First Pacific Advisors LP Has $79.76 Million Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

First Pacific Advisors LP reduced its stake in Howmet Aerospace Inc. (NYSE:HWM) by 28.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 729,258 shares of the company’s stock after selling 290,200 shares during the quarter. Howmet Aerospace comprises 1.1% of First Pacific Advisors LP’s holdings, making the stock its 25th largest holding. First Pacific Advisors LP owned about 0.18% of Howmet Aerospace worth $79,759,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. R Squared Ltd acquired a new position in shares of Howmet Aerospace in the 4th quarter worth approximately $26,000. RiverPark Advisors LLC bought a new position in Howmet Aerospace during the third quarter worth $26,000. Washington Trust Advisors Inc. acquired a new position in Howmet Aerospace in the fourth quarter valued at $29,000. Hollencrest Capital Management bought a new stake in Howmet Aerospace during the third quarter valued at $30,000. Finally, Global Trust Asset Management LLC acquired a new stake in Howmet Aerospace during the 4th quarter worth about $33,000. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Stock Up 0.2 %

HWM stock opened at $124.70 on Monday. The firm has a market capitalization of $50.51 billion, a PE ratio of 44.22, a P/E/G ratio of 1.92 and a beta of 1.54. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. Howmet Aerospace Inc. has a twelve month low of $62.80 and a twelve month high of $140.55. The stock’s 50 day moving average is $124.95 and its 200-day moving average is $112.39.

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 business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. Sell-side analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, February 7th. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.32%. Howmet Aerospace’s payout ratio is 14.18%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HWM. Morgan Stanley upped their target price on 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 increased their price target on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. lifted their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Wells Fargo & Company increased their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Finally, Barclays lifted their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and an average price target 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.