Ceredex Value Advisors LLC Cuts Position in Howmet Aerospace Inc. (NYSE:HWM)

Ceredex Value Advisors LLC decreased its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 21.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 668,250 shares of the company's stock after selling 181,450 shares during the quarter. Ceredex Value Advisors LLC owned 0.16% of Howmet Aerospace worth $36,166,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HWM. JPMorgan Chase & Co. increased its stake in Howmet Aerospace by 118.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,239,071 shares of the company's stock worth $612,307,000 after buying an additional 7,184,620 shares during the period. Norges Bank acquired a new stake in shares of Howmet Aerospace in the 4th quarter worth about $134,379,000. FMR LLC increased its position in Howmet Aerospace by 21.2% in the 3rd quarter. FMR LLC now owns 15,086,149 shares of the company's stock valued at $697,734,000 after acquiring an additional 2,635,894 shares during the period. Macquarie Group Ltd. raised its stake in shares of Howmet Aerospace by 5,231.1% during the first quarter. Macquarie Group Ltd. now owns 1,575,116 shares of the company's stock valued at $66,738,000 after purchasing an additional 1,545,570 shares in the last quarter. Finally, Holocene Advisors LP acquired a new stake in shares of Howmet Aerospace in the 2nd quarter worth approximately $61,512,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Howmet Aerospace Price Performance

HWM traded up $1.53 during midday trading on Friday, reaching $67.06. 2,417,518 shares of the company's stock were exchanged, compared to its average volume of 3,732,941. The company has a quick ratio of 0.87, a current ratio of 1.86 and a debt-to-equity ratio of 0.88. The business has a 50-day simple moving average of $64.33 and a two-hundred day simple moving average of $55.26. The firm has a market capitalization of $27.51 billion, a price-to-earnings ratio of 36.64, a price-to-earnings-growth ratio of 1.75 and a beta of 1.43. Howmet Aerospace Inc. has a one year low of $41.40 and a one year high of $69.55.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its earnings results on Tuesday, February 13th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.47 by $0.06. Howmet Aerospace had a return on equity of 20.12% and a net margin of 11.52%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the company earned $0.38 EPS. Howmet Aerospace's revenue was up 14.4% on a year-over-year basis. As a group, research analysts predict that Howmet Aerospace Inc. will post 2.18 EPS for the current year.

Howmet Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 26th. Shareholders of record on Friday, February 9th were given a $0.05 dividend. The ex-dividend date was Thursday, February 8th. This represents a $0.20 dividend on an annualized basis and a yield of 0.30%. Howmet Aerospace's dividend payout ratio (DPR) is presently 10.93%.

Insider Transactions at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 45,000 shares of the business's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $67.44, for a total value of $3,034,800.00. Following the transaction, the executive vice president now directly owns 229,568 shares of the company's stock, valued at approximately $15,482,065.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.23% of the company's stock.

Analyst Upgrades and Downgrades

HWM has been the topic of a number of recent analyst reports. UBS Group boosted their target price on Howmet Aerospace from $57.00 to $66.00 and gave the stock a "neutral" rating in a research report on Thursday, February 15th. KeyCorp lifted their price target on Howmet Aerospace from $60.00 to $70.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 21st. Truist Financial raised Howmet Aerospace from a "hold" rating to a "buy" rating and increased their price objective for the company from $47.00 to $74.00 in a research report on Wednesday, January 10th. Robert W. Baird boosted their target price on shares of Howmet Aerospace from $61.00 to $65.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 14th. Finally, Royal Bank of Canada initiated coverage on shares of Howmet Aerospace in a report on Monday, March 18th. They issued an "outperform" rating and a $75.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Howmet Aerospace presently has a consensus rating of "Moderate Buy" and an average price target of $64.33.

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.