Gotham Asset Management LLC Sells 44,287 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Gotham Asset Management LLC reduced its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 22.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 154,141 shares of the company’s stock after selling 44,287 shares during the quarter. Gotham Asset Management LLC’s holdings in Howmet Aerospace were worth $16,858,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Howmet Aerospace during the fourth quarter valued at about $1,001,558,000. JPMorgan Chase & Co. raised its holdings in Howmet Aerospace by 14.0% in 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. Winslow Capital Management LLC bought a new position in shares of Howmet Aerospace during the fourth quarter valued at $265,844,000. AustralianSuper Pty Ltd boosted its holdings in shares of Howmet Aerospace by 1,000.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company’s stock valued at $101,772,000 after acquiring an additional 845,941 shares during the last quarter. Finally, Capital World Investors raised its stake in Howmet Aerospace by 13.3% during the 4th quarter. Capital World Investors now owns 4,855,273 shares of the company’s stock valued at $531,021,000 after buying an additional 570,567 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Down 0.1 %

Howmet Aerospace stock opened at $157.40 on Friday. 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 stock has a 50-day moving average of $131.46 and a two-hundred day moving average of $122.94. Howmet Aerospace Inc. has a one year low of $76.83 and a one year high of $159.04. The stock has a market cap of $63.54 billion, a PE ratio of 55.82, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37.

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

Howmet Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.25%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 13.03%.

Wall Street Analyst Weigh In

HWM has been the topic of several recent research reports. Barclays increased their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. 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 report on Friday, May 2nd. BTIG Research reaffirmed a “buy” rating on shares of Howmet Aerospace in a report on Monday, May 5th. Royal Bank of Canada lifted their price target on Howmet Aerospace from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. Finally, Benchmark raised their target price on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, April 21st. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $132.53.

Insiders Place Their Bets

In other news, VP Barbara Lou Shultz sold 1,250 shares of the firm’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $155.17, for a total value of $193,962.50. Following the transaction, the vice president now directly owns 23,044 shares in the company, valued at $3,575,737.48. This trade represents a 5.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.04% of the stock is currently owned by company insiders.

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.