Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Truist Financial Corp

Truist Financial Corp lowered its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 8.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 60,163 shares of the company’s stock after selling 5,863 shares during the quarter. Truist Financial Corp’s holdings in Howmet Aerospace were worth $6,580,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RiverPark Advisors LLC acquired a new stake in Howmet Aerospace during the 3rd quarter worth about $26,000. R Squared Ltd acquired a new stake in Howmet Aerospace during the 4th quarter worth about $26,000. Hollencrest Capital Management acquired a new stake in Howmet Aerospace during the 3rd quarter worth about $30,000. Global Trust Asset Management LLC acquired a new position in shares of Howmet Aerospace in the 4th quarter valued at about $33,000. Finally, Hanson & Doremus Investment Management acquired a new position in shares of Howmet Aerospace in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

NYSE:HWM opened at $129.83 on Friday. Howmet Aerospace Inc. has a 12 month low of $62.80 and a 12 month high of $140.55. The stock has a 50 day moving average of $121.18 and a two-hundred day moving average of $109.74. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm has a market cap of $52.58 billion, a P/E ratio of 46.04, a price-to-earnings-growth ratio of 1.92 and a beta of 1.50.

Howmet Aerospace (NYSE:HWM) last posted 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. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. On average, analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Robert W. Baird boosted their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. UBS Group boosted their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Truist Financial reissued a “buy” rating and issued a $140.00 price objective (up previously from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. The Goldman Sachs Group boosted their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Finally, Susquehanna boosted their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $123.28.

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.