EHP Funds Inc. Decreases Position in Howmet Aerospace Inc. (NYSE:HWM)

EHP Funds Inc. lowered its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 60.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,200 shares of the company’s stock after selling 6,300 shares during the quarter. EHP Funds Inc.’s holdings in Howmet Aerospace were worth $459,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Howmet Aerospace by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company’s stock worth $5,153,220,000 after purchasing an additional 352,256 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Howmet Aerospace by 14.0% during the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company’s stock worth $2,209,071,000 after acquiring an additional 2,486,649 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Howmet Aerospace by 0.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,213,937 shares of the company’s stock valued at $1,445,210,000 after acquiring an additional 80,972 shares during the period. Geode Capital Management LLC increased its stake in Howmet Aerospace by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 9,810,797 shares of the company’s stock worth $1,070,267,000 after purchasing an additional 308,574 shares during the period. Finally, Norges Bank bought a new stake in shares of Howmet Aerospace during the fourth quarter worth $1,001,558,000. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Trading Up 1.1 %

Howmet Aerospace stock opened at $155.99 on Wednesday. The stock’s 50 day simple moving average is $129.91 and its two-hundred day simple moving average is $121.82. Howmet Aerospace Inc. has a 12 month low of $76.83 and a 12 month high of $158.86. The firm has a market cap of $63.09 billion, a PE ratio of 55.31, a P/E/G ratio of 1.92 and a beta of 1.37. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the firm earned $0.53 EPS. The company’s quarterly revenue was up 5.5% on a year-over-year basis. Analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, May 9th. This represents a $0.40 annualized dividend and a yield of 0.26%. Howmet Aerospace’s dividend payout ratio (DPR) is currently 13.03%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on HWM shares. The Goldman Sachs Group boosted their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. UBS Group upped their target price on Howmet Aerospace from $120.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Benchmark lifted their price objective on Howmet Aerospace from $85.00 to $135.00 and gave the company a “buy” rating in a report on Monday, April 21st. Royal Bank of Canada boosted 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. Finally, Northcoast Research upgraded shares of Howmet Aerospace from a “sell” rating to a “neutral” rating in a research note on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and an average 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.