OMERS ADMINISTRATION Corp Has $3.21 Million Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

OMERS ADMINISTRATION Corp trimmed its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 19.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,317 shares of the company's stock after selling 7,274 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Howmet Aerospace were worth $3,206,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of HWM. Private Trust Co. NA lifted its position in Howmet Aerospace by 28.0% during the 4th quarter. Private Trust Co. NA now owns 407 shares of the company's stock worth $45,000 after acquiring an additional 89 shares during the last quarter. O Neil Global Advisors Inc. increased its stake in shares of Howmet Aerospace by 0.5% in the fourth quarter. O Neil Global Advisors Inc. now owns 19,527 shares of the company's stock worth $2,136,000 after purchasing an additional 90 shares during the period. Brooklyn Investment Group lifted its position in shares of Howmet Aerospace by 6.1% during the 4th quarter. Brooklyn Investment Group now owns 1,678 shares of the company's stock worth $183,000 after purchasing an additional 97 shares during the last quarter. Frank Rimerman Advisors LLC lifted its position in shares of Howmet Aerospace by 0.7% during the 4th quarter. Frank Rimerman Advisors LLC now owns 15,035 shares of the company's stock worth $1,644,000 after purchasing an additional 100 shares during the last quarter. Finally, Guyasuta Investment Advisors Inc. boosted its stake in Howmet Aerospace by 1.4% during the 4th quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company's stock valued at $838,000 after purchasing an additional 104 shares during the period. 90.46% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 30,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $158.53, for a total value of $4,755,900.00. Following the transaction, the executive vice president now owns 131,859 shares of the company's stock, valued at approximately $20,903,607.27. The trade was a 18.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Barbara Lou Shultz sold 1,250 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $155.17, for a total value of $193,962.50. Following the sale, the vice president now owns 23,044 shares in the company, valued at $3,575,737.48. The trade was a 5.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 831,250 shares of company stock worth $130,517,863 in the last quarter. 1.12% of the stock is owned by corporate insiders.

Howmet Aerospace Price Performance

Shares of HWM stock traded up $1.60 during trading hours on Friday, hitting $162.89. The company had a trading volume of 1,787,433 shares, compared to its average volume of 2,699,756. Howmet Aerospace Inc. has a 12 month low of $76.83 and a 12 month high of $162.91. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The firm's fifty day moving average is $134.88 and its 200 day moving average is $124.97. The firm has a market capitalization of $65.75 billion, a price-to-earnings ratio of 57.76, a PEG ratio of 1.92 and a beta of 1.37.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.77 by $0.09. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the firm earned $0.53 EPS. Howmet Aerospace's quarterly revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend is Friday, May 9th. Howmet Aerospace's payout ratio is 13.03%.

Analyst Ratings Changes

A number of research analysts have recently commented on HWM shares. Benchmark upped their price target on Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, April 21st. UBS Group boosted their target price on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Royal Bank of Canada increased their price target on shares of Howmet Aerospace from $150.00 to $165.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. The Goldman Sachs Group boosted their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Finally, Morgan Stanley increased their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $132.53.

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.