Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by EHP Funds Inc.

EHP Funds Inc. reduced its stake in Howmet Aerospace Inc. (NYSE:HWM) by 60.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,200 shares of the company’s stock after selling 6,300 shares during the period. EHP Funds Inc.’s holdings in Howmet Aerospace were worth $459,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Franklin Resources Inc. grew its position in Howmet Aerospace by 58.0% in the third quarter. Franklin Resources Inc. now owns 570,476 shares of the company’s stock worth $58,559,000 after acquiring an additional 209,492 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in Howmet Aerospace in the 3rd quarter valued at about $250,000. Principal Financial Group Inc. lifted its position in Howmet Aerospace by 7.9% in the third quarter. Principal Financial Group Inc. now owns 484,345 shares of the company’s stock valued at $48,556,000 after buying an additional 35,601 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Howmet Aerospace by 8.2% during the third quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock worth $1,775,578,000 after buying an additional 1,336,592 shares during the period. Finally, ORG Partners LLC purchased a new stake in shares of Howmet Aerospace in the 4th quarter valued at approximately $44,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Stock Performance

NYSE HWM opened at $155.99 on Wednesday. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The business’s 50 day moving average is $129.91 and its two-hundred day moving average is $121.82. The stock has a market capitalization of $63.09 billion, a price-to-earnings ratio of 55.31, a PEG ratio of 1.92 and a beta of 1.37. Howmet Aerospace Inc. has a 12-month low of $76.83 and a 12-month high of $158.86.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. Howmet Aerospace’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 earnings per share. Research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Friday, May 9th. Howmet Aerospace’s dividend payout ratio is currently 13.03%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HWM. The Goldman Sachs Group lifted their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Morgan Stanley boosted their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Wells Fargo & Company raised their price target on Howmet Aerospace from $118.00 to $145.00 and gave the company an “equal weight” rating in a research note on Friday, May 2nd. Royal Bank of Canada upped their price objective on Howmet Aerospace from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. raised their target price on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.53.

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.