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

Xponance Inc. lessened its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 3.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,350 shares of the company’s stock after selling 2,025 shares during the quarter. Xponance Inc.’s holdings in Howmet Aerospace were worth $2,671,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Valeo Financial Advisors LLC lifted its position in shares of Howmet Aerospace by 4.6% during the fourth quarter. Valeo Financial Advisors LLC now owns 4,571 shares of the company’s stock worth $247,000 after purchasing an additional 200 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Howmet Aerospace by 10.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,259 shares of the company’s stock worth $122,000 after purchasing an additional 205 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of Howmet Aerospace by 61.3% during the third quarter. Venturi Wealth Management LLC now owns 558 shares of the company’s stock worth $26,000 after purchasing an additional 212 shares in the last quarter. Huntington National Bank lifted its position in shares of Howmet Aerospace by 24.5% during the third quarter. Huntington National Bank now owns 1,315 shares of the company’s stock worth $61,000 after purchasing an additional 259 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Howmet Aerospace by 33.1% during the fourth quarter. Blue Trust Inc. now owns 1,089 shares of the company’s stock worth $59,000 after purchasing an additional 271 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on HWM shares. Sanford C. Bernstein started coverage on shares of Howmet Aerospace in a report on Friday, January 5th. They issued an “outperform” rating and a $67.00 target price on the stock. Barclays raised their target price on shares of Howmet Aerospace from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, February 20th. Royal Bank of Canada started coverage on shares of Howmet Aerospace in a report on Monday, March 18th. They issued an “outperform” rating and a $75.00 target price on the stock. Benchmark reaffirmed a “buy” rating and issued a $53.00 target price on shares of Howmet Aerospace in a report on Friday. Finally, Robert W. Baird raised their target price on shares of Howmet Aerospace from $65.00 to $74.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Howmet Aerospace has an average rating of “Moderate Buy” and a consensus price target of $66.00.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 45,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $67.44, for a total value of $3,034,800.00. Following the transaction, the executive vice president now directly owns 229,568 shares of the company’s stock, valued at approximately $15,482,065.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.12% of the stock is currently owned by corporate insiders.

Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock opened at $62.93 on Tuesday. The firm’s fifty day simple moving average is $65.79 and its 200-day simple moving average is $56.69. The stock has a market capitalization of $25.70 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 1.65 and a beta of 1.43. Howmet Aerospace Inc. has a 12 month low of $42.17 and a 12 month high of $69.55. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.86 and a quick ratio of 0.87.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Tuesday, February 13th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Howmet Aerospace had a net margin of 11.52% and a return on equity of 20.12%. The company’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 EPS. As a group, equities analysts forecast that Howmet Aerospace Inc. will post 2.18 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Shareholders of record on Friday, February 9th were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.20 annualized dividend and a yield of 0.32%. Howmet Aerospace’s dividend payout ratio is currently 10.93%.

Howmet Aerospace Company 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.