Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Mizuho Securities USA LLC

Key Points

• Mizuho Securities USA LLC reduced its stake in Howmet Aerospace Inc. by 15.8%, owning 32,430 shares worth approximately $4.2 million after selling 6,074 shares.
• Howmet Aerospace reported a quarterly EPS of $0.91, exceeding the estimated $0.87, and revenue of $2.05 billion, which is above the $1.99 billion forecast.
• The company increased its quarterly dividend from $0.10 to $0.12 per share, yielding 0.3%, to be paid on August 25th.

Mizuho Securities USA LLC lessened its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 15.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,430 shares of the company's stock after selling 6,074 shares during the quarter. Mizuho Securities USA LLC's holdings in Howmet Aerospace were worth $4,207,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Kapitalo Investimentos Ltda purchased a new position in Howmet Aerospace during the 4th quarter worth $30,000. Pinpoint Asset Management Ltd lifted its holdings in shares of Howmet Aerospace by 42.8% in the first quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company's stock worth $31,000 after buying an additional 71 shares in the last quarter. Hemington Wealth Management increased its position in shares of Howmet Aerospace by 46.6% in the first quarter. Hemington Wealth Management now owns 255 shares of the company's stock worth $33,000 after purchasing an additional 81 shares during the last quarter. GPS Wealth Strategies Group LLC increased its position in shares of Howmet Aerospace by 114.6% in the first quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock worth $34,000 after purchasing an additional 141 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC grew its position in Howmet Aerospace by 100.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 279 shares of the company's stock valued at $36,000 after acquiring an additional 140 shares during the last quarter. Institutional investors own 90.46% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on HWM. Wells Fargo & Company raised their target price on shares of Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Vertical Research reissued a "buy" rating on shares of Howmet Aerospace in a research report on Thursday, July 31st. Benchmark raised their price target on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a report on Monday, April 21st. Bank of America lifted their price objective on Howmet Aerospace from $185.00 to $215.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Finally, Susquehanna lifted their price objective on Howmet Aerospace from $170.00 to $210.00 and gave the company a "positive" rating in a research report on Monday, July 14th. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $172.13.

Howmet Aerospace Stock Down 2.6%

HWM traded down $4.66 on Wednesday, hitting $176.24. 111,399 shares of the company were exchanged, compared to its average volume of 3,034,113. Howmet Aerospace Inc. has a twelve month low of $90.71 and a twelve month high of $193.26. The company has a market cap of $71.05 billion, a price-to-earnings ratio of 51.25, a price-to-earnings-growth ratio of 2.30 and a beta of 1.48. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average price of $179.84 and a two-hundred day moving average price of $151.99.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. The firm had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $1.99 billion. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%. Howmet Aerospace's revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 EPS. On average, equities analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Friday, August 8th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.10. Howmet Aerospace's payout ratio is currently 14.04%.

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.