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

Ethic Inc. reduced its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,196 shares of the company’s stock after selling 2,308 shares during the quarter. Ethic Inc.’s holdings in Howmet Aerospace were worth $5,052,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Fiduciary Trust Co purchased a new stake in shares of Howmet Aerospace in the fourth quarter valued at approximately $601,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in Howmet Aerospace by 94.9% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 10,700 shares of the company’s stock valued at $1,170,000 after acquiring an additional 5,211 shares during the period. EP Wealth Advisors LLC increased its holdings in Howmet Aerospace by 20.6% in the 4th quarter. EP Wealth Advisors LLC now owns 2,988 shares of the company’s stock worth $327,000 after acquiring an additional 511 shares in the last quarter. Colonial Trust Co SC raised its position in Howmet Aerospace by 64.5% during the fourth quarter. Colonial Trust Co SC now owns 556 shares of the company’s stock worth $61,000 after acquiring an additional 218 shares during the period. Finally, Concentric Capital Strategies LP purchased a new position in Howmet Aerospace during the fourth quarter valued at $6,285,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock opened at $157.40 on Friday. The firm has a market capitalization of $63.54 billion, a P/E ratio of 55.82, a P/E/G ratio of 1.92 and a beta of 1.37. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. Howmet Aerospace Inc. has a 52 week low of $76.83 and a 52 week high of $159.04. The firm’s 50 day moving average is $131.46 and its two-hundred day moving average is $122.80.

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

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a yield of 0.25%. Howmet Aerospace’s payout ratio is 13.03%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HWM. Northcoast Research upgraded shares of Howmet Aerospace from a “sell” rating to a “neutral” rating in a research report on Wednesday, April 9th. Royal Bank of Canada increased their target price on Howmet Aerospace from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. Barclays lifted their price target on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. BTIG Research reissued a “buy” rating on shares of Howmet Aerospace in a research note on Monday. Finally, UBS Group lifted their target price on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $132.53.

Insider Buying and Selling at Howmet Aerospace

In related news, VP Barbara Lou Shultz sold 1,250 shares of the stock in a transaction dated Monday, May 5th. The shares were 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 $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 SEC, which is available at this link. Company insiders own 1.04% of the company’s stock.

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.