Ethic Inc. Sells 2,308 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Ethic Inc. reduced its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 4.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 46,196 shares of the company's stock after selling 2,308 shares during the period. Ethic Inc.'s holdings in Howmet Aerospace were worth $5,052,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vista Investment Partners LLC purchased a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $531,000. Genesis Private Wealth LLC purchased a new position in Howmet Aerospace in the fourth quarter valued at about $249,000. Ameritas Advisory Services LLC acquired a new stake in shares of Howmet Aerospace during the fourth quarter worth approximately $289,000. Geneos Wealth Management Inc. increased 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 purchasing an additional 8,241 shares during the last quarter. Finally, Park Avenue Securities LLC raised its stake in Howmet Aerospace by 150.5% during the fourth quarter. Park Avenue Securities LLC now owns 10,707 shares of the company's stock valued at $1,171,000 after buying an additional 6,433 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Insider Activity at Howmet Aerospace

In other news, VP Barbara Lou Shultz sold 1,250 shares of the business'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 transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John C. Plant sold 800,000 shares of the firm's stock in a transaction on 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 sale, the chief executive officer now directly owns 236,544 shares of the company's stock, valued at $37,127,946.24. This represents a 77.18% 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 in the last 90 days. 1.12% of the stock is owned by corporate insiders.

Howmet Aerospace Stock Performance

HWM stock traded up $1.59 on Thursday, reaching $161.05. 2,021,133 shares of the company were exchanged, compared to its average volume of 2,687,391. 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 Inc. has a 12 month low of $76.83 and a 12 month high of $161.65. The stock's fifty day moving average price is $133.35 and its 200 day moving average price is $123.97. The firm has a market capitalization of $65.01 billion, a PE ratio of 57.19, a PEG ratio of 1.92 and a beta of 1.37.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the previous year, the business posted $0.53 earnings per share. Howmet Aerospace's quarterly revenue was up 5.5% on a year-over-year basis. On average, research analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently declared 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 is 13.03%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HWM. Barclays increased their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" 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 report on Friday, May 2nd. Truist Financial cut their price target on shares of Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Benchmark increased their target price on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a report on Monday, April 21st. Finally, The Goldman Sachs Group increased their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Howmet Aerospace presently has an average rating of "Moderate Buy" and an average target price of $132.53.

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.