Quantinno Capital Management LP Purchases 9,040 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Quantinno Capital Management LP increased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 10.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,390 shares of the company's stock after acquiring an additional 9,040 shares during the period. Quantinno Capital Management LP's holdings in Howmet Aerospace were worth $10,542,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HWM. Murphy & Mullick Capital Management Corp bought a new position in Howmet Aerospace in the 4th quarter worth about $25,000. Meeder Asset Management Inc. raised its stake in Howmet Aerospace by 208.1% during the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock worth $25,000 after acquiring an additional 154 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in Howmet Aerospace during the 4th quarter worth approximately $25,000. R Squared Ltd bought a new stake in Howmet Aerospace during the 4th quarter valued at approximately $26,000. Finally, Washington Trust Advisors Inc. bought a new stake in Howmet Aerospace during the 4th quarter valued at approximately $29,000. Institutional investors own 90.46% of the company's stock.

Insider Buying and Selling

In other news, CEO John C. Plant sold 800,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $156.96, for a total transaction of $125,568,000.00. Following the transaction, the chief executive officer now owns 236,544 shares of the company's stock, valued at approximately $37,127,946.24. The trade was a 77.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Barbara Lou Shultz sold 1,250 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $155.17, for a total transaction of $193,962.50. Following the transaction, the vice president now directly owns 23,044 shares in the company, valued at approximately $3,575,737.48. The trade was a 5.15% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 831,250 shares of company stock worth $130,517,863. Insiders own 1.12% of the company's stock.

Analyst Ratings Changes

HWM has been the topic of several research reports. JPMorgan Chase & Co. lifted their target price on Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Royal Bank of Canada increased their price target on Howmet Aerospace from $150.00 to $165.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Morgan Stanley raised their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. Finally, Benchmark lifted their target price on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $132.53.

Howmet Aerospace Stock Up 0.6%

NYSE:HWM opened at $159.30 on Thursday. The firm has a market capitalization of $64.31 billion, a P/E ratio of 56.49, a PEG ratio of 1.92 and a beta of 1.37. Howmet Aerospace Inc. has a 1-year low of $76.83 and a 1-year high of $161.58. The company's fifty day moving average price is $133.35 and its 200-day moving average price is $123.97. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.09. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter last year, the company earned $0.53 EPS. The business's revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

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

Howmet Aerospace Company 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.

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