Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Vinva Investment Management Ltd

Vinva Investment Management Ltd lessened its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 19.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,605 shares of the company’s stock after selling 8,920 shares during the quarter. Vinva Investment Management Ltd’s holdings in Howmet Aerospace were worth $4,147,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of HWM. OneDigital Investment Advisors LLC grew its holdings in Howmet Aerospace by 2.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company’s stock valued at $527,000 after buying an additional 124 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in Howmet Aerospace by 2.7% during the 3rd quarter. Mutual of America Capital Management LLC now owns 50,266 shares of the company’s stock valued at $5,039,000 after buying an additional 1,343 shares during the last quarter. Quest Partners LLC grew its holdings in Howmet Aerospace by 94.9% during the 3rd quarter. Quest Partners LLC now owns 1,405 shares of the company’s stock valued at $141,000 after buying an additional 684 shares during the last quarter. Pathstone Holdings LLC grew its holdings in Howmet Aerospace by 4.2% during the 3rd quarter. Pathstone Holdings LLC now owns 48,476 shares of the company’s stock valued at $4,860,000 after buying an additional 1,940 shares during the last quarter. Finally, Caprock Group LLC grew its holdings in Howmet Aerospace by 1.0% during the 3rd quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock valued at $1,121,000 after buying an additional 106 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Stock Up 3.0 %

NYSE:HWM opened at $132.08 on Thursday. The company has a market capitalization of $53.50 billion, a price-to-earnings ratio of 46.84, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54. Howmet Aerospace Inc. has a one year low of $62.80 and a one year high of $140.55. The stock has a 50-day simple moving average of $127.40 and a 200 day simple moving average of $113.96. 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 (NYSE:HWM) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. Sell-side analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a $0.10 dividend. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date was Friday, February 7th. Howmet Aerospace’s payout ratio is presently 14.18%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on HWM shares. Truist Financial restated a “buy” rating and set a $140.00 price objective (up previously from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Morgan Stanley raised their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. The Goldman Sachs Group raised their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. increased their target price on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, Barclays increased their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $123.28.

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.