Hardman Johnston Global Advisors LLC Sells 33,633 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Hardman Johnston Global Advisors LLC decreased its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,589,465 shares of the company's stock after selling 33,633 shares during the quarter. Howmet Aerospace accounts for approximately 2.8% of Hardman Johnston Global Advisors LLC's investment portfolio, making the stock its 13th largest position. Hardman Johnston Global Advisors LLC owned 0.39% of Howmet Aerospace worth $86,022,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Venturi Wealth Management LLC raised its stake in Howmet Aerospace by 61.3% during the third quarter. Venturi Wealth Management LLC now owns 558 shares of the company's stock worth $26,000 after acquiring an additional 212 shares in the last quarter. Financial Freedom LLC acquired a new position in Howmet Aerospace during the fourth quarter worth about $29,000. Headinvest LLC acquired a new position in Howmet Aerospace during the third quarter worth about $30,000. Kathleen S. Wright Associates Inc. acquired a new position in Howmet Aerospace during the third quarter worth about $31,000. Finally, Clear Street Markets LLC raised its stake in Howmet Aerospace by 93.8% during the first quarter. Clear Street Markets LLC now owns 721 shares of the company's stock worth $31,000 after acquiring an additional 349 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. KeyCorp boosted their target price on Howmet Aerospace from $60.00 to $70.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 21st. Royal Bank of Canada started coverage on Howmet Aerospace in a research note on Monday, March 18th. They issued an "outperform" rating and a $75.00 price objective for the company. Barclays upped their price objective on Howmet Aerospace from $60.00 to $65.00 and gave the company an "overweight" rating in a research note on Tuesday, February 20th. Robert W. Baird upped their price objective on Howmet Aerospace from $65.00 to $74.00 and gave the company an "outperform" rating in a research note on Monday. Finally, Sanford C. Bernstein started coverage on Howmet Aerospace in a research note on Friday, January 5th. They issued an "outperform" rating and a $67.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, Howmet Aerospace presently has a consensus rating of "Moderate Buy" and a consensus target price of $65.08.

Howmet Aerospace Trading Down 2.4 %

Shares of NYSE HWM traded down $1.59 during midday trading on Friday, reaching $64.00. The stock had a trading volume of 2,990,554 shares, compared to its average volume of 3,398,192. The firm has a market cap of $26.14 billion, a price-to-earnings ratio of 34.97, a price-to-earnings-growth ratio of 1.70 and a beta of 1.43. Howmet Aerospace Inc. has a twelve month low of $42.12 and a twelve month high of $69.55. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.87 and a current ratio of 1.86. The company's 50 day moving average price is $65.21 and its 200 day moving average price is $55.81.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its earnings results on Tuesday, February 13th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.06. Howmet Aerospace had a net margin of 11.52% and a return on equity of 20.12%. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the company earned $0.38 EPS. Howmet Aerospace's quarterly revenue was up 14.4% compared to the same quarter last year. As a group, sell-side analysts expect that Howmet Aerospace Inc. will post 2.18 EPS for the current year.

Howmet Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Friday, February 9th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, February 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.31%. Howmet Aerospace's payout ratio is presently 10.93%.

Insider Activity at Howmet Aerospace

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

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