Corton Capital Inc. Has $356,000 Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Corton Capital Inc. decreased its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 39.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,252 shares of the company's stock after selling 2,156 shares during the period. Corton Capital Inc.'s holdings in Howmet Aerospace were worth $356,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of HWM. Vista Investment Partners LLC bought a new position in shares of Howmet Aerospace during the 4th quarter worth about $531,000. Genesis Private Wealth LLC acquired a new stake in Howmet Aerospace during the fourth quarter worth about $249,000. Ameritas Advisory Services LLC bought a new position in Howmet Aerospace during the fourth quarter valued at about $289,000. Geneos Wealth Management Inc. raised its holdings in Howmet Aerospace by 303.1% in the 4th quarter. Geneos Wealth Management Inc. now owns 10,960 shares of the company's stock valued at $1,199,000 after acquiring an additional 8,241 shares in the last quarter. Finally, Park Avenue Securities LLC grew its holdings in shares of Howmet Aerospace by 150.5% during the 4th quarter. Park Avenue Securities LLC now owns 10,707 shares of the company's stock worth $1,171,000 after purchasing an additional 6,433 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Insider Activity at Howmet Aerospace

In other Howmet Aerospace news, VP Barbara Lou Shultz sold 1,250 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $155.17, for a total transaction of $193,962.50. Following the completion of the sale, the vice president now directly owns 23,044 shares of the company's stock, valued at approximately $3,575,737.48. The trade was a 5.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.04% of the stock is owned by company insiders.

Howmet Aerospace Price Performance

Shares of NYSE HWM traded down $0.10 during trading on Friday, reaching $157.40. The company had a trading volume of 2,232,450 shares, compared to its average volume of 2,671,888. Howmet Aerospace Inc. has a 52 week low of $76.83 and a 52 week high of $159.04. The business's 50 day moving average price is $131.46 and its 200-day moving average price is $122.80. The stock has a market cap of $63.54 billion, a PE ratio of 55.82, a PEG ratio of 1.92 and a beta of 1.37. 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 - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.09. The firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. Howmet Aerospace's revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 EPS. Analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The company also recently declared 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. This represents a $0.40 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend is Friday, May 9th. Howmet Aerospace's dividend payout ratio (DPR) is presently 13.03%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on HWM shares. Wells Fargo & Company upped their target price on Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Truist Financial dropped their price objective on shares of Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Royal Bank of Canada lifted their target price on shares of Howmet Aerospace from $150.00 to $165.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. increased their price target on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Finally, UBS Group lifted their price objective on Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $132.53.

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.