Cookson Peirce & Co. Inc. Sells 18,743 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Cookson Peirce & Co. Inc. lessened its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 4.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 383,931 shares of the company's stock after selling 18,743 shares during the period. Cookson Peirce & Co. Inc. owned approximately 0.09% of Howmet Aerospace worth $20,778,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HWM. Venturi Wealth Management LLC increased its holdings in Howmet Aerospace by 61.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 558 shares of the company's stock worth $26,000 after purchasing an additional 212 shares in the last quarter. Financial Freedom LLC acquired a new stake in Howmet Aerospace during the fourth quarter worth approximately $29,000. Headinvest LLC acquired a new stake in Howmet Aerospace during the third quarter worth approximately $30,000. Kathleen S. Wright Associates Inc. acquired a new stake in Howmet Aerospace during the third quarter worth approximately $31,000. Finally, Clear Street Markets LLC increased its holdings in shares of 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 purchasing an additional 349 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Trading Up 0.9 %

Shares of NYSE:HWM traded up $0.54 during mid-day trading on Tuesday, reaching $64.03. 2,640,576 shares of the company's stock were exchanged, compared to its average volume of 3,378,654. The firm has a market capitalization of $26.15 billion, a price-to-earnings ratio of 34.99, a PEG ratio of 1.67 and a beta of 1.43. The business's fifty day moving average price is $65.44 and its 200-day moving average price is $56.19. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.87 and a current ratio of 1.86. Howmet Aerospace Inc. has a twelve month low of $42.17 and a twelve month high of $69.55.

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

Howmet Aerospace Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. UBS Group raised their target price 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. The Goldman Sachs Group lifted their price objective on shares of Howmet Aerospace from $65.00 to $77.00 and gave the company a "buy" rating in a research note on Tuesday. Barclays lifted their price objective on shares of Howmet Aerospace from $60.00 to $65.00 and gave the company an "overweight" rating in a research note on Tuesday, February 20th. Royal Bank of Canada started coverage on shares of Howmet Aerospace in a research note on Monday, March 18th. They issued an "outperform" rating and a $75.00 price objective on the stock. Finally, KeyCorp lifted their price objective on shares of Howmet Aerospace from $60.00 to $70.00 and gave the company an "overweight" rating in a research note on Wednesday, February 21st. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $66.00.

Insider Activity

In other news, EVP Neil Edward Marchuk sold 45,000 shares of the business's stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 229,568 shares of the company's stock, valued at $15,482,065.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.23% of the company's stock.

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.