Mather Group LLC. Has $399,000 Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Mather Group LLC. decreased its stake in Howmet Aerospace Inc. (NYSE:HWM) by 4.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,364 shares of the company’s stock after selling 328 shares during the quarter. Mather Group LLC.’s holdings in Howmet Aerospace were worth $399,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of HWM. PGGM Investments lifted its holdings in shares of Howmet Aerospace by 1.5% during the fourth quarter. PGGM Investments now owns 149,155 shares of the company’s stock valued at $8,072,000 after acquiring an additional 2,275 shares during the period. Russell Investments Group Ltd. increased its position in shares of Howmet Aerospace by 6.5% during the 4th quarter. Russell Investments Group Ltd. now owns 196,392 shares of the company’s stock worth $10,629,000 after purchasing an additional 12,011 shares in the last quarter. Truist Financial Corp lifted its holdings in Howmet Aerospace by 1.3% during the 4th quarter. Truist Financial Corp now owns 61,486 shares of the company’s stock valued at $3,328,000 after purchasing an additional 768 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in Howmet Aerospace by 7.8% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,586 shares of the company’s stock valued at $627,000 after buying an additional 836 shares in the last quarter. Finally, Cumberland Partners Ltd boosted its position in Howmet Aerospace by 51.5% in the fourth quarter. Cumberland Partners Ltd now owns 115,670 shares of the company’s stock valued at $6,216,000 after buying an additional 39,340 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HWM. KeyCorp lifted their target price on shares of Howmet Aerospace from $60.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, February 21st. Truist Financial upgraded Howmet Aerospace from a “hold” rating to a “buy” rating and lifted their price objective for the company from $47.00 to $74.00 in a research report on Wednesday, January 10th. Robert W. Baird boosted their price objective on Howmet Aerospace from $65.00 to $74.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Royal Bank of Canada assumed coverage on Howmet Aerospace in a research note on Monday, March 18th. They issued an “outperform” rating and a $75.00 target price for the company. Finally, Sanford C. Bernstein assumed coverage on shares of Howmet Aerospace in a research report on Friday, January 5th. They set an “outperform” rating and a $67.00 price target on the stock. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $66.00.

Insider Activity at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the completion of the transaction, the executive vice president now owns 229,568 shares in the company, valued at $15,482,065.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.12% of the stock is currently owned by corporate insiders.

Howmet Aerospace Trading Down 0.0 %

Shares of NYSE HWM opened at $66.73 on Thursday. The company’s 50 day simple moving average is $66.20 and its 200 day simple moving average is $57.60. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.86 and a quick ratio of 0.87. Howmet Aerospace Inc. has a fifty-two week low of $42.17 and a fifty-two week high of $69.55. The firm has a market capitalization of $27.25 billion, a P/E ratio of 36.46, a P/E/G ratio of 1.75 and a beta of 1.43.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.06. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.65 billion. Howmet Aerospace had a return on equity of 20.12% and a net margin of 11.52%. The firm’s revenue was up 14.4% on a year-over-year basis. During the same period last year, the company earned $0.38 EPS. On average, analysts predict that Howmet Aerospace Inc. will post 2.18 EPS for the current year.

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, May 10th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.30%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 10.93%.

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.