Polar Asset Management Partners Inc. Reduces Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Polar Asset Management Partners Inc. trimmed its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 21.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,177 shares of the company's stock after selling 6,823 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in Howmet Aerospace were worth $2,754,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Geneos Wealth Management Inc. boosted its position in shares of Howmet Aerospace by 303.1% in the 4th quarter. Geneos Wealth Management Inc. now owns 10,960 shares of the company's stock worth $1,199,000 after buying an additional 8,241 shares in the last quarter. Oregon Pacific Wealth Management LLC acquired a new stake in Howmet Aerospace in the fourth quarter valued at approximately $338,000. Pacer Advisors Inc. boosted its stake in shares of Howmet Aerospace by 5.6% during the 4th quarter. Pacer Advisors Inc. now owns 39,212 shares of the company's stock valued at $4,289,000 after buying an additional 2,085 shares during the last quarter. Verde Servicos Internacionais S.A. boosted its stake in shares of Howmet Aerospace by 13.7% during the 4th quarter. Verde Servicos Internacionais S.A. now owns 115,195 shares of the company's stock valued at $12,599,000 after buying an additional 13,914 shares during the last quarter. Finally, Mediolanum International Funds Ltd lifted its stake in Howmet Aerospace by 43.8% during the fourth quarter. Mediolanum International Funds Ltd now owns 105,345 shares of the company's stock worth $11,589,000 after purchasing an additional 32,099 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Wells Fargo & Company increased their price target on Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. The Goldman Sachs Group lifted their price target on Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Barclays boosted their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Finally, 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. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $132.53.

Howmet Aerospace Trading Down 0.1%

Shares of HWM traded down $0.11 during mid-day trading on Friday, hitting $169.98. 4,749,584 shares of the company's stock traded hands, compared to its average volume of 2,715,330. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. Howmet Aerospace Inc. has a 1 year low of $76.83 and a 1 year high of $171.52. The firm has a market capitalization of $68.62 billion, a P/E ratio of 60.28, a PEG ratio of 1.92 and a beta of 1.37. The business's 50-day moving average price is $142.16 and its 200-day moving average price is $129.01.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings results 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. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The company had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the prior year, the firm earned $0.53 earnings per share. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. As a group, sell-side analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date was Friday, May 9th. Howmet Aerospace's payout ratio is currently 13.03%.

Insider Activity

In related news, EVP Neil Edward Marchuk sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $158.53, for a total transaction of $4,755,900.00. Following the completion of the sale, the executive vice president now directly owns 131,859 shares of the company's stock, valued at approximately $20,903,607.27. This trade represents a 18.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Barbara Lou Shultz sold 1,250 shares of Howmet Aerospace stock in a transaction on Monday, May 5th. The shares were sold at an average price of $155.17, for a total value of $193,962.50. Following the completion of the transaction, the vice president now owns 23,044 shares in the company, valued at $3,575,737.48. This represents a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 831,250 shares of company stock valued at $130,517,863 over the last ninety days. 1.04% of the stock is currently 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.