V Square Quantitative Management LLC Sells 661 Shares of Howmet Aerospace Inc. (NYSE:HWM)

V Square Quantitative Management LLC cut its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 20.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,563 shares of the company’s stock after selling 661 shares during the quarter. V Square Quantitative Management LLC’s holdings in Howmet Aerospace were worth $280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Stifel Financial Corp lifted its position in Howmet Aerospace by 12.1% during the third quarter. Stifel Financial Corp now owns 263,830 shares of the company’s stock valued at $26,450,000 after purchasing an additional 28,568 shares during the last quarter. Vista Investment Partners LLC bought a new stake in Howmet Aerospace during the fourth quarter valued at approximately $531,000. Genesis Private Wealth LLC bought a new stake in Howmet Aerospace during the fourth quarter valued at approximately $249,000. Oppenheimer & Co. Inc. lifted its position in Howmet Aerospace by 135.9% during the third quarter. Oppenheimer & Co. Inc. now owns 26,159 shares of the company’s stock valued at $2,622,000 after purchasing an additional 15,070 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in Howmet Aerospace during the fourth quarter valued at approximately $289,000. 90.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HWM. Barclays boosted their price objective on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Robert W. Baird boosted their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Truist Financial restated a “buy” rating and issued a $140.00 price objective (up from $130.00) on shares of Howmet Aerospace in a report on Friday. Wells Fargo & Company boosted their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Finally, Royal Bank of Canada boosted their price objective on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $117.76.

Howmet Aerospace Stock Up 4.4 %

Shares of Howmet Aerospace stock opened at $133.66 on Monday. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The company’s fifty day simple moving average is $119.05 and its two-hundred day simple moving average is $108.28. The company has a market cap of $54.30 billion, a P/E ratio of 51.02, a PEG ratio of 1.45 and a beta of 1.50. Howmet Aerospace Inc. has a 12-month low of $62.70 and a 12-month high of $133.92.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. Howmet Aerospace had a net margin of 14.81% and a return on equity of 24.50%. The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Research analysts anticipate that Howmet Aerospace Inc. will post 2.66 EPS for the current year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend is Friday, February 7th. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s payout ratio is 12.21%.

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.