Securian Asset Management Inc. Trims Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Securian Asset Management Inc. lowered its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,834 shares of the company’s stock after selling 739 shares during the period. Securian Asset Management Inc.’s holdings in Howmet Aerospace were worth $2,388,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. RiverPark Advisors LLC purchased a new position in Howmet Aerospace in the third quarter valued at about $26,000. R Squared Ltd bought a new position in Howmet Aerospace during the 4th quarter worth approximately $26,000. Washington Trust Advisors Inc. bought a new position in Howmet Aerospace during the 4th quarter worth approximately $29,000. Global Trust Asset Management LLC bought a new position in Howmet Aerospace during the 4th quarter worth approximately $33,000. Finally, Hanson & Doremus Investment Management bought a new position in Howmet Aerospace during the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on HWM. Morgan Stanley increased their target price on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Barclays increased their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Truist Financial reaffirmed a “buy” rating and set a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. The Goldman Sachs Group increased their target price on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, Wells Fargo & Company increased their price target on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. One equities 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $123.28.

Howmet Aerospace Stock Down 4.3 %

HWM opened at $122.43 on Friday. Howmet Aerospace Inc. has a 12 month low of $62.80 and a 12 month high of $140.55. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The stock has a market cap of $49.59 billion, a P/E ratio of 43.42, a P/E/G ratio of 1.92 and a beta of 1.54. The stock’s 50 day moving average price is $126.11 and its 200 day moving average price is $112.94.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.88 billion. As a group, research analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given a dividend of $0.10 per share. The ex-dividend date was Friday, February 7th. 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 0.33%. Howmet Aerospace’s dividend payout ratio (DPR) is 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.