Good Life Advisors LLC Decreases Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Good Life Advisors LLC reduced its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 42.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,768 shares of the company’s stock after selling 22,478 shares during the quarter. Good Life Advisors LLC’s holdings in Howmet Aerospace were worth $3,365,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in HWM. RiverPark Advisors LLC purchased a new position in shares of Howmet Aerospace in the third quarter valued at $26,000. R Squared Ltd purchased a new position in shares of Howmet Aerospace in the fourth quarter valued at $26,000. Hollencrest Capital Management purchased a new position in shares of Howmet Aerospace in the third quarter valued at $30,000. Global Trust Asset Management LLC acquired a new stake in Howmet Aerospace in the fourth quarter valued at $33,000. Finally, Hanson & Doremus Investment Management acquired a new stake in Howmet Aerospace in the fourth quarter valued at $34,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on HWM shares. The Goldman Sachs Group upped their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday. KeyCorp cut shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Truist Financial reaffirmed a “buy” rating and issued a $140.00 price target (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Barclays increased their target price on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Bank of America increased their target price on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $121.41.

Howmet Aerospace Price Performance

Shares of HWM opened at $136.62 on Wednesday. The firm has a market cap of $55.50 billion, a PE ratio of 52.14, a PEG ratio of 1.45 and a beta of 1.50. The firm’s 50 day moving average price is $119.90 and its 200 day moving average price is $108.88. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. Howmet Aerospace Inc. has a twelve month low of $62.70 and a twelve month high of $137.41.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data 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. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a net margin of 14.81% and a return on equity of 24.50%. As a group, research analysts expect that Howmet Aerospace Inc. will post 2.66 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.29%. The ex-dividend date is Friday, February 7th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio (DPR) is presently 12.21%.

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.