Mutual of America Capital Management LLC Has $5.32 Million Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Mutual of America Capital Management LLC trimmed its stake in Howmet Aerospace Inc. (NYSE:HWM) by 3.2% in the fourth quarter, HoldingsChannel reports. The firm owned 48,675 shares of the company’s stock after selling 1,591 shares during the period. Mutual of America Capital Management LLC’s holdings in Howmet Aerospace were worth $5,324,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. JPMorgan Chase & Co. grew its holdings in Howmet Aerospace by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock worth $1,775,578,000 after purchasing an additional 1,336,592 shares during the period. State Street Corp grew its holdings 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. Geode Capital Management LLC grew its holdings 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 last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Howmet Aerospace by 5.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company’s stock valued at $231,101,000 after buying an additional 114,457 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in shares of Howmet Aerospace by 20.9% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,665,924 shares of the company’s stock valued at $182,202,000 after buying an additional 287,783 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $131.04 on Tuesday. The firm has a market cap of $53.07 billion, a price-to-earnings ratio of 46.47, a P/E/G ratio of 1.92 and a beta of 1.50. 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 Inc. has a 52 week low of $62.80 and a 52 week high of $140.55. The firm’s 50-day simple moving average is $123.77 and its two-hundred day simple moving average is $111.52.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data 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 for 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, equities analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s payout ratio is 14.18%.

Wall Street Analysts Forecast Growth

HWM has been the subject of a number of analyst reports. Barclays lifted their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Royal Bank of Canada lifted their price objective on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. lifted their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Truist Financial reiterated 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. Finally, The Goldman Sachs Group raised their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.