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

WINTON GROUP Ltd cut its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 84.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,995 shares of the company’s stock after selling 63,090 shares during the quarter. WINTON GROUP Ltd’s holdings in Howmet Aerospace were worth $1,312,000 as of its most recent SEC filing.

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

Howmet Aerospace Price Performance

HWM stock opened at $132.64 on Friday. The business has a 50 day simple moving average of $129.32 and a 200-day simple moving average of $115.48. The company 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. Howmet Aerospace Inc. has a twelve month low of $62.80 and a twelve month high of $140.55. 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 issued its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. As a group, equities analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on HWM shares. Truist Financial reaffirmed a “buy” rating and issued a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Wells Fargo & Company raised their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. The Goldman Sachs Group lifted their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Barclays increased their target price on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. lifted their price target on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.