Intech Investment Management LLC Has $3.48 Million Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Intech Investment Management LLC decreased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 74.4% during the 4th quarter, Holdings Channel reports. The firm owned 31,788 shares of the company’s stock after selling 92,594 shares during the period. Intech Investment Management LLC’s holdings in Howmet Aerospace were worth $3,477,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in HWM. OneDigital Investment Advisors LLC increased its position in shares of Howmet Aerospace by 2.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company’s stock worth $527,000 after purchasing an additional 124 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of Howmet Aerospace by 2.7% during the 3rd quarter. Mutual of America Capital Management LLC now owns 50,266 shares of the company’s stock worth $5,039,000 after acquiring an additional 1,343 shares during the period. Quest Partners LLC boosted its stake in shares of Howmet Aerospace by 94.9% during the 3rd quarter. Quest Partners LLC now owns 1,405 shares of the company’s stock worth $141,000 after acquiring an additional 684 shares during the period. Pathstone Holdings LLC boosted its stake in shares of Howmet Aerospace by 4.2% during the 3rd quarter. Pathstone Holdings LLC now owns 48,476 shares of the company’s stock worth $4,860,000 after acquiring an additional 1,940 shares during the period. Finally, Caprock Group LLC boosted its stake in shares of Howmet Aerospace by 1.0% during the 3rd quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock worth $1,121,000 after acquiring an additional 106 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

HWM opened at $132.08 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. Howmet Aerospace Inc. has a 52-week low of $62.80 and a 52-week high of $140.55. The firm has a market cap of $53.50 billion, a P/E ratio of 46.84, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54. The business’s fifty day moving average is $127.40 and its 200-day moving average is $113.96.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share 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 business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Sell-side analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were given a dividend of $0.10 per share. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend was Friday, February 7th. Howmet Aerospace’s dividend payout ratio is currently 14.18%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Wells Fargo & Company lifted their target price on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Truist Financial reiterated a “buy” rating and set a $140.00 target price (up from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Barclays lifted their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. lifted their target price on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Finally, The Goldman Sachs Group upped 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.