Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Tidal Investments LLC

Tidal Investments LLC cut its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 72.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,751 shares of the company's stock after selling 40,739 shares during the quarter. Tidal Investments LLC's holdings in Howmet Aerospace were worth $1,723,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in Howmet Aerospace by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company's stock valued at $1,775,578,000 after acquiring an additional 1,336,592 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in Howmet Aerospace during the 4th quarter valued at approximately $289,000. Atomi Financial Group Inc. raised its stake in Howmet Aerospace by 19.2% during the 4th quarter. Atomi Financial Group Inc. now owns 6,597 shares of the company's stock valued at $721,000 after acquiring an additional 1,061 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Howmet Aerospace by 3.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 33,522 shares of the company's stock valued at $3,666,000 after acquiring an additional 1,141 shares during the last quarter. Finally, XML Financial LLC purchased a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $202,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Howmet Aerospace news, VP Barbara Lou Shultz sold 1,250 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $155.17, for a total value of $193,962.50. Following the completion of the sale, the vice president now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Neil Edward Marchuk sold 30,000 shares of the company'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 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. This trade represents a 18.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 831,250 shares of company stock worth $130,517,863 over the last ninety days. Company insiders own 1.04% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on HWM shares. The Goldman Sachs Group increased 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. UBS Group increased their target price on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. JPMorgan Chase & Co. upped their price target on Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Finally, Benchmark upped their price target on Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $132.53.

Howmet Aerospace Stock Performance

HWM stock traded down $0.56 on Thursday, reaching $169.76. The company's stock had a trading volume of 892,672 shares, compared to its average volume of 2,692,545. Howmet Aerospace Inc. has a 52 week low of $76.83 and a 52 week high of $173.05. The company has a market capitalization of $68.53 billion, a P/E ratio of 60.17, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37. The firm has a fifty day moving average of $140.84 and a two-hundred day moving average of $128.15. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98.

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

Howmet Aerospace Announces Dividend

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

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.