro Advisors LLC purchased a new position in Howmet Aerospace in the 3rd quarter valued at about $393,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Up 4.4 %

Shares of NYSE HWM opened at $133.66 on Monday. The company has a 50 day simple moving average of $119.05 and a 200-day simple moving average of $108.28. The company has a market capitalization of $54.30 billion, a P/E ratio of 51.02, a P/E/G ratio of 1.45 and a beta of 1.50. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. Howmet Aerospace Inc. has a 1 year low of $62.70 and a 1 year high of $133.92.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a net margin of 14.81% and a return on equity of 24.50%. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. On average, equities research analysts predict that Howmet Aerospace Inc. will post 2.66 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.30%. The ex-dividend date is Friday, February 7th. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio (DPR) is 12.21%.

Analyst Ratings Changes

HWM has been the topic of a number of research reports. JPMorgan Chase & Co. raised 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. Truist Financial reissued a “buy” rating and issued a $140.00 target price (up from $130.00) on shares of Howmet Aerospace in a research note on Friday. KeyCorp lowered shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Robert W. Baird raised their target price on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Sanford C. Bernstein raised their target price on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $117.76.

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.