Thrivent Financial for Lutherans Cuts Stock Position in Howmet Aerospace Inc. $HWM

Thrivent Financial for Lutherans lowered its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 19.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 666,598 shares of the company’s stock after selling 164,600 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.17% of Howmet Aerospace worth $130,806,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Voya Investment Management LLC lifted its holdings in Howmet Aerospace by 9.1% in the 3rd quarter. Voya Investment Management LLC now owns 1,247,220 shares of the company’s stock valued at $244,742,000 after purchasing an additional 104,207 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Howmet Aerospace by 59.2% in the 3rd quarter. Nordea Investment Management AB now owns 1,401,335 shares of the company’s stock valued at $273,288,000 after purchasing an additional 521,180 shares during the last quarter. Shell Asset Management Co. boosted its holdings in Howmet Aerospace by 135.6% in the second quarter. Shell Asset Management Co. now owns 12,420 shares of the company’s stock valued at $2,312,000 after acquiring an additional 7,148 shares during the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC acquired a new stake in Howmet Aerospace during the 3rd quarter worth approximately $1,581,000. Finally, Greenup Street Wealth Management LLC increased its position in shares of Howmet Aerospace by 76.3% in the third quarter. Greenup Street Wealth Management LLC now owns 20,972 shares of the company’s stock worth $4,115,000 after acquiring an additional 9,078 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on HWM shares. Susquehanna reiterated a “positive” rating and set a $255.00 price objective on shares of Howmet Aerospace in a research note on Thursday, January 15th. Royal Bank Of Canada boosted their price target on Howmet Aerospace from $210.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, October 31st. JPMorgan Chase & Co. boosted their price objective on shares of Howmet Aerospace from $190.00 to $227.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. Bank of America boosted their price target on shares of Howmet Aerospace from $215.00 to $250.00 and gave the company a “buy” rating in a report on Friday, November 14th. Finally, The Goldman Sachs Group lifted their target price on Howmet Aerospace from $205.00 to $226.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $224.53.

Howmet Aerospace Stock Performance

Shares of HWM opened at $208.12 on Friday. The company’s fifty day moving average is $207.62 and its 200-day moving average is $195.45. Howmet Aerospace Inc. has a 12 month low of $105.04 and a 12 month high of $226.87. The company has a quick ratio of 1.14, a current ratio of 2.35 and a debt-to-equity ratio of 0.63. The firm has a market cap of $83.68 billion, a price-to-earnings ratio of 58.46, a price-to-earnings-growth ratio of 1.98 and a beta of 1.29.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, October 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. Howmet Aerospace had a return on equity of 29.21% and a net margin of 18.18%.The company’s revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.81 EPS. Equities analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Friday, February 6th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, February 6th. Howmet Aerospace’s dividend payout ratio is currently 13.48%.

About Howmet Aerospace

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.