Pictet Asset Management Holding SA Has $18.94 Million Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Pictet Asset Management Holding SA trimmed its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 3.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 173,129 shares of the company’s stock after selling 5,981 shares during the period. Pictet Asset Management Holding SA’s holdings in Howmet Aerospace were worth $18,935,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of HWM. Private Trust Co. NA lifted its position in Howmet Aerospace by 28.0% in the 4th quarter. Private Trust Co. NA now owns 407 shares of the company’s stock valued at $45,000 after acquiring an additional 89 shares in the last quarter. O Neil Global Advisors Inc. lifted its holdings in shares of Howmet Aerospace by 0.5% in the fourth quarter. O Neil Global Advisors Inc. now owns 19,527 shares of the company’s stock valued at $2,136,000 after purchasing an additional 90 shares in the last quarter. Brooklyn Investment Group boosted its position in shares of Howmet Aerospace by 6.1% during the fourth quarter. Brooklyn Investment Group now owns 1,678 shares of the company’s stock worth $183,000 after buying an additional 97 shares during the period. Frank Rimerman Advisors LLC grew its holdings in shares of Howmet Aerospace by 0.7% during the fourth quarter. Frank Rimerman Advisors LLC now owns 15,035 shares of the company’s stock worth $1,644,000 after buying an additional 100 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. raised its position in Howmet Aerospace by 1.4% in the 4th quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company’s stock valued at $838,000 after buying an additional 104 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HWM shares. Barclays raised their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Wells Fargo & Company boosted their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Truist Financial restated 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. Morgan Stanley lifted 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. Finally, The Goldman Sachs Group raised their price target on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and an average price target of $123.28.

Howmet Aerospace Stock Performance

Shares of NYSE HWM opened at $131.72 on Wednesday. Howmet Aerospace Inc. has a one year low of $62.80 and a one year high of $140.55. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The firm has a market cap of $53.35 billion, a price-to-earnings ratio of 46.71, a P/E/G ratio of 1.92 and a beta of 1.54. The stock’s fifty day moving average price is $129.59 and its two-hundred day moving average price is $116.55.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. On average, equities analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The business also recently declared 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. The ex-dividend date was Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio is currently 14.18%.

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.