Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Strs Ohio

Strs Ohio trimmed its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 999,907 shares of the company's stock after selling 69,522 shares during the period. Strs Ohio owned about 0.24% of Howmet Aerospace worth $54,114,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Louisiana State Employees Retirement System purchased a new position in shares of Howmet Aerospace during the fourth quarter valued at about $1,283,000. Simplicity Solutions LLC increased its position in shares of Howmet Aerospace by 7.1% during the fourth quarter. Simplicity Solutions LLC now owns 4,922 shares of the company's stock valued at $266,000 after buying an additional 326 shares during the period. Clarius Group LLC purchased a new position in shares of Howmet Aerospace during the fourth quarter valued at about $209,000. Valeo Financial Advisors LLC increased its position in shares of Howmet Aerospace by 4.6% during the fourth quarter. Valeo Financial Advisors LLC now owns 4,571 shares of the company's stock valued at $247,000 after buying an additional 200 shares during the period. Finally, Sapient Capital LLC purchased a new position in shares of Howmet Aerospace during the fourth quarter valued at about $3,957,000. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Stock Down 0.8 %

Shares of NYSE HWM traded down $0.52 during midday trading on Monday, hitting $63.48. The stock had a trading volume of 2,729,385 shares, compared to its average volume of 3,388,908. The company has a market cap of $25.92 billion, a P/E ratio of 34.69, a PEG ratio of 1.67 and a beta of 1.43. The business's 50 day moving average is $65.33 and its 200-day moving average is $56.07. Howmet Aerospace Inc. has a 52 week low of $42.17 and a 52 week high of $69.55. The company has a quick ratio of 0.87, a current ratio of 1.86 and a debt-to-equity ratio of 0.88.

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

Howmet Aerospace Dividend Announcement

The business also recently disclosed 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 yield of 0.32%. Howmet Aerospace's dividend payout ratio (DPR) is 10.93%.

Insider Activity at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 45,000 shares of the stock in a transaction that occurred 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 $15,482,065.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.23% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HWM shares. UBS Group upped their price objective on shares of Howmet Aerospace from $57.00 to $66.00 and gave the stock a "neutral" rating in a report on Thursday, February 15th. Robert W. Baird upped their price objective on shares of Howmet Aerospace from $65.00 to $74.00 and gave the stock an "outperform" rating in a report on Monday, April 8th. Barclays upped their price objective on shares of Howmet Aerospace from $60.00 to $65.00 and gave the stock an "overweight" rating in a report on Tuesday, February 20th. KeyCorp upped their price objective on shares of Howmet Aerospace from $60.00 to $70.00 and gave the stock an "overweight" rating in a report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Howmet Aerospace from $55.00 to $60.00 and gave the stock an "overweight" rating in a report on Wednesday, February 14th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Howmet Aerospace presently has an average rating of "Moderate Buy" and an average price target of $65.08.

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.