Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd cut its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 84.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 11,995 shares of the company’s stock after selling 63,090 shares during the period. WINTON GROUP Ltd’s holdings in Howmet Aerospace were worth $1,312,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of Howmet Aerospace during the 4th quarter worth about $25,000. R Squared Ltd acquired a new stake in Howmet Aerospace in the 4th quarter worth about $26,000. Washington Trust Advisors Inc. purchased a new stake in Howmet Aerospace during the 4th quarter worth approximately $29,000. Global Trust Asset Management LLC acquired a new position in shares of Howmet Aerospace during the fourth quarter valued at approximately $33,000. Finally, Hanson & Doremus Investment Management purchased a new position in shares of Howmet Aerospace in the fourth quarter valued at approximately $34,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Down 1.1 %

NYSE HWM opened at $132.64 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The stock has a market capitalization of $53.72 billion, a P/E ratio of 47.04, a PEG ratio of 1.92 and a beta of 1.54. The firm’s 50-day moving average is $129.32 and its two-hundred day moving average is $115.48. Howmet Aerospace Inc. has a 12 month low of $62.80 and a 12 month high of $140.55.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. On average, sell-side analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 7th. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.30%. Howmet Aerospace’s payout ratio is presently 14.18%.

Analyst Upgrades and Downgrades

HWM has been the subject of several research reports. Truist Financial reiterated a “buy” rating and set a $140.00 price target (up from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Barclays upped their target price on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. raised their price target on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. The Goldman Sachs Group upped their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company raised their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Howmet Aerospace has a consensus rating of “Moderate Buy” and an average target price of $123.28.

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.