Siemens Fonds Invest GmbH Sells 2,515 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Siemens Fonds Invest GmbH trimmed its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 59.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,728 shares of the company's stock after selling 2,515 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Howmet Aerospace were worth $189,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Private Trust Co. NA boosted its position in Howmet Aerospace by 28.0% during the 4th quarter. Private Trust Co. NA now owns 407 shares of the company's stock worth $45,000 after acquiring an additional 89 shares during the last quarter. O Neil Global Advisors Inc. boosted its position in Howmet Aerospace by 0.5% during the 4th quarter. O Neil Global Advisors Inc. now owns 19,527 shares of the company's stock worth $2,136,000 after acquiring an additional 90 shares during the last quarter. Brooklyn Investment Group boosted its position in Howmet Aerospace by 6.1% during the 4th quarter. Brooklyn Investment Group now owns 1,678 shares of the company's stock worth $183,000 after acquiring an additional 97 shares during the last quarter. Frank Rimerman Advisors LLC boosted its position in Howmet Aerospace by 0.7% during the 4th quarter. Frank Rimerman Advisors LLC now owns 15,035 shares of the company's stock worth $1,644,000 after acquiring an additional 100 shares during the last quarter. Finally, Guyasuta Investment Advisors Inc. boosted its position in Howmet Aerospace by 1.4% during the 4th quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company's stock worth $838,000 after acquiring an additional 104 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Performance

HWM traded down $2.30 during trading hours on Wednesday, reaching $162.80. The company's stock had a trading volume of 1,858,452 shares, compared to its average volume of 2,701,555. Howmet Aerospace Inc. has a 52 week low of $76.83 and a 52 week high of $166.50. The company's 50-day moving average is $137.22 and its 200-day moving average is $126.14. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The firm has a market cap of $65.72 billion, a PE ratio of 57.73, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.09. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The company's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 EPS. On average, equities analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

The firm also recently disclosed 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 annualized dividend 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%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Benchmark upped their price target on Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Morgan Stanley upped their price target on Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. UBS Group upped their price objective on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. BTIG Research reiterated a "buy" rating on shares of Howmet Aerospace in a research note on Monday, May 5th. Finally, The Goldman Sachs Group upped their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $132.53.

Insider Activity at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 30,000 shares of the firm's stock in a transaction dated 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO John C. Plant sold 800,000 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $156.96, for a total value of $125,568,000.00. Following the completion of the sale, the chief executive officer now directly owns 236,544 shares in the company, valued at $37,127,946.24. This trade represents a 77.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 831,250 shares of company stock valued at $130,517,863 over the last ninety days. 1.04% of the stock is owned by corporate insiders.

Howmet Aerospace 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.