Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Ieq Capital LLC

Ieq Capital LLC reduced its position in shares of Howmet Aerospace Inc. (NYSE:HWMFree Report) by 7.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,682 shares of the company’s stock after selling 376 shares during the period. Ieq Capital LLC’s holdings in Howmet Aerospace were worth $253,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of HWM. JPMorgan Chase & Co. grew its stake in shares of Howmet Aerospace by 118.7% in the third quarter. JPMorgan Chase & Co. now owns 13,239,071 shares of the company’s stock worth $612,307,000 after acquiring an additional 7,184,620 shares in the last quarter. FMR LLC increased its holdings in Howmet Aerospace by 21.2% during the 3rd quarter. FMR LLC now owns 15,086,149 shares of the company’s stock worth $697,734,000 after purchasing an additional 2,635,894 shares during the period. Massachusetts Financial Services Co. MA raised its position in Howmet Aerospace by 4.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 23,507,379 shares of the company’s stock valued at $1,087,216,000 after purchasing an additional 897,463 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Howmet Aerospace in the 4th quarter valued at about $40,508,000. Finally, Hsbc Holdings PLC boosted its stake in shares of Howmet Aerospace by 79.9% in the 3rd quarter. Hsbc Holdings PLC now owns 1,291,989 shares of the company’s stock valued at $59,754,000 after buying an additional 573,903 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on HWM shares. KeyCorp raised their target price on shares of Howmet Aerospace from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. Royal Bank of Canada raised their price objective on shares of Howmet Aerospace from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Wells Fargo & Company boosted their target price on shares of Howmet Aerospace from $72.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. Robert W. Baird raised their price target on Howmet Aerospace from $74.00 to $84.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Finally, Argus upped their price objective on Howmet Aerospace from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $73.67.

Read Our Latest Report on Howmet Aerospace

Howmet Aerospace Stock Up 0.5 %

HWM stock opened at $82.93 on Friday. The company has a market cap of $33.85 billion, a price-to-earnings ratio of 40.06, a price-to-earnings-growth ratio of 1.65 and a beta of 1.41. The company has a fifty day moving average price of $69.49 and a 200 day moving average price of $60.70. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.97 and a quick ratio of 0.92. Howmet Aerospace Inc. has a 12 month low of $42.17 and a 12 month high of $83.17.

Howmet Aerospace (NYSE:HWMGet Free Report) last announced its earnings results on Thursday, May 2nd. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. Howmet Aerospace had a net margin of 12.53% and a return on equity of 21.33%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the prior year, the company earned $0.42 earnings per share. The business’s revenue was up 13.8% compared to the same quarter last year. Sell-side analysts expect that Howmet Aerospace Inc. will post 2.39 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, May 10th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend is Thursday, May 9th. Howmet Aerospace’s payout ratio is currently 9.66%.

Insider Activity

In related news, EVP Neil Edward Marchuk sold 45,000 shares of Howmet Aerospace 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 in the company, valued at approximately $15,482,065.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.12% of the company’s stock.

Howmet Aerospace Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Howmet Aerospace (NYSE:HWM)

Receive News & Ratings for Howmet Aerospace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Howmet Aerospace and related companies with MarketBeat.com's FREE daily email newsletter.