T. Rowe Price Investment Management Inc. Sells 11,000 Shares of Howmet Aerospace Inc. (NYSE:HWM)

T. Rowe Price Investment Management Inc. lowered its position in Howmet Aerospace Inc. (NYSE:HWM) by 0.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,237,110 shares of the company’s stock after selling 11,000 shares during the period. T. Rowe Price Investment Management Inc. owned about 0.30% of Howmet Aerospace worth $135,303,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Wilmington Savings Fund Society FSB boosted its stake in shares of Howmet Aerospace by 45.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 7,397 shares of the company’s stock worth $742,000 after acquiring an additional 2,324 shares during the period. Tidal Investments LLC boosted its stake in Howmet Aerospace by 60.0% in the 3rd quarter. Tidal Investments LLC now owns 56,490 shares of the company’s stock worth $5,663,000 after purchasing an additional 21,176 shares during the period. Franklin Resources Inc. grew its holdings in Howmet Aerospace by 58.0% during the 3rd quarter. Franklin Resources Inc. now owns 570,476 shares of the company’s stock valued at $58,559,000 after buying an additional 209,492 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new stake in Howmet Aerospace during the 3rd quarter valued at approximately $3,388,000. Finally, Retirement Systems of Alabama raised its position in shares of Howmet Aerospace by 332.6% during the third quarter. Retirement Systems of Alabama now owns 370,027 shares of the company’s stock valued at $37,095,000 after buying an additional 284,487 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Up 2.8 %

HWM opened at $133.37 on Friday. Howmet Aerospace Inc. has a one year low of $63.64 and a one year high of $140.55. 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 stock has a market cap of $53.94 billion, a price-to-earnings ratio of 47.29, a P/E/G ratio of 1.92 and a beta of 1.25. The stock’s 50 day moving average price is $128.08 and its 200-day moving average price is $119.43.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.88 billion. On average, equities analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be paid a $0.10 dividend. The ex-dividend date is Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. Howmet Aerospace’s dividend payout ratio is currently 14.18%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HWM. Northcoast Research raised shares of Howmet Aerospace from a “sell” rating to a “neutral” rating in a research note on Wednesday, April 9th. Benchmark raised their price objective on Howmet Aerospace from $85.00 to $135.00 and gave the company a “buy” rating in a research report on Monday. Barclays increased their price target on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $118.00 price objective (down previously from $132.00) on shares of Howmet Aerospace in a research note on Tuesday, April 15th. Finally, The Goldman Sachs Group raised their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Howmet Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $125.06.

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.