OMERS ADMINISTRATION Corp Sells 7,274 Shares of Howmet Aerospace Inc. (NYSE:HWM)

OMERS ADMINISTRATION Corp lowered its stake in Howmet Aerospace Inc. (NYSE:HWM) by 19.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,317 shares of the company’s stock after selling 7,274 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Howmet Aerospace were worth $3,206,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Howmet Aerospace by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company’s stock worth $5,153,220,000 after purchasing an additional 352,256 shares during the period. JPMorgan Chase & Co. boosted its stake in Howmet Aerospace by 14.0% in the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company’s stock worth $2,209,071,000 after purchasing an additional 2,486,649 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Howmet Aerospace by 0.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,213,937 shares of the company’s stock worth $1,445,210,000 after purchasing an additional 80,972 shares during the period. Janus Henderson Group PLC boosted its position in shares of Howmet Aerospace by 10.3% during the 4th quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company’s stock valued at $1,197,315,000 after acquiring an additional 1,026,130 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Howmet Aerospace by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 9,810,797 shares of the company’s stock valued at $1,070,267,000 after acquiring an additional 308,574 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Barclays lifted their price target on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Morgan Stanley lifted their price target on Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Benchmark boosted their target price on Howmet Aerospace from $85.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, April 21st. Wells Fargo & Company boosted their target price on Howmet Aerospace from $118.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Friday, May 2nd. Finally, Royal Bank of Canada boosted their target price on Howmet Aerospace from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. 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 an average rating of “Moderate Buy” and a consensus price target of $132.53.

Insider Activity

In related news, EVP Neil Edward Marchuk sold 30,000 shares of the company’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $158.53, for a total value of $4,755,900.00. Following the sale, the executive vice president now directly owns 131,859 shares of the company’s stock, valued at $20,903,607.27. This represents a 18.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Barbara Lou Shultz sold 1,250 shares of the company’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $155.17, for a total value of $193,962.50. Following the completion of the sale, the vice president now directly owns 23,044 shares in the company, valued at approximately $3,575,737.48. The trade was a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 831,250 shares of company stock valued at $130,517,863. Company insiders own 1.12% of the company’s stock.

Howmet Aerospace Price Performance

HWM opened at $159.30 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. Howmet Aerospace Inc. has a 52-week low of $76.83 and a 52-week high of $161.58. The stock has a market capitalization of $64.31 billion, a PE ratio of 56.49, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37. The stock’s 50 day moving average price is $133.35 and its 200-day moving average price is $123.97.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.09. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the firm earned $0.53 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts predict 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. Stockholders of record on Friday, May 9th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.25%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 13.03%.

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.