Howmet Aerospace Inc. (NYSE:HWM) Stock Position Decreased by Jackson Square Partners LLC

Jackson Square Partners LLC lowered its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 30.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,414,754 shares of the company's stock after selling 627,197 shares during the quarter. Howmet Aerospace makes up 2.5% of Jackson Square Partners LLC's portfolio, making the stock its 19th biggest position. Jackson Square Partners LLC owned 0.34% of Howmet Aerospace worth $76,566,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Accurate Wealth Management LLC bought a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $2,825,000. National Bank of Canada FI grew its position in Howmet Aerospace by 39.0% during the 4th quarter. National Bank of Canada FI now owns 120,557 shares of the company's stock worth $6,477,000 after purchasing an additional 33,844 shares during the last quarter. First Trust Direct Indexing L.P. grew its position in Howmet Aerospace by 24.8% during the 4th quarter. First Trust Direct Indexing L.P. now owns 6,381 shares of the company's stock worth $345,000 after purchasing an additional 1,269 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Howmet Aerospace during the 3rd quarter worth approximately $1,697,000. Finally, QRG Capital Management Inc. purchased a new stake in Howmet Aerospace during the 3rd quarter worth approximately $407,000. Institutional investors own 90.46% of the company's stock.

Howmet Aerospace Stock Performance

Shares of HWM traded up $0.40 during trading hours on Friday, hitting $82.93. The stock had a trading volume of 1,332,823 shares, compared to its average volume of 3,681,008. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.92 and a current ratio of 1.97. The firm has a 50-day moving average price of $69.49 and a 200 day moving average price of $60.59. The firm has a market capitalization of $33.85 billion, a price-to-earnings ratio of 40.06, a PEG ratio of 1.65 and a beta of 1.41. Howmet Aerospace Inc. has a fifty-two week low of $42.17 and a fifty-two week high of $83.17.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its earnings results on Thursday, May 2nd. The company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.05. The business had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.74 billion. Howmet Aerospace had a net margin of 12.53% and a return on equity of 21.33%. The company's quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.42 earnings per share. As a group, research analysts anticipate that Howmet Aerospace Inc. will post 2.39 EPS for the current year.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, May 10th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend is Thursday, May 9th. Howmet Aerospace's dividend payout ratio (DPR) is 9.66%.

Insider Activity at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 45,000 shares of the company's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $67.44, for a total value of $3,034,800.00. Following the completion of the sale, the executive vice president now owns 229,568 shares of the company's stock, valued at $15,482,065.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.12% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on HWM. Barclays boosted their target price on shares of Howmet Aerospace from $65.00 to $85.00 and gave the stock an "overweight" rating in a research report on Monday, May 6th. Argus boosted their target price on shares of Howmet Aerospace from $75.00 to $90.00 and gave the stock a "buy" rating in a research report on Monday, May 6th. Robert W. Baird boosted their target price on shares of Howmet Aerospace from $74.00 to $84.00 and gave the stock an "outperform" rating in a research report on Friday, May 3rd. UBS Group boosted their target price on shares of Howmet Aerospace from $57.00 to $66.00 and gave the stock a "neutral" rating in a research report on Thursday, February 15th. Finally, Benchmark reaffirmed a "buy" rating and issued a $53.00 price objective on shares of Howmet Aerospace in a report on Friday, April 19th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Howmet Aerospace currently has an average rating of "Moderate Buy" and an average price target of $73.67.

About Howmet Aerospace

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.