Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 5.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 195,033 shares of the company’s stock after selling 10,982 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Howmet Aerospace were worth $21,331,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. R Squared Ltd bought a new stake in Howmet Aerospace during the fourth quarter worth approximately $26,000. Washington Trust Advisors Inc. bought a new stake in shares of Howmet Aerospace during the 4th quarter worth $29,000. Global Trust Asset Management LLC bought a new stake in shares of Howmet Aerospace during the 4th quarter worth $33,000. Hanson & Doremus Investment Management acquired a new position in shares of Howmet Aerospace in the 4th quarter worth $34,000. Finally, ORG Partners LLC acquired a new stake in shares of Howmet Aerospace during the fourth quarter worth $44,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Trading Down 1.1 %

NYSE:HWM opened at $132.64 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The company has a market capitalization of $53.72 billion, a P/E ratio of 47.04, a P/E/G ratio of 1.92 and a beta of 1.54. The stock’s 50 day moving average price is $129.32 and its 200 day moving average price is $115.48. Howmet Aerospace Inc. has a 52 week low of $62.80 and a 52 week high of $140.55.

Howmet Aerospace (NYSE:HWM) last announced 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. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. On average, research analysts forecast 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 given a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.30%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s payout ratio is currently 14.18%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Barclays lifted their price target on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. 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 report on Friday, February 14th. Morgan Stanley upped their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. The Goldman Sachs Group lifted their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company increased their target price on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Howmet Aerospace presently 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.