Ensign Peak Advisors Inc Sells 6,336 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Ensign Peak Advisors Inc trimmed its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 152,717 shares of the company's stock after selling 6,336 shares during the quarter. Ensign Peak Advisors Inc's holdings in Howmet Aerospace were worth $16,703,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Murphy & Mullick Capital Management Corp bought a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $25,000. Meeder Asset Management Inc. boosted its stake in shares of Howmet Aerospace by 208.1% during the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock worth $25,000 after acquiring an additional 154 shares during the period. Aster Capital Management DIFC Ltd bought a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $25,000. R Squared Ltd bought a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $26,000. Finally, Washington Trust Advisors Inc. bought a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $29,000. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Price Performance

Shares of NYSE HWM traded up $1.60 during mid-day trading on Friday, reaching $162.89. The company had a trading volume of 1,787,433 shares, compared to its average volume of 2,699,756. The firm has a market cap of $65.75 billion, a price-to-earnings ratio of 57.76, a PEG ratio of 1.92 and a beta of 1.37. The business's 50-day simple moving average is $134.88 and its 200 day simple moving average is $124.97. Howmet Aerospace Inc. has a one year low of $76.83 and a one year high of $162.91. 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 results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.09. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. Howmet Aerospace's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 earnings per share. On average, research analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a 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%.

Insider Activity at Howmet Aerospace

In other news, CEO John C. Plant sold 800,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $156.96, for a total transaction of $125,568,000.00. Following the completion of the transaction, the chief executive officer now owns 236,544 shares of the company's stock, valued at approximately $37,127,946.24. The trade was a 77.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Neil Edward Marchuk sold 30,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $158.53, for a total value of $4,755,900.00. Following the transaction, the executive vice president now directly owns 131,859 shares of the company's stock, valued at $20,903,607.27. This trade represents a 18.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 831,250 shares of company stock valued at $130,517,863 over the last quarter. 1.12% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HWM. The Goldman Sachs Group lifted their target price on Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Barclays lifted their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Royal Bank of Canada lifted their target price on Howmet Aerospace from $150.00 to $165.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. lifted their target price on Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Finally, Wells Fargo & Company boosted their price target 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. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Howmet Aerospace has an average rating of "Moderate Buy" and an average price target 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.