Desjardins Global Asset Management Inc. Sells 91,789 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Desjardins Global Asset Management Inc. reduced its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 74.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,314 shares of the company's stock after selling 91,789 shares during the period. Desjardins Global Asset Management Inc.'s holdings in Howmet Aerospace were worth $1,749,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Venturi Wealth Management LLC raised its holdings in shares of Howmet Aerospace by 61.3% during the third quarter. Venturi Wealth Management LLC now owns 558 shares of the company's stock valued at $26,000 after buying an additional 212 shares during the last quarter. Financial Freedom LLC bought a new stake in shares of Howmet Aerospace during the fourth quarter valued at approximately $29,000. Headinvest LLC bought a new stake in shares of Howmet Aerospace during the third quarter valued at approximately $30,000. Kathleen S. Wright Associates Inc. bought a new stake in shares of Howmet Aerospace during the third quarter valued at approximately $31,000. Finally, Clear Street Markets LLC raised 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 valued at $31,000 after buying an additional 349 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 45,000 shares of Howmet Aerospace 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 directly owns 229,568 shares in the company, valued at approximately $15,482,065.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.23% of the company's stock.

Howmet Aerospace Price Performance

Howmet Aerospace stock traded down $0.56 during mid-day trading on Wednesday, hitting $63.46. The company's stock had a trading volume of 3,088,678 shares, compared to its average volume of 3,374,740. 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 stock has a market capitalization of $25.92 billion, a P/E ratio of 34.52, a P/E/G ratio of 1.65 and a beta of 1.43. Howmet Aerospace Inc. has a twelve month low of $42.17 and a twelve month high of $69.55. The stock's fifty day moving average price is $65.44 and its two-hundred day moving average price is $56.19.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.06. The firm 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%. The firm's quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.38 earnings per share. Research analysts forecast that Howmet Aerospace Inc. will post 2.18 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The firm 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 annualized dividend and a yield of 0.32%. Howmet Aerospace's dividend payout ratio (DPR) is 10.93%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on HWM shares. KeyCorp lifted their price target on Howmet Aerospace from $60.00 to $70.00 and gave the company an "overweight" rating in a report on Wednesday, February 21st. JPMorgan Chase & Co. lifted their price target on Howmet Aerospace from $55.00 to $60.00 and gave the company an "overweight" rating in a report on Wednesday, February 14th. UBS Group boosted their target price on 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 boosted their target price on Howmet Aerospace from $65.00 to $77.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, Barclays boosted their target price on Howmet Aerospace from $60.00 to $65.00 and gave the stock an "overweight" rating in a report on Tuesday, February 20th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $66.00.

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.