Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC lowered its stake in Howmet Aerospace Inc. (NYSE:HWM) by 22.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 154,141 shares of the company’s stock after selling 44,287 shares during the period. Gotham Asset Management LLC’s holdings in Howmet Aerospace were worth $16,858,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of HWM. Murphy & Mullick Capital Management Corp bought a new stake in Howmet Aerospace during the fourth quarter valued at about $25,000. Meeder Asset Management Inc. raised its holdings in Howmet Aerospace by 208.1% during the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock worth $25,000 after purchasing an additional 154 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Howmet Aerospace during the 4th quarter worth $25,000. R Squared Ltd bought a new position in Howmet Aerospace during the 4th quarter worth approximately $26,000. Finally, Washington Trust Advisors Inc. acquired a new stake in Howmet Aerospace during the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Activity

In other news, VP Barbara Lou Shultz sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $155.17, for a total transaction of $193,962.50. Following the completion of the transaction, the vice president now directly owns 23,044 shares of the company’s stock, valued at approximately $3,575,737.48. This represents a 5.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.04% of the company’s stock.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $157.40 on Friday. The stock has a market capitalization of $63.54 billion, a P/E ratio of 55.82, a PEG ratio of 1.92 and a beta of 1.37. Howmet Aerospace Inc. has a fifty-two week low of $76.83 and a fifty-two week high of $159.04. 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 company has a 50 day moving average price of $131.46 and a 200 day moving average price of $122.94.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.09. The business 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%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 earnings per share. Equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, May 9th. This represents a $0.40 annualized dividend and a yield of 0.25%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 13.03%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. UBS Group increased their price target on Howmet Aerospace from $120.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. Barclays lifted their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Morgan Stanley raised their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Wells Fargo & Company boosted their price objective 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. Finally, The Goldman Sachs Group lifted their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $132.53.

Howmet Aerospace Profile

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.