Mn Services Vermogensbeheer B.V. Sells 13,500 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Mn Services Vermogensbeheer B.V. cut its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 8.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 142,800 shares of the company's stock after selling 13,500 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Howmet Aerospace were worth $18,525,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Howmet Aerospace in the fourth quarter valued at $1,001,558,000. JPMorgan Chase & Co. increased its position in Howmet Aerospace by 14.0% during the fourth quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock worth $2,209,071,000 after buying an additional 2,486,649 shares in the last quarter. Winslow Capital Management LLC purchased a new position in shares of Howmet Aerospace during the 4th quarter worth $265,844,000. GAMMA Investing LLC raised its stake in Howmet Aerospace by 15,741.8% during the first quarter. GAMMA Investing LLC now owns 1,328,176 shares of the company's stock worth $1,723,040,000 after purchasing an additional 1,319,792 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in Howmet Aerospace by 10.3% in the fourth quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company's stock valued at $1,197,315,000 after buying an additional 1,026,130 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Barclays upped 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. UBS Group raised their target price on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Northcoast Research upgraded Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. Morgan Stanley lifted their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Finally, Benchmark upped their target price on Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Howmet Aerospace presently has a consensus rating of "Moderate Buy" and an average price target of $142.13.

Howmet Aerospace Stock Performance

HWM traded up $0.40 during trading on Tuesday, hitting $172.00. The stock had a trading volume of 1,965,382 shares, compared to its average volume of 2,721,285. The company has a 50 day moving average price of $152.61 and a 200-day moving average price of $133.43. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.30 and a quick ratio of 1.07. Howmet Aerospace Inc. has a one year low of $76.83 and a one year high of $177.25. The firm has a market cap of $69.43 billion, a price-to-earnings ratio of 57.58, a P/E/G ratio of 2.59 and a beta of 1.44.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.09. The company 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 27.25% and a net margin of 16.64%. The company's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $0.53 earnings per share. As a group, research analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend was Friday, May 9th. Howmet Aerospace's dividend payout ratio (DPR) is presently 13.03%.

Insider Activity at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 30,000 shares of Howmet Aerospace 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 completion of the sale, the executive vice president now owns 131,859 shares of the company's stock, valued at $20,903,607.27. The trade was a 18.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 $3,575,737.48. The trade was a 5.15% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 831,250 shares of company stock valued at $130,517,863. 1.12% of the stock is owned by company insiders.

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.